The Minister for Finance has welcomed the publication of a report on pension reform by the Interdepartmental Pensions Reform and Taxation Group.
The focus of the report is on supplementary pensions and it provides conclusions and recommendations based on an examination of specific pension matters, while also taking account of stakeholder views.
It seeks to enhance consumer outcomes by improving regulatory oversight and reducing costs. It draws on international experience in its research and reviews the current and planned domestic pension environment.
The report also acknowledges the importance of further engagement with stakeholders to inform the next phase of this work, including the need for transitional arrangements in some areas.
Minister Paschal Donohoe said the report should help advance the goal of simplifying the supplementary pension landscape.
"In essence, this work represents a building block for a significant piece of long-term structural reform in the area of supplementary pension provision. It will inform this debate and future policy making which will in turn have wider, longer-term socio economic and fiscal benefits," he said.
