Aengus Ó Snodaigh (Dublin South Central, Sinn Fein)

Does this change the impact on existing schemes? Do schemes already in place have to retrospectively increase their reserve? Or is it just for future schemes? Even though the Minister said that it may only apply to very few pension products available in Ireland, have we any idea what kind of impact this will have? Will it impact negatively? It will impact positively in some ways because there is a greater reserve. Is there any danger that if this is to be imposed on existing schemes in Ireland, it will cause them financial problems?

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