ICTU seeks resignation of pension fund chairman

The Irish Congress of Trade Unions has called on former Elan chief executive Donal Geaney to resign as chairman of the national pension reserve fund.

Earlier today, Mr Geaney resigned from his position at Elan, which is facing a US investigation into its accounting practices and is expected to face a multi-million dollar investment write-off.

ICTU general secretary David Begg said: “Given that the nature of the national pension fund is an investment responsibility, one has to ask is he a suitable, competent person to fill that post. If he wasn't competent to fill the post in Elan, we have to have some doubts about his competence to deal with something of such great importance for the workers of the country.”