Oireachtas Joint and Select Committees

Thursday, 9 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Dr. Michael Somers:

The pension fund was entirely under the control of the pension commission which was given, by Charlie McCreevy, complete independence to get the best rate of return and they ... I mean, I outlined in my speech there the, kind of, areas ... we were looking at everything because we wanted to spread the risk of this, get the best possible rate of return with the lowest possible risk and I mean, this was, kind of, nightmare stuff, trying to get this.

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