Oireachtas Joint and Select Committees

Thursday, 29 June 2017

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Financial Services and Pensions Ombudsman Bill 2017: Committee Stage

10:00 am

Photo of Michael D'ArcyMichael D'Arcy (Wexford, Fine Gael)
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The FSO is currently funded by the industry but the Pensions Service Ombudsman is funded by the State. We do not have the option to subdivide expenditure. As a result this section applies. What the Deputy says would be correct if there was not going to be a delegated sanction similar to that of other agencies. If the body is within the delegated sanction, it will not require ministerial consent but if it goes beyond that in line with other agencies such as the Irish Fiscal Advisory Council or the HSE, the same rule applies to it. I cannot go beyond that. It is governed by the same rule as everybody else within the public sector.