Jim Walsh (Fianna Fail) | Oireachtas source

I will withdraw it in a moment. I am not aware of the latest position regarding the sovereign annuity but I have made a note to check it. If, as is usually the case, it is based on a percentage return, what is the percentage return in this case? It seems that for the vast majority of people, placing their pension pot on deposit would deliver greater value, even if at the current low interest rates, than having it invested and administered by a pensions company. Even if the person dies in the next 20 or 30 years, someone will still benefit from the money paid into the pension.