Eoin Hayes (Dublin Bay South, Social Democrats)

I thank the Minister for that. I urge him to keep an eye on the question of certain individuals having very different outcomes on the basis of market conditions. Notwithstanding the fact that this is a composite and consolidated investment management strategy, which I would generally welcome, I am just concerned that individuals may lose out, perhaps in nearly identical circumstances to those of other individuals, by virtue of the fact that the investment strategies have been chosen and some market conditions could end up with vastly different outcomes on the basis of the risk profile associated with their investment. It is just something worth keeping an eye on as we think about auto-enrolment. More generally, since this is a State-mandated scheme and one that is governed by the State, it is one we have fiduciary responsibility on.