Oireachtas Joint and Select Committees

Wednesday, 18 January 2023

Joint Oireachtas Committee on Social Protection

General Scheme of the Automatic Enrolment Retirement Savings System Bill 2022: Discussion (Resumed)

Mr. Brendan Kennedy:

It would not necessarily be the State which would have the upfront capital. If the administration of this is being outsourced, then it will be the outsourced entity or entities which would be required to make the capital investment. The charge would then have to be enough for such entity or entities to consider it worthwhile to make that capital investment, and to be reasonably happy that they could recoup it.