Oireachtas Joint and Select Committees

Wednesday, 6 February 2013

Joint Oireachtas Committee on Education and Social Protection

Report on Pension Charges: Discussion with Department of Social Protection

1:40 pm

Ms Patricia Murphy:

The point I made earlier is also relevant in that regard. It has been done for PRSAs. Ultimately, the difficulty with fixing a price is that it becomes the actual price and perhaps reduces competition. These are the points that are made in the report. The report also recommends that PRSAs - and how they fared - should be considered in greater detail. That would be helpful. Obviously, however, that would be a decision for the Minister and the Government to make in the context of policy in the future.