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

Photo of Joanna TuffyJoanna Tuffy (Dublin Mid West, Labour)
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I wish to ask a couple of questions. If the pension levy were being treated as though it were a charge on individuals who are paying into a pension fund, would that be appropriate or legal? A great deal of our interaction in respect of this matter is with pensioners or people who are paying into pension funds rather than with those in the industry. Ms Murphy referred to surveys of trustees, etc. Has the Department consulted individual customers? Were such customers involved in the subsequent consultation process? In the context of State agencies such as the ESB, could more be done to ensure that people who pay into their pension funds are not being overcharged and that these funds are being properly run? The State has a role in respect of those agencies.