Ms Jacqueline Thornton:

For the person who is paying the €20 per week, the point the Senator has hit on very well is the need for advice. The Senator is quite right. If my boiler breaks down I will not fix it, I will call a plumber because they know what they are doing. I would not be any good to fix the boiler. So, we go to a financial adviser who is well versed in this and who looks at all of the different providers, who understands me, who gets to know me and my attitude to risk and my risk profile, and what I am looking to get out of it. The adviser then advises me on the decisions I need to make.