Seanad debates
Wednesday, 19 June 2024
Automatic Enrolment Retirement Savings System Bill 2024: Committee and Remaining Stages
10:30 am
Heather Humphreys (Cavan-Monaghan, Fine Gael) | Oireachtas source
I thank the Senator. The risk levels are set out in the legislation under section 69. The higher risk rating is 5, 6 and 7. The medium risk rating level is 3 or 4, and the lower risk level is "consisting of AE provider schemes with a risk rating of 1 or 2." The risks are set out with reference to European standards. It is in the legislation and we refer to the European standards.
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