CPAS

What CPAS does

CPAS (legal entity: CIF Pension Administration Services Designated Activity Company) is an Ireland-based, not-for-profit pension administration organization that operates exclusively for the Irish construction industry. Founded as part of the Construction Workers Pension Scheme (CWPS) in 1965 and now part of the Construction Industry Federation (CIF) Group, CPAS administers two industry-wide multi-employer occupational pension schemes — CWPS and CERS — alongside supplementary trusts: the Construction Workers Sick Pay Trust (CWSPT), the Construction Industry Retirement Trust (CIRT) for the self-employed, and Central Bank-regulated financial advisory subsidiary Milestone Advisory DAC. The company employs approximately 50 staff at its Linden House, Clonskeagh (Dublin 14) headquarters.

The company's core offerings span pension scheme design, pension administration, trustee services, pension payroll, sick pay administration, retirement planning, financial advice, and compliance/security services for trustees and employers. Members access their accounts through dedicated CWPS and CERS member portals, and the company distributes educational content via blog articles, video library, newsletter, and industry publication contributions. CPAS is registered with the Central Bank of Ireland, is a Registered Administrator under IORP II, and operates a 'pot follows member' portability principle that has been in place for 60 years. No proprietary AI, machine learning, or advanced technology stack is disclosed in the input data; the technology surface is limited to two secure member portals and standard administrative systems.

CPAS's revenue model is built on professional service fees for pension administration, payroll, trustee, advisory, and sick pay administration, but the company operates on a strict not-for-profit basis with all earnings reinvested into operations. The go-to-market is enterprise field sales plus direct employer engagement with construction companies, complemented by a member self-service portal channel and partnership referrals to Milestone Advisory. CPAS serves 3,000+ construction employer clients and 7,500+ members on its pension payroll (with 3,500+ employers enrolled in the sick pay trust), operates exclusively in Ireland, and has no disclosed funding rounds or external investors.

Name

CPAS

Legal name

CIF Pension Administration Services Designated Activity Company

Website

https://cpas.ie

Company type

Private

Founded year

1965

Operating status

Operating

Headcount range

11–50 employees

Short description

CPAS (CIF Pension Administration Services) is an Ireland-based not-for-profit pension administrator serving 3,000+ construction industry employers and 7,500+ members via the CWPS and CERS multi-employer schemes, with affiliated advisory (Milestone Advisory DAC), sick pay, and self-employed (CIRT) sub-entities.

Ownership category

akta.pro rank

Headquarters

HQ city

Dublin

HQ country

Ireland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Compliance, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Pension Administration Services: CPAS operates as a not-for-profit organization providing pension administration services. All money earned through business activities goes back into running the organization. Revenue is generated through service fees for administering CWPS, CERS pension schemes and related financial services to construction industry employers and employees.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

CPAS (CIF Pension Administration Services) is a not-for-profit organization that provides pension administration, scheme design, trustee services, pension payroll, and financial advisory services to Ireland's construction industry. The company administers the Construction Workers Pension Scheme (CWPS) and Construction Executive Retirement Savings (CERS) multi-employer pension schemes, serving over 3,000 construction employers and approximately 7,500 members on pension payroll.

Product overview

CPAS (CIF Pension Administration Services) is a not-for-profit organization providing a comprehensive suite of pension administration services exclusively for Ireland's construction industry. The portfolio centers on administering two main pension schemes: CWPS (Construction Workers Pension Scheme) offering fixed benefits since 1965, and CERS (Construction Executive Retirement Savings) providing bespoke solutions. Supporting these core schemes are additional products including sick pay administration through CWSPT, flexible retirement arrangements via CIRT, and financial advisory services through Milestone Advisory DAC. CPAS also offers trustee services, pension payroll processing, scheme design, compliance services, and Additional Voluntary Contributions (AVCs) as top-up options. Members access their accounts through dedicated online portals for both CWPS and CERS. The organization serves over 3,000 construction companies and approximately 7,500 members through its pension payroll services.

Differentiator

Problem solved

Functional benefit

Products and services

• Pension Administration CPAS, as a Registered Administrator, provides administrative services to the Trustees of the CWPS and CERS schemes, handling member queries, record maintenance, benefit payment processing, and regulatory compliance.
• Pension Scheme Design

Quantifiable outcome

• Tax relief at marginal tax rate (20% or 40%) on pension contributions, compared to auto-enrolment's equivalent 25% tax relief
• +2 more outcomes

Named customers2 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Nine partnerships are on record, tiered core and minor.

• Construction Workers Pension Scheme (CWPS)coreStrategic or Co-development PartnerCWPS is a multi-employer occupational pension scheme providing pension solutions for workers in the construction and related industries. CPAS is registered to provide core administration services to the CWPS trustees. CWPS celebrated 60 years in 2025.
• Construction Executive Retirement Savings (CERS)coreStrategic or Co-development PartnerCERS is an industry-wide multi-employer scheme offering bespoke pension solutions to the construction and related industries. CPAS provides administrative services to CERS trustees.
• Milestone Advisory DACcoreStrategic or Co-development PartnerMilestone Advisory DAC is regulated by the Central Bank of Ireland to provide financial advice to members of the construction and related industries. Preferred provider for financial advice related to CWPS and CERS member retirement planning, investments, and life/income protection.
• Construction Workers Sick Pay Trust (CWSPT)coreStrategic or Co-development PartnerCWSPT covers active members of CWPS for a Sick Pay benefit of €48.00 per day payable while absent from work through illness or injury. CPAS provides administration services to the Sick Pay Trust.
• Construction Industry Retirement Trust (CIRT)minorStrategic or Co-development PartnerCIRT provides a flexible pension arrangement for self-employed individuals and employees with no pension provision in the construction and related industries.
• Construction Industry Federation (CIF)coreStrategic or Co-development PartnerCIF is the voice of the Irish Construction Industry and a member-led representative organization. CPAS is part of the CIF Group, with CIF providing political, business, economic and regulatory environment navigation support.
• Irish Heart FoundationminorOthersTrusted charity partner included in direct marketing communications alongside Pieta House and Lighthouse.
• Pieta HouseminorOthersTrusted charity partner included in direct marketing communications alongside Irish Heart Foundation and Lighthouse.
• LighthouseminorOthersTrusted charity partner included in direct marketing communications alongside Irish Heart Foundation and Pieta House.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• New Ireland Assurance Company plc: Bank of Ireland subsidiary providing pensions, investments, and life assurance in Ireland. Overlaps with CPAS in occupational pension administration and corporate scheme design, with a much broader product and distribution footprint.
• Zurich Life Assurance plc: Major Irish life insurer and pension provider offering group occupational pensions, trustee services, and retirement planning. Comparable on scheme administration and regulatory footprint, though diversified across broader life and general insurance lines.
• Mercer Ireland: Global consulting firm offering pension scheme design, actuarial, administration, and investment services in Ireland. Comparable advisory and administration capabilities, with broader international reach and larger scale than CPAS.
• Irish Life Group (Great-West Lifeco subsidiary): Ireland's largest life insurance and pension administrator, providing occupational scheme administration, group pensions, and individual pensions. Broad incumbent offering overlapping pension administration and trustee services to corporate Ireland, including the construction sector.
• Aon Ireland: Global professional services firm providing pension administration, actuarial consulting, and benefits brokerage in Ireland. Directly comparable on scheme design and administration, with broader risk and insurance advisory services.
• Willis Towers Watson (WTW) Ireland: Global advisory, broking, and solutions company offering pension scheme design, administration, and actuarial services to corporate Ireland. Overlaps with CPAS on multi-employer pension administration and trustee support, though at materially larger scale.

Direct peers

• Cornmarket Group Financial Services Ltd: Irish financial services firm specializing in workplace pension administration and financial advice for specific employee groups, including public sector workers. Directly comparable niche occupational pension administration model with cross-sell into advisory, retirement planning, and group protection.
• B&CE (Construction Industry Pension Scheme, UK): UK not-for-profit provider of occupational pensions, life cover, and absence benefits for the construction industry. The closest international analogue to CPAS, operating an industry-wide multi-employer scheme for construction workers with comparable 'pot follows member' portability.

Regional players

• Local Government Management Agency (LGMA): Irish statutory body administering pension and shared services for local government and public-sector workers. Comparable as a sector-specific occupational pension administrator with multi-employer scheme structure, though operating in the public sector rather than construction.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/CPAS_Pensions

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CPAS