Róisín Shortall (Dublin North West, Labour)
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Question 167: To ask the Minister for Finance if he will amend the rules in relation to the compulsory purchase of annuities at retirement. [39553/08]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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I am aware of the difficulties for certain individuals, particularly members of defined contribution schemes, who are retiring in current market conditions and who are required to purchase an annuity on retirement at this time. I am examining this matter and consulting with industry interests to establish the extent of the problem and what, if anything, can be done to alleviate it.