Dáil Éireann Debate, Tuesday - 16 October 2012
359. Deputy Michael McGrath asked the Minister for Social Protection if, arising from the introduction of the levy on pension schemes, the review into fees charged by pensions providers has been reviewed; and if she will specify the reductions in fees that have been achieved. [44862/12]
View answerThe pension levy is a charge for a temporary period on the assets of pension funds in order to fund the Jobs Initiative introduced in 2011 and is a matter for the Minister for Finance.
In a separate exercise, my Department, together with the Central Bank and the Pensions Board and with the assistance of PricewaterhouseCoopers, has conducted a review of the level of pension charges levied on pension arrangements for the purpose of assessing whether charges are reasonable and transparent. I intend to take this report to Government shortly.
