Oireachtas Joint and Select Committees
Tuesday, 18 November 2025
Select Committee on Social Protection, Rural and Community Development
Social Welfare and Automatic Enrolment Retirement Savings System (Amendment) Bill 2025: Committee Stage
2:00 am
Dara Calleary (Mayo, Fianna Fail)
It also states there are other very big companies working with TCS in relation to this - big names we all use every day. Norway's sovereign wealth fund holds a stake in 15 separate Tata companies, which includes a stake of about €250 million in TCS. Many experts would say the Norwegian sovereign wealth fund is considered one of the most ethical funds in the world. I do not necessarily disagree with the Deputy's point but it demonstrates the complexity of service providers and the service supply chain. We went to an open, EU-wide tender in 2023 and 2024 to get the best possible service for the 750,000 people participating in this scheme.
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