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Ireland · Question · written

PQ 452

498 Mr. Bruton asked the Minister for Finance the reason participants in defined contribution schemes are obliged to invest the residue in an annuity; the further reason a different option of investing in a flexible retirement fund is available to persons with PRSA; and the cost of allowing participants in defined contribution schemes the choice of purchasing an annuity or participating in a fund. [29018/06]

askedIreland· Dáil Éireann· EN

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27 September 2006

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27 September 2006

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498 Mr. Bruton asked the Minister for Finance the reason participants in defined contribution schemes are obliged to invest the residue in an annuity; the further reason a different option of investing in a flexible retirement fund is available to persons with PRSA; and the cost of allowing participants in defined contribution schemes the choice of purchasing an annuity or participating in a fund. [29018/06]

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