Oireachtas Joint and Select Committees
Thursday, 27 June 2024
Committee on Public Petitions
Financial Services and Pensions Ombudsman: Annual Report and Other Matters
1:30 pm
Gerard Craughwell (Independent) | Oireachtas source
Right now we have a piece of legislation passing through the House on the Court Service, immigration and social welfare. There are about ten different things stuck in it. Right at the end of the legislation, there is a piece on superannuation. One would want to have ten pieces of primary legislation available in order to cross-reference what it is we are changing. That point has been made in the House.
In the case of something like pensions and superannuation, a change can pass through the Houses of the Oireachtas without the latent impact being fully understood. It is only when the full policy kicks in that the impact is understood. The ombudsman's office will probably, over time, encounter issues relating to the impact of the financial emergency measures in the public interest, FEMPI, legislation, in particular. I certainly have encountered such issues. I have fought one or two battles on them and won, without having to go to the ombudsman.
It was done in a hurry, and we all understand why. The State was in dire straits, but it strikes me that the FSPO is going to have queries coming down the road. Have any of these queries started to hit the organisation yet, particularly in the area of pensions and superannuation?
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