Oireachtas Joint and Select Committees

Wednesday, 27 January 2016

Joint Oireachtas Committee on Education and Social Protection

The Pensions Authority: Chairperson Designate

1:00 pm

Photo of Clare DalyClare Daly (Dublin North, United Left) | Oireachtas source

It is, because the role Mr. Begg had in the Central Bank could be viewed to be quite similar to that which he holds in the Pensions Authority - one of oversight. It was the lack of oversight of the Central Bank that caused some of the problems. How do we know we will have a different approach to oversight in respect of the Pensions Authority role? My comments relate to Mr. Begg's previous experience and expertise.

The last question, in deference to the Chairman, concerns the fact that the Pensions Authority only requires trustees of schemes to send on an annual report to existing members - say, trade unions and current active members. Does Mr. Begg have any views on changing that situation so that information is given, on a mandatory basis, to existing current pensioners? Many of my questions concern how the rights of existing pensioners will be improved under the new Pensions Authority.

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