Automatic Enrolment Retirement Savings System Act 2024 section 37

Statement of strategy

Section 37 requires the Board of the National Automatic Enrolment Retirement Savings Authority to prepare a statement of strategy every three years and sets out the process for its approval by the Minister.

• The Board must prepare and submit a three-year statement of strategy to the Minister — the first within six months of commencement, and each subsequent one at least three months before the current strategy expires.
• Each strategy must set out the Authority's objectives, intended outputs, resource plans, and how effectiveness will be assessed, and (except for the first) must include a review of the previous strategy's implementation.
• The Minister may approve the strategy as submitted, approve it with modifications, or refuse it and direct the Board to prepare a revised version — and the Authority cannot implement the strategy until it has been approved.
• Once approved, the Minister must lay a copy of the strategy before each House of the Oireachtas, and the Board must publish it on the Authority's website.