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

In Mr. Begg's new brief, will he commission an investigation into the activities and the investment decisions relating to the IASS which caused serious financial strain on that scheme? Mr. Begg answered the Chairman's question as to whether it was a DC or DB scheme. That was a tactic the companies used to delay the process. There was a firm ruling that it was a DB scheme, with no question or doubt. That issue was not relevant regarding the latter crisis around the IASS.

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