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
Clare Daly (Dublin North, United Left) | Oireachtas source
I am seeking Mr. Begg's comments on this.
With regard to Mr. Begg's role in the Pensions Authority, is he prepared to order an investigation into what occurred with the IASS, particularly because there were not only poor management decisions but also negligent investment decisions made by the trustees, who decided to divest the pension fund of probably the most unrivalled property portfolio in the city at a time of rising property prices and to put all the money into Irish Life at a time when people connected to Irish Life were also connected to the pension fund? Will it be investigated under Mr. Begg's remit? He said his greatest expertise was being a pensioner. Of how many pension schemes is he a member? How many pensions is he likely to receive from the various posts in which he served over the years?
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