Michael McGrath (Cork South Central, Fianna Fail)
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To ask the Minister for Social Protection if, arising from the introduction of the levy on pension schemes, the review into fees charged by pensions providers has been reviewed; and if she will specify the reductions in fees that have been achieved. [44862/12]

Joan Burton (Dublin West, Labour)
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The pension levy is a charge for a temporary period on the assets of pension funds in order to fund the Jobs Initiative introduced in 2011 and is a matter for the Minister for Finance.

In a separate exercise, my Department, together with the Central Bank and the Pensions Board and with the assistance of PricewaterhouseCoopers, has conducted a review of the level of pension charges levied on pension arrangements for the purpose of assessing whether charges are reasonable and transparent. I intend to take this report to Government shortly.