Automatic Enrolment Retirement Savings System Bill 2024: Committee and Remaining Stages
Seanad Éireann — 2024-06-19
============================================================

Heather Humphreys (FG), Cavan-Monaghan

I do not propose to accept these amendments. Amendment No. 7 would prevent the authority from arranging for the investment of contributions with procured commercial investment management providers. Part 4 of the Bill provides considerable detail about how the new authority will engage with external investment management providers with a range of appropriate safeguards to ensure that participants' funds are protected and are invested well.
It is not feasible that the new authority would not contract with commercial providers for this service or that it would undertake this work itself.
On the second amendment, it is already in the Bill. Section 103 of the Bill as it stands provides for communications and services other than online. Therefore the legislation already qualifies the digital-by-default manner in which services are delivered along the lines suggested by the Senator.

---

Source: Houses of the Oireachtas. Licensed under CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/). The Official Report is revised after first publication; the fetch timestamp below identifies the version quoted.

Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/seanad/2024-06-19/debate/main
Retrieved: 2026-08-14T04:53:05+00:00
Sitting date: 2024-06-19