Heather Humphreys (Cavan-Monaghan, Fine Gael) | Oireachtas source

I move amendment No. 11:

In page 35, lines 3 to 6, to delete all words from and including “The” in line 3 down to and including line 6 and substitute the following: “The Authority shall publish on a website maintained by or on behalf of the Authority—

(a) aggregate statistical data relating to participation in the automatic enrolment retirement savings system,

(b) statistical data relating to the types of investments held by AE provider schemes,

and

(c) such other statistical information as may be prescribed.”.

This amendment was sought by Deputy Ó Cathasaigh on Committee State. I referred it to the OPC to consider how it might be accommodated within the Bill. The amendment brings transparency to the types of investment held by the authority. To reflect the policy, the amendment inserts a new subsection (b) which requires NAERSA to produce statistical data on the types of investments held by the investment management providers. While NAERSA will be mandated to act in the best interests of participants in its reporting obligations, it will be obliged to operate with full transparency in terms of the investments it is making on behalf of contributing workers. I ask Deputies to support the amendment.

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