Oireachtas Joint and Select Committees
Thursday, 7 November 2019
Joint Oireachtas Committee on Social Protection
Transposition of IORP II Directive: Discussion
Mr. David Harney:
It depends on how the directive is implemented. With regard to the higher figure of €3,000, I mentioned figures that were done in the UK that were £500 to provide additional information and just to set up costs in the first year, and £370 per year thereafter. There is a higher cost if schemes are required to provide full audited accounts where one would have to hire an auditor and so on.
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