The Social Welfare and Pensions (Miscellaneous Provisions) Bill 2013 provided for the establishment of a new unincorporated body called the Pensions Council.
The Pensions Council will comprise:
- a chairperson;
- a representative of the Minister for Social Protection;
- the Pensions Regulator;
- a representative of the Central Bank;
- a representative of the Department for Public Expenditure and Reform;
- and up to 8 other members representing the interests of stakeholders with a particular focus on consumer representation.
The 8 positions will be advertised through the Public Appointments System and will be open to people with experience in the pensions and consumer area. I expect that all members of the Council will have the relevant skills, specialist knowledge, experience or expertise to enable them to carry out their functions under the Pensions Act.