Michael Noonan (Limerick City, Fine Gael)

Deputy Michael McGrath raised additional issues. From my discussions with the industry, there are no indications of a change in behaviour on the part of people with pension funds, that is, moving their funds out of the country. There is no fear that such a thing will happen. The industry is facing other issues, many of which relate to the marginal rate of tax that would apply to contributions. There are some other less relevant issues. I cannot accept the amendment.

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