359. Deputy Michael Creed asked the Minister for Finance if his attention has been drawn to the implications of a recent decision by the Pensions Authority to suspend the provision of one member pensions and the implications that this has for consumers given the fact that there are no suitable alternative savings vehicles yet in place; if he will consider extending the deadline for compliance with the IORP 11 for these schemes for six months from 1 July to 1 January 2023 given the circumstances; if he will allow time for proposed changes to be made to the PRSA referenced in the report of the Interdepartmental Pensions Reform and Taxation Group in November 2020; and if he will make a statement on the matter. [40347/22]

Summary

359. Deputy Michael Creed asked the Minister for Finance if his attention has been drawn to the implications of a recent decision by the Pensions Authority to suspend the provision of one member pensions and the implications that this has for consumers given the fact that there are no suitable alternative savings vehicles yet in place; if he will consider extending the deadline for compliance with the IORP 11 for these schemes for six months from 1 July to 1 January 2023 given the circumstances; if he will allow time for proposed changes to be made to the PRSA referenced in the report of the Interdepartmental Pensions Reform and Taxation Group in November 2020; and if he will make a statement on the matter. [40347/22]

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