Dáil debates

Thursday, 20 October 2011

10:30 am

Photo of Shane RossShane Ross (Dublin South, Independent)

I want to remind the Tánaiste - the Taoiseach was reminded on Tuesday - that he has not gone away, you know. He is still here. I want to ask the Tánaiste his reaction to the "Pension Shock" programme which was produced and presented by George Lee on Monday night, and which painted a picture of a few people pillaging the pension funds of this country but also now being joined by the Government in that pillaging. The Taoiseach in response to a question on Tuesday admitted that the enormous amounts being taken out of those funds by the industry could well fund the 0.6% pension levy which the Government has imposed on these members. The Taoiseach stated: "the administration charges imposed by pension funds can absorb the vast majority of the temporary pension levy". Why are we not doing it? Why are we not moving in and saying to the pension fund managers, the industry and the people who are milking this industry, and it is an industry which is------

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