18 Ean 2011, 17.25

How the State could accrue substantial economic benefit by better utilising pension schemes will be proposed by the Irish Brokers Association at a meeting of the Oireachtas Social Protection Committee, tomorrow (19th), at 11 am in Committee Room 2 of Leinster House.

The Brokers Association will make an argument for reforms which they believe could harness the resources of pension schemes to better benefit the Irish economy. The organisation has specifically identified;

Building Irish Businesses through private equity investment
Financing Government through investment in Irish national debt
Incentivising infrastructure through long term investment

The purpose of the meeting is to allow the organisation to outline to Committee members how they believe that their proposals could help stimulate the economy and improve infrastructural projects.

The Irish Brokers Association is the premier professional body of Insurance Brokers in Ireland and represents over 700 insurance intermediary offices who are authorised and regulated by the Financial Regulator.

The Committee will also hear from Mr George O’Sullivan who will highlight his concerns about pension selling practices

ENDS
Daniel English
Oireachtas Communications Unit
01 618 4484
087 6949926
daniel.english@oireachtas.ie

Membership of Joint Committee
Jackie Healy-Rae TD, Independent, (Chairman)
Charlie O'Connor TD, Fianna Fáil (Vice-chairman)
Mattie McGrath, TD, Fianna Fáil
Cathrine Byrne TD, Fine Gael
Cyprian Brady TD, Fianna Fáil
Michael McGrath TD, Fianna Fáil
Seymour Crawford TD, Fine Gael
Michael Ring TD, Fine Gael
Róisín Shortall TD, Labour Party
Joe Carey TD, Fine Gael
Thomas Byrne TD, Fianna Fáil
Senator Martin Brady, Fianna Fáil
Senator Larry Butler, Fianna Fail
Senator Ronan Mullen, Independent
Senator Nicky McFadden, Fine Gael