Oireachtas Joint and Select Committees
Wednesday, 22 March 2017
Committee on Public Petitions
Engagement with Financial Services Ombudsman
1:30 pm
Colette Kelleher (Independent) | Oireachtas source
A great number of people experience financial abuse - a much greater number than we think - and that has been uncovered. It is much larger than indicated by the number of individuals who approach the FSO. This has been proven by research. A significant amount of public money is involved in those transactions, particularly things that are transferred through pensions. I am concerned that what Mr. Deering is proposing is quite reactive rather than proactive. He talked about outreach and other measures. As Financial Services Ombudsman, he wants to enhance the financial services environment for everybody. What more can be done?
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