Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

With regard to the issue of dual pricing, when representatives of the Financial Services and Pensions Ombudsman came before us they were very clear in their opening statement and under questioning that they believed it would be wrong if pricing was not based on risk and if the insurance companies had a pricing factor that was not the same for consumers right across the board, and that the ombudsman would be able to adjudicate on this matter. Is it the case that we could have a tracker mortgage scandal mark 2, whereby a number of complaints being adjudicated by the Financial Services and Pensions Ombudsman with regard to dual pricing could open up a serious problem for the insurance industry because it would have to ban it if the ombudsman came down on the side of the consumer?