Michael McGrath (Cork South Central, Fianna Fail)
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I thank the Minister for his reply and recognise the good reasons he needs to restrict this type of access to pensions. However, he tweaked the access to AVCs without the need for changes to be made to pension scheme rules or trust deeds. Is that change acting as an obstacle to persons wishing to access their AVCs? Is there an uplift in the level of activity in this area? On current trends, the Minister will fall short of the expected €200 million over three years.