Oireachtas Joint and Select Committees

Thursday, 27 October 2016

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

General Scheme of Financial Services and Pensions Ombudsman Bill 2016 and Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014: Discussion

9:30 am

Mr. Ger Deering:

My understanding is that a person probably does not have recourse through the courts because of the Statute of Limitations. He or she is probably not going to be able to do anything in them. Recourse might be possible if this legislation is enacted and made retrospective enabling endowment policies to be covered, depending on what stage they were at.