Oireachtas Joint and Select Committees

Thursday, 14 February 2019

Public Accounts Committee

Business of Committee

9:00 am

Mr. Seamus McCarthy:

The sources include funds held by university trusts, pension funds, religious order funds and construction worker pensions. There are a lot of pension funds there. When people make their contributions to pensions, those contributions have to be invested. They have to generate returns for the pensions to be paid in the future. That funding is out there looking for a home that will generate a reasonable expected rate of return. That is what the pensions industry is about.

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