Results 641-660 of 1,024,345 for in 'Dáil debates' OR speaker:Matt Carthy in 'Committee meetings'

Automatic Enrolment Retirement Savings Systems Bill 2024: Report and Final Stages (22 May 2024)

Marc Ó Cathasaigh: The first thing to say is that the Minister is as good as her word. She promised to take four of my amendments back to the Office of the Parliamentary Counsel. They have returned to the House this evening as three amendments but all four are captured. I thank the Minister for that. It is unusual and rewarding as a Government backbencher when a Minister engages constructively with the...

Automatic Enrolment Retirement Savings Systems Bill 2024: Report and Final Stages (22 May 2024)

Seán Sherlock: I looked at the amendment. Forgive me if I am being a little pedantic. It is just to seek clarity. It states, "aggregate statistical data relating to participation in the automatic enrolment retirement savings system". That is fine and self-evident. It also states, "statistical data relating to the types of investments held by AE provider schemes". To me, that reads like you can have...

Automatic Enrolment Retirement Savings Systems Bill 2024: Report and Final Stages (22 May 2024)

Heather Humphreys: The website will clearly state where the investments are made. We do not want to lose the point here. This is not State funding or State money. This is the money of the members and they have a right to know where it is going. For that reason, we are going to make sure that NAERSA produces data on the types of investment held by the investment management providers. It will ensure that...

Automatic Enrolment Retirement Savings Systems Bill 2024: Report and Final Stages (22 May 2024)

Amendment agreed to.

Automatic Enrolment Retirement Savings Systems Bill 2024: Report and Final Stages (22 May 2024)

Pádraig O'Sullivan: Amendments Nos. 12, 23, 30 to 32, inclusive, 34 and 35 are related and may be discussed together.

Automatic Enrolment Retirement Savings Systems Bill 2024: Report and Final Stages (22 May 2024)

Heather Humphreys: I move amendment No. 12: In page 35, line 37, to delete “the website” and substitute “a website maintained by or on behalf”. This group of amendments has been identified by the Office of the Parliamentary Counsel and are once again primarily of a technical nature. In the main, they relate to standardising the wording associated with how NAERSA will specify...

Automatic Enrolment Retirement Savings Systems Bill 2024: Report and Final Stages (22 May 2024)

Amendment agreed to.

Automatic Enrolment Retirement Savings Systems Bill 2024: Report and Final Stages (22 May 2024)

Heather Humphreys: I move amendment No. 13: In page 38, to delete line 30.

Automatic Enrolment Retirement Savings Systems Bill 2024: Report and Final Stages (22 May 2024)

Amendment agreed to.

Automatic Enrolment Retirement Savings Systems Bill 2024: Report and Final Stages (22 May 2024)

Pádraig O'Sullivan: Amendments Nos. 14 to 21, inclusive, and 36 to 38, inclusive, are related and may be discussed together.

Automatic Enrolment Retirement Savings Systems Bill 2024: Report and Final Stages (22 May 2024)

Heather Humphreys: 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...

Automatic Enrolment Retirement Savings Systems Bill 2024: Report and Final Stages (22 May 2024)

Amendment agreed to.

Automatic Enrolment Retirement Savings Systems Bill 2024: Report and Final Stages (22 May 2024)

Heather Humphreys: I move amendment No. 15: In page 41, line 17, to delete “or qualifying trust RAC” and substitute “, qualifying trust RAC or qualifying PEPP”.

Automatic Enrolment Retirement Savings Systems Bill 2024: Report and Final Stages (22 May 2024)

Amendment agreed to.

Automatic Enrolment Retirement Savings Systems Bill 2024: Report and Final Stages (22 May 2024)

Heather Humphreys: I move amendment No. 16: In page 41, between lines 34 and 35, to insert the following: “(7) For the purpose of this section, a “qualifying PEPP” means— (a) if standards in relation to PEPPs apply for the purposes of this section under regulations made under section 52, a PEPP which meets those standards, or (b) in any other case, any PEPP.”.

Automatic Enrolment Retirement Savings Systems Bill 2024: Report and Final Stages (22 May 2024)

Amendment agreed to.

Automatic Enrolment Retirement Savings Systems Bill 2024: Report and Final Stages (22 May 2024)

Heather Humphreys: I move amendment No. 17: In page 41, line 36, to delete “the Pensions Act 1990.” and substitute “the Pensions Act 1990, and “PEPP” has the same meaning as in Regulation (EU) No. 2019/1238 of the European Parliament and Council of 20 June 2019.”.

Automatic Enrolment Retirement Savings Systems Bill 2024: Report and Final Stages (22 May 2024)

Amendment agreed to.

Automatic Enrolment Retirement Savings Systems Bill 2024: Report and Final Stages (22 May 2024)

Seán Sherlock: I accept that the Minister is not accepting the amendment and I will not delay the House too long on that matter. The Minister's position is very clear. I have found some comfort in her words in respect of the required skill set. There is a tried and tested formula in legislative matters like this where it absolutely affects workers and their livelihoods. There is plenty of precedent, as...

Automatic Enrolment Retirement Savings Systems Bill 2024: Report and Final Stages (22 May 2024)

Donnchadh Ó Laoghaire: I do not understand the Department's objection to this because it seems to be a departure from prior policy. Apart from the fact that predecessors of the pension board would have had representatives in this arena, the fiduciary duties and responsibility to board are a red herring. Ultimately, once anyone who is nominated by an appropriate nominating body goes on a board, their...