Shane Ross (Independent)

I support the call made by Senators Brian Hayes and Ryan for a debate on what is a rapidly approaching crisis in the pensions industry. A pensions Bill was debated and amended by the previous Seanad. It has now been overtaken by events and we are heading for circumstances in which people's expectations will simply not be met. It should be pointed out that the industry is not run for the benefit of pensioners, who are the last who benefit from it, but for those who are parasites. They have their hands in the pie—