IAPF Spring 2018 Irish Pensions Magazine

58 | IRISH PENSIONS MAGAZINE | SPRING 2018 FEATURE • Proactive compliance activity including a varied programme of on-site inspections of administrators, scheme administration reviews, reviews of PRSA actuarial reporting and desk compliance audits. • A continued programme of engagement directly with trustees of both DB and DC schemes PRSA data The number of PRSA contracts increased by 13,945 to 264,664 with assets under management of ¤6.3 billion. The contracts consisted of 195,367 Standard PRSA contracts and 69,297 Non-Standard PRSA contracts. Looking ahead, the Authority’s plans for 2018 include: Table 2: Defined contribution schemes with active members as at 31 December 2017 No of Schemes Active Members NON-GROUP 61,298 61,298 1-10 6,796 18,605 11-20 938 13,797 21-30 450 11,245 31-40 282 9,999 41-50 167 7,536 51-99 365 25,018 100-500 321 66,183 501-1000 46 31,543 1001+ 37 84,073 2017 TOTAL 70,700 329,297 2016 TOTAL 67,703 299,782 CHANGE SINCE 2016 2,997 29,515 * Scheme membership data is based on the scheme registration data provided to the Authority by regulated entities.