Dáil Éireann Debate, Tuesday - 17 January 2017
553. Deputy Clare Daly asked the Minister for Social Protection if he will bring forward legislation requiring that the services to wind up a pension scheme would be put out to tender rather than awarded to the company that had been advising the scheme in the first place. [41354/16]
Amharc ar fhreagraThe Pensions Act requires that trustees of pension schemes carry out the duties imposed on them by all law, including the Pensions Act.
The management and day to day operation of a pension scheme is the sole responsibility of the trustees of that scheme. Similarly the manner of winding up a pension scheme is a matter for the trustees and all issues relating to the administration of the wind-up such as the engagement of service providers are ultimately a matter for them.
I have no plans to bring forward legislation to affect the process of administration of the wind-up of a scheme by trustees in the manner proposed by the Deputy.
I hope this clarifies the matter for the Deputy.
