Oireachtas Joint and Select Committees
Thursday, 7 July 2022
Public Accounts Committee
Business of Committee
9:30 am
Colm Burke (Cork North Central, Fine Gael) | Oireachtas source
Briefly, this is a difficult area in relation to managing funds, because of the problem with the banks. There is also the issue of investment and the risk of investment. It has been a challenging time for everyone in this area. There are no easy answers to it. A lot of money has been invested. There is the issue of careful management.
The other problem that is occurring in relation to the wards of court fund is that for the people who are involved and for whom the funds are put in place, the cost of their care is increasing all the time. Therefore, there are a number of different challenges in this area.
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