Dinny McGinley (Donegal South West, Fine Gael) | Oireachtas source

The issue of a trusteeship will be considered in the context of evolving pension policy and in particular in the context of the Pensions Authority's report arising from the defined contribution consultation process, which the authority launched in August 2013. I expect the report on this consultation to be with the Minister in early autumn.

While acknowledging the Deputy's points, I must stress that the trustees of a pension scheme are required under trust law to act at all times in the best interests of scheme members, irrespective of whether the trustees are appointed under the terms of the trust deed and rules of the pension scheme or whether they are appointed under regulations made under section 62 of the Pensions Act.

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