Oireachtas Joint and Select Committees

Thursday, 8 March 2018

Public Accounts Committee

Business of Committee

9:00 am

Photo of Seán FlemingSeán Fleming (Laois, Fianna Fail) | Oireachtas source

This comes from an acting Secretary General. We are publishing this. The issue of wards of court is a public matter. The one point I would make is that there seems to be a big mystery. These are administered by the judges, and rightly so. We are not trespassing there. They seem to have their own committee overseeing the investment. Perhaps when we come to do our work, such funds might be better managed by the NTMA or somebody else. We should leave the judges with their authority as trustees. In the context of funds that are for the benefit of the public, although I know it is not taxpayers' money directly and can come from insurance companies regarding claims, I think there would be more public satisfaction if they were managed by an organisation such as the NTMA. That is only a suggestion but it is one to which we might return.

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