Darragh O'Brien (Fianna Fail)

I was glad of the Minister of State's clarification on the maximum charge being 0.6% of the assets of a fund. I want to put to bed this idea that in all instances this 0.6% is a small charge and a small imposition. Is it correct that based on the 0.6% charge on an average pension fund of someone who has been contributing to a fund for 30 years plus, he or she could be looking at up to a 9% reduction in retirement values and retirement pension? The charge of 0.6% seems tiny and the Minister of State may say that one can carry that, but I refer to the overall context. For someone who has paid right the way through - I am not going back over the argument - I want him to clarify for the House that it is not merely 0.6% for someone who is nearing or at retirement. I am sure the Minister of State's officials have tables. Could he tell me, based on the average pension fund, the average reduction to a person's retirement annuity? It certainly will be a damn sight more than 0.6%.