Joan Burton (Dublin West, Labour)
Link to this: Individually | In context

Question 561: To ask the Minister for Social and Family Affairs the legal position of the estate of an annuity holder upon that annuity holder's death; if the full outstanding value of the of the annuity accrues to the estate; if not, the reason for same; the way the framework for annuity holders here differs in this respect from those pertaining in other countries; and if she will make a statement on the matter. [12424/10]

Mary Hanafin (Dún Laoghaire, Fianna Fail)
Link to this: Individually | In context

The Pensions Act, 1990 as amended, provides for the regulation of supplementary pension schemes. An annuity is a financial product which provides for the payment of a pension for a set period or for life and is not regulated by the Pensions Act. The regulation of annuities is a matter for the Minister for Finance.