376. Deputy Michael Lowry asked the Minister for Finance if his attention has been drawn to the current issue business owners face concerning their single-member scheme, personal retirement savings accounts; if his attention has been drawn to the fact that currently the Pensions Authority regulator is warning business owners they will face prosecution if they continue using their current pension schemes as under IORP II governance rules from 1 July 2022 and that their old single-member schemes are no longer compliant with guidelines; the alternative that will be put in place by the Government to assist these business owners; and if he will make a statement on the matter. [42873/22]

Summary

376. Deputy Michael Lowry asked the Minister for Finance if his attention has been drawn to the current issue business owners face concerning their single-member scheme, personal retirement savings accounts; if his attention has been drawn to the fact that currently the Pensions Authority regulator is warning business owners they will face prosecution if they continue using their current pension schemes as under IORP II governance rules from 1 July 2022 and that their old single-member schemes are no longer compliant with guidelines; the alternative that will be put in place by the Government to assist these business owners; and if he will make a statement on the matter. [42873/22]

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• Pension Provisions

  xml · EN · 8 September 2022

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