Seanad debates

Thursday, 5 March 2009

Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Second Stage (Resumed)

 

1:00 pm

Photo of Martin ManserghMartin Mansergh (Tipperary South, Fianna Fail)

I thank Senators for a very good debate. I am not the Minister for Finance, but I will attempt to reply to the best of my ability to the points raised.

The Fine Gael spokesperson, Senator Twomey, raised the issue of due diligence. If I understand him correctly, he was referring not to due diligence with regard to the banks, which has been dealt with, but with regard to the original purpose of the pension fund, which was to disburse funds from 2025. Am I correct?

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