65. Deputy Martin Heydon asked the Minister for Finance if his attention has been drawn to a proposal (details supplied) regarding the pension levy; if he has considered same; and if he will make a statement on the matter. (Question 53498/12 asked on 29 Nov 2012)

Minister for Finance (Deputy Michael Noonan)(Deputy Michael Noonan): Officials of my Department and of the Department of Public Expenditure and Reform continue to engage with third-party investors on how investment deals could be structured to facilitate the provision of funding for new infrastructure projects.

With regard to tax-based incentives for investment in the economy, pension fund investments should be executed at a level of return comparable to that earned by other investors accepting the same level of investment risk. I am conscious that there are aspects of such investments, such as maturity, liquidity and risk appetite, that may be of particular concern to pension funds and engagement is continuing with the sector on these issues.