Tuesday 17 November 2009: In Bulletin No. 2 - November 2008, The Pensions Board brought the self investment limits under the IORPs directive to the attention of pension schemes.
Article 18 of the IORPs Directive limits the investment by a pension scheme to 5% of total assets in the employer and an additional 5% in other group companies related to the employer.
The deadline for the implementation of this measure is 23 September 2010 and the Government has decided that it will not be implemented until the Directive deadline. However, the Board wishes to give advance notice of the application of this measure so that schemes take whatever investment steps are necessary in good time.