Event Details

When:

31/07/2014 at 7.30am for 8.00am to 9.15am

Where:

Institute of Chartered Accountants, Dublin 2

Cost:

Non Members: €125
Members: €75

Introduction

THE IMPACT OF THE OMEGA PHARMA JUDGEMENT

Last Friday, July 25th, Justice Michael Moriarty delivered a landmark judgement in the case taken by the trustees of the Omega Pharma pension scheme against the scheme’s employers.

The judge ruled that the trustees were entitled to the payment of a sum of €2.23m to the scheme which they had sought from the employers after they had been issued with notice to terminate the scheme.

Although the scheme was fully funded under the minimum funding standard, the trustees had sought the contribution from the employers in order to provide the members with benefits based on a combination of annuity buy-out and standard transfer values.

This seminar will offer the first chance to digest the outcome of this significant judgement. What were the factors involved, how relevant is it to other schemes and where does the balance of power between employers and trustees now lie?  

CPD: This Conference has been accredited 1 CPD hour by the LIA & IOB (Category 2. Pensions) (Ref: LIA-O-4943, IOB 2014-1571, see attached pdf of confirmation) and 1.15 CPD hours by the IIPM. If you have a query relating to CPD hours please contact the relevant awarding body.

Presentations

Timetable

7.30am Registration / Networking Breakfast

8.00am Introduction 
Jerry Moriarty, CEO, IAPF

8.10am Background to Case 
Philip Shier, Aon Hewitt

8.30am Legal Aspects
Michael Wolfe, William Fry

8.50am Summary, Q&A


Speakers

Michael Wolfe
William Fry
Philip Shier
AonHewitt
Jerry Moriarty
IAPF

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