Oireachtas Joint and Select Committees
Wednesday, 5 March 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Bi-annual Review 2013: Financial Services Ombudsman
2:50 pm
Mr. William Prasifka:
No. Payment protection is largely income protection. In this regard, we are seeing a different dynamic. Complaints regarding payment protection spiked a year ago and have been reducing since then. We do not see payment protection insurance claims being the type of long-term issue that the mortgage arrears issue will be.