Sheila Terry (Fine Gael)

I wish to reiterate my disappointment that the Minister is not accepting any of the three amendments. I thought that, at least, he could take on board amendment No. 3, which states:

All advertising carried out by or on behalf of pension providers shall include a warning (of equal prominence as the substance of the advert) alerting consumers of the risks, fees and all charges associated with taking out and maintaining a pension.

Banks do that, although I am not sure if they are obliged to do so. However, it is something the pensions industry should be doing as a matter of course. The Minister is extending money to the Pensions Board for its public awareness campaign, which covers the promotion of pensions. Some of that money should also be spent on alerting people to the risks associated with taking out occupational pension schemes, especially the defined contribution schemes. That is the least the Minister could have accepted.