Oireachtas Joint and Select Committees

Wednesday, 7 December 2022

Joint Oireachtas Committee on Social Protection

Automatic Enrolment Retirement Savings System Bill: Discussion

Mr. Liam Berney:

As I said, we believe the original model that was proposed in the strawman has been significantly changed to give more State control over how this money is collected and invested. The only point I was making was that the functioning of the central processing authority and how the scheme is going to be run will now be subject to legislation. All the questions the Deputy raised about the nature of investment, where investment takes place and so on are ones to which the Oireachtas should give serious consideration, given it can mandate in legislation the authority to behave in a certain manner.

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