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

Ms MaryRose McGovern:

The Deputy is correct. The definition of investigation under the Act includes mediations and other forms of resolutions that are achieved. Bearing in mind that our closures in 2022 demonstrated that 82% of closures were achieved without even the need to start a formal investigation, it is important to recognise that the lion's share of the work we do does not require formal investigation, let alone a formal oral hearing.

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