Mr. Bernard Sheridan:

Brokers obviously must act in the best interests of the client and they can offer products from entities from which they hold appointments. In general, these are insurance companies throughout the European Union and Ireland. In terms of the safety net, irrespective of which company people use, it essentially is the same. Before one gets the safety net, it is more about whether there is a difference between dealing with a company based in Ireland and one based outside of Ireland, rather than whether people should be told about the safety net if that company fails, because it is based upon where is the risk.

The person is an Irish consumer, so he or she is covered by the insurance compensation fund.