The Social Welfare and Pensions Act 2015 (No. 47) introduces important amendments aimed at enhancing pension governance and social insurance. Key updates include the enhancement of the Pensions Authority's oversight powers and the reinforcement of trustee obligations, which together aim to improve the overall management and integrity of pension schemes. The Act further strengthens consumer safeguards, reflecting a commitment to protect the interests of beneficiaries.

In addition to pension reforms, the Act revises the rules governing Pay Related Social Insurance (PRSI) and benefits related to maternity, adoption, and support for widowed parents. These adjustments are designed to better align with the evolving demographic landscape and labour market demands, thereby ensuring that social welfare provisions remain relevant and effective.