Oireachtas Joint and Select Committees

Wednesday, 10 May 2023

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

General Scheme of the Financial Services and Pensions Ombudsman (Amendment) Bill 2023: Discussion

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

I thank Ms McGovern for that.

Head 7 concerns where the FSPO can accept a complaint against a financial services provider or pension provider that has initiated legal proceedings regarding a matter. It is allowed to accept a complaint where it believes the legal proceedings are being initiated to frustrate the making of the complaint. Could the delegates clarify how the process has worked up to now? Have FSPO proceedings been delayed or frustrated as a result of a financial services provider initiating legal proceedings for the purpose of frustration?

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