Shane Moynihan (Dublin Mid West, Fianna Fail)
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390. To ask the Minister for Finance the implementation plans for the recommendations in the Funds Review Report that was published in 2024. [29072/25]

Paschal Donohoe (Dublin Central, Fine Gael)
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As you are aware, in October 2024 my predecessor published “Funds Sector 2030: A Framework for Open, Resilient & Developing Markets.” That report set out 42 recommendations to cement Ireland’s position as a leading global hub for funds and asset management.

Under the 2025 Programme for Government, we have committed to progress and publish an implementation plan taking into consideration the Funds Review recommendations to unlock retail investment and opportunities to grow this sector in Ireland. Certain recommendations have already been delivered and many others are in progress or and under active consideration.

Recommendations 22 and 23 of the Funds Review Report include consideration of the removal of the eight-year deemed disposal requirement for Irish domiciled funds and life products and alignment of tax rates across different investment choices. Officials in my Department are actively considering the recommendations, and given the magnitude of proposed change, it is likely that the associated tax measures will roll out over multiple Finance Bill cycles, ensuring each step is properly considered. Any measures undertaken will be informed by evolving EU priorities, notably the proposed Savings and Investments Union.