Dáil debates

Wednesday, 25 September 2019

Ceisteanna Eile - Other Questions

Pensions Reform

11:50 am

Photo of Regina DohertyRegina Doherty (Meath East, Fine Gael) | Oireachtas source

One of the things we have not finalised yet is the management of the CPA. That has still to be determined. We are considering some of the suggestions that were made on how we look after that. I want whoever manages it to have the full confidence of both this House and the people who will give it their money. That is probably the most important thing for me to do.

The full-time management team is in my Department. It is not until it becomes a separate body and we determine who will be the ultimate manager of the CPA that a separate agency will be established. It may not end up being a separate agency; it may be a body that is already in existence. Those decisions will be made as per the timetable in the roadmap.

The international experts that we have are from the countries the Deputy can imagine they are from, who are world leaders in this area. It is just to try to help us. We could just copy and paste from somewhere else but it simply would not work. We want to learn from the experiences other countries have had. We have three international experts working with us to make sure that we get something that is suitable for us. There were some difficulties initially when the system was introduced in the UK and I want to make sure that we recognise them before they hit us in order that we plan for them and we can, hopefully, head them off at the pass.

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