Automatic Enrolment Retirement Savings System Act 2024

Annual report

40. (1) The Authority shall, not later than 30 June in each year, prepare and submit to the Minister an annual report in writing on the performance of its functions during the preceding year.

(2) Notwithstanding subsection (1), if, but for this subsection, the first annual report under this section would relate to a period of less than 6 months, the report shall relate to that period and to the year immediately following that period and shall be made as soon as may be, but not later than 6 months after the end of that year.

(3) An annual report shall include—

(a) a statement on the activities undertaken by the Authority,

(b) a general report on the complaints and reviews received by the Authority during the period concerned indicating—

(i) the total number of complaints received,

(ii) the total number of reviews and appeals received under Part 8 ,

(iii) the nature of the complaints, reviews and appeals received, and

(iv) the outcome of any investigations into the complaints, reviews and appeals,

(c) a review of the performance of the AE provider schemes over—

(i) the 5 preceding calendar years,

(ii) the 10 preceding calendar years, and

(iii) any other periods of such duration as may be determined by the Board,

and

(d) any other particulars that the Authority considers appropriate or as the Minister may direct.

(4) The Minister shall, as soon as may be after receiving the annual report, cause copies of the annual report to be laid before each House of the Oireachtas.

(5) The Authority shall arrange for an annual report to be published, on a website maintained by or on behalf of the Authority or in any other manner as the Minister may specify, as soon as is practicable after copies of the report are laid before each House of the Oireachtas.