Clare Daly (Dublin Fingal, Independent)
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643. To ask the Minister for Employment Affairs and Social Protection the information in her possession in terms of the Pensions Authority investigation of a company's (details supplied) second supplementary fund wind up; when it is likely to be completed; and if she will make a statement on the matter. [50020/17]

Regina Doherty (Meath East, Fine Gael)
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Scheme trustees have duties and responsibilities under trust law, under other relevant legislation and under the Pensions Act, 1990, as amended. The duties of pension scheme trustees include administering the trust in accordance with the law and the terms of the trust deed and rules. Consequently any decisions made by corporate or individual trustees of an occupational pension scheme are governed by the relevant legislation. The provisions of the Pensions Act are enforced through the supervision of the Pensions Authority.

I have previously confirmed to the Deputy that the matter relating to this particular scheme has been raised by my Department with the Pensions Authority. The Pensions Authority is examining the matter to assess if there has been a breach of obligations and take any necessary action.

Although the Pensions Authority is under the aegis of my Department, it regulates pension schemes entirely independently of my Department. Therefore, I am not in a position to comment on the matter, the process or the length of time it will take.

Scheme members or Deputies are welcome to address queries about the investigation into this scheme directly to the Pensions Authority.

I hope that this clarifies the matter for the Deputy.