Sean Barrett (Independent) | Oireachtas source

When a sector is experiencing the problems detailed by the Minister before the vote, is there a question of a need to update the guidelines for trustees? The sector is in trouble and the version in the 2010 Pensions Board document has provision for pension scheme trustees. Does this need to be made more radical? For example, should we firmly shut the door on what I regarded at the time as irresponsible early retirement schemes? Were people too flaithiúlach with the funds and hence they are coming to the Minister now to look for a bailout? There is a principle raised in the amendment. When any sector gets into trouble - there have been three or four examples of this in the financial services sector - should we consider the guidance given to trustees rather than ending up in today's position, with a bailout being requested?