Peadar Tóibín (Meath West, Sinn Fein)
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Question 68: To ask the Minister for Finance his view on whether the cost of the pension levy should not be passed on to savers by their pension fund managers; and the steps he will take to ensure that this does not happen. [14233/11]

Michael Noonan (Limerick City, Fine Gael)
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I take the view that there is scope for the pension fund industry to absorb the impact of the temporary pension scheme levy by way of a reduction in the fees and charges made on those schemes. I have made that clear in this House and I have conveyed that view to representatives of the pension fund industry at face-to-face meetings. I have also written to the main representative organisations of the industry in this matter and I am awaiting a response from them.