Dáil debates

Wednesday, 22 May 2024

Automatic Enrolment Retirement Savings Systems Bill 2024: Report and Final Stages

 

2:25 pm

Photo of Heather HumphreysHeather Humphreys (Cavan-Monaghan, Fine Gael) | Oireachtas source

I move amendment No. 14:

In page 41, line 8, to delete “or qualifying trust RAC” and substitute “, qualifying trust RAC or qualifying PEPP”.

This group of amendments is essentially technical. It puts PEPPs, which are the pan-European personal pension funds, alongside other existing pension products that are available and regulated in Ireland and are relevant to this Bill. Doing so means that workers who already have pension coverage will not be pulled into auto-enrolment. This is relevant to matters such as eligibility, future standard-setting, opting in and internal reviews, among other things. We are just including the PEPPs, so I ask Deputies to support this, please.

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