Oireachtas Joint and Select Committees

Thursday, 29 June 2017

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Financial Services and Pensions Ombudsman Bill 2017: Committee Stage

10:00 am

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

It is a convoluted process. I would rather that more of this was funded by the industry. This is a hybrid model, with money provided by the industry and the Exchequer, with the number of complaints having to be worked out to apportion the funding. It is not a clear and clean way for the Minister to budget for an organisation he or she is overseeing. There are two sources of income.

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