Alan Shatter (Dublin South, Fine Gael)
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Question 28: To ask the Minister for Finance if he plans amendments to the legislation established to provide for an annual investment in the National Pensions Reserve Fund. [38805/08]

Willie Penrose (Longford-Westmeath, Labour)
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Question 48: To ask the Minister for Finance his views on the impact that falls in global equity markets have had on the National Pension Reserve Fund; his views on whether liquidating any of the NPRF's equity holdings while global equity markets were at rock-bottom prices would be unwise; if he will propose modifications to the NPRF's investment guidelines or portfolio make-up; if he will propose legislation in the coming months with respect to a modification of the operation of the NPRF. [38813/08]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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I propose to take Questions Nos. 28 and 48 together.

As the Deputies will be aware, I announced in my Budget speech that I was conducting a review of the National Pensions Reserve Fund in the context of recent economic and fiscal developments. I have asked Mr Maurice O'Connell, former Governor of the Central Bank, to conduct the review and I await his report with interest. As I stated in my Budget speech, any changes requiring legislation will be brought forward in due course.