One-member schemes, known as executive pensions or small self-administered pension schemes (SSAPS), must comply with new EU regulations by this date. The directive is about ensuring that occupational pension schemes are sound and better protect members and beneficiaries. This meant, then, significant changes for these pension schemes, such as an effective ban on borrowing in an SSAPS. SSAPS or executive pension holders have a number of options open to them – but they must take action now. However, amid fears that the funding rules were being abused, the Government changed this from January 2025.

Source: The Irish Times February 03, 2026 15:50 UTC