Joe McHugh (Donegal North East, Fine Gael)
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156. To ask the Minister for Finance if he will provide an estimate of the total fund in insurance companies with respect to the approved minimum retirement fund; and if he will make a statement on the matter. [1627/14]

Michael Noonan (Limerick City, Fine Gael)
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My Department does not hold estimates of funds under management in insurance companies with respect to the approved minimum retirement fund. I have contacted the Central Bank and they inform me that they also do not maintain estimates of funds under management in insurance companies with respect to the approved minimum retirement fund. I understand that Insurance Ireland are currently collating an estimate of funds under management with respect to the approved minimum retirement fund. When this information becomes available I will send this information directly to the Deputy.