Oireachtas Joint and Select Committees
Thursday, 22 November 2012
Public Accounts Committee
2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 4 - National Pensions Reserve Fund
Chapter 25 - Accounts of the National Treasury Management Agency
National Treasury Management Agency - Financial Statements 2011
National Pensions Reserve Fund Commission - Financial Statements 2011
11:30 am
Mr. John Corrigan:
No, just to be clear, as the Comptroller and Auditor General reflected in his opening statement, the portfolio within the NPRF is divided between a discretionary portfolio, which is under the direct control of the board of the fund and for which the board takes responsibility, and a directed portfolio, which was a public policy decision on the direction of the Minister for Finance. The management of the relationship in respect of that shareholding resides in the Department and is the responsibility of the shareholder management unit of the Department.