Dáil debates
Wednesday, 27 May 2009
Finance Bill 2009: Report Stage (Resumed) and Final Stage
5:00 pm
Joan Burton (Dublin West, Labour)
Yes. The taxpayer pays for the tax breaks, but much of that is recovered by the various investment intermediaries because our costs are higher. From the point of view of cost-benefit analysis, selling pensions is a valuable service, but we need to keep the costs down. I will not go into the subject of the Financial Regulator, but our regulatory system has not been up to scratch in this regard.
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