Oireachtas Joint and Select Committees

Thursday, 29 June 2017

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Financial Services and Pensions Ombudsman Bill 2017: Committee Stage

10:00 am

Photo of Michael D'ArcyMichael D'Arcy (Wexford, Fine Gael)
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As the Deputy will be well aware as he has been shadowing the finance brief for four or five years, there is an incredible crossover in the financial products that are available and because of this and the methods by which people are investing those products in pensions, the belief is that if a single person was in charge of both financial services and pensions, the office would have a greater overview rather than them being sectionalised or marginalised in one area. If there is a concern that something is in the wrong area, it is appropriate that there would be one individual over both areas.