State Savings Schemes
Dail Éireann — 2026-06-25
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Pearse Doherty (SF), Donegal

That was not the consultation that was under review at that time. To tell the Minister the God’s honest truth, we know very little because we are still in the dark in relation to what this scheme is going to look like. We are told it is going to be announced on budget day. There has been no consultation with the public. There has been consultation with stakeholders, other groups, with very wealthy asset managers and so on. The Minister has had extensive meetings with asset managers, wealth managers, financial planners, digital platforms, banks and insurance firms but there has been no real engagement with the public. This is concerning, given that this is going to be a major scheme that will impact the public. We know from media reports that, for example, the largest asset management firm in the world, BlackRock, has had extensive meetings with the Department and Ministers. That type of extensive lobbying behind the scenes by some of the largest financial companies in the world raises legitimate questions about whether the public interest is being served. Why has there been no time for a public consultation when discussions have been going on behind closed doors with powerful financial interests for three years now, as we have learned from media reports?

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2026-06-25/debate/main
Retrieved: 2026-08-27T06:54:51+00:00
Sitting date: 2026-06-25