Results 1,481-1,500 of 34,618 for speaker:Seán Fleming

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Issues: Minister of State at the Department of Finance (16 Dec 2020)

Seán Fleming: I want to wait for the Central Bank report. That was a judicious statement by that lady on television the other night. In that market there are winners and losers. The winners are the people who shop around and get the best price. The losers are the people who lose out financially by not shopping around and they probably pay more than they should. We are looking at the option of banning...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Issues: Minister of State at the Department of Finance (16 Dec 2020)

Seán Fleming: In the programme for Government and the action plan produced last week, we gave a commitment to get the Central Bank report and to make a policy decision then rather than ahead of time. I am not saying we cannot look at the matter but there is no commitment to draft legislation in advance of receipt of that report.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Issues: Minister of State at the Department of Finance (16 Dec 2020)

Seán Fleming: I did not say that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Issues: Minister of State at the Department of Finance (16 Dec 2020)

Seán Fleming: The Senator is surmising. When we see the Central Bank report, we will be able to move immediately.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Issues: Minister of State at the Department of Finance (16 Dec 2020)

Seán Fleming: That issue is being dealt with in consultation with An Garda Síochána. Commissioner Harris has indicated that rather than establishing stand-alone operations in each of the 17 divisions, he wants one national approach which will involve training and guidance for police officers in each of the divisions. The structure will be based centrally within An Garda Síochána....

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Issues: Minister of State at the Department of Finance (16 Dec 2020)

Seán Fleming: There is a Cabinet committee on economic development and employment which consists of five Cabinet Ministers chaired by the Tánaiste. It has a subgroup which also includes myself and the Minister of State, Deputy Troy.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Issues: Minister of State at the Department of Finance (16 Dec 2020)

Seán Fleming: It met in July, November and December.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Issues: Minister of State at the Department of Finance (16 Dec 2020)

Seán Fleming: No, it met in July.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Issues: Minister of State at the Department of Finance (16 Dec 2020)

Seán Fleming: We had an informal meeting in July to get it up and running.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Issues: Minister of State at the Department of Finance (16 Dec 2020)

Seán Fleming: Yes. There were informal meetings of the people who are involved.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Issues: Minister of State at the Department of Finance (16 Dec 2020)

Seán Fleming: I will respond briefly now. Deputy Barry asked about insurance. The gross premiums issued in the year in question was €1.4 billion and profit was 10% of that, or €142 million. If the Deputy believes the core of the problem with the insurance industry is the 10% profit, I disagree. The core of the problem lies with the other 90%, the costs, because the number and cost of...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance Issues: Minister of State at the Department of Finance (16 Dec 2020)

Seán Fleming: I will do so, and I will also respond to the Chairman's questions.

Saincheisteanna Tráthúla - Topical Issue Debate: Mortgage Insurance (15 Dec 2020)

Seán Fleming: I thank Deputy Ellis for his remarks. There are some cases where a person getting a mortgage for a house may not require life cover but that does not apply in this case. In some cases it may be purchased with a higher cost. I met representatives of Insurance Ireland today and raised this matter. The meeting was nicely timed because I had notice of the Deputy's matter. They told me...

Saincheisteanna Tráthúla - Topical Issue Debate: Mortgage Insurance (15 Dec 2020)

Seán Fleming: I thank Deputy Ellis for raising the issue, which is obviously a very difficult one for the family concerned that wanted to purchase their own home. While I have an appreciation of the difficulties individuals may find themselves in as a result of the Covid-19 pandemic, neither I, the Minister for Finance, nor the Central Bank of Ireland can interfere in the provision or pricing of insurance...

Seanad: Nithe i dtosach suíonna - Commencement Matters: Credit Unions (15 Dec 2020)

Seán Fleming: I thank both Senators for raising this issue. The Government recognises the important role credit unions play in society as a volunteer co-operative in the area of financial institutions. In the current environment, credit unions are appropriately focusing on the health and well-being of their volunteers and staff, and on continuing to serve the needs of their members. Credit unions are...

Seanad: Nithe i dtosach suíonna - Commencement Matters: Credit Unions (15 Dec 2020)

Seán Fleming: As I already said, the Central Bank is independent in its role but I hope it is aware of this debate and takes it into consideration. It will not change its view on the matter but, at least, it will hear what is being said about it. The various credit unions should contact the Central Bank where they feel they need to make these payments. They can propose a mixture of a small dividend,...

Seanad: Finance Bill 2020: Committee Stage (11 Dec 2020)

Seán Fleming: I thank the Senators for raising this issue. The Minister, the Government and I have been consistent from the beginning. This payment was taxable from the day it was introduced. It always has been. There is a mass misconception about the taxation of the payment, which has always been possible. I hope to put the record straight. People who are not watching this meeting might not get the...

Seanad: Finance Bill 2020: Committee Stage (11 Dec 2020)

Seán Fleming: I wish to make a couple of points. The date of 5 August was mentioned because it was put on a statutory footing, but Senator Sherlock says it should be in the power of the Government to sort this out. Thank God we live in a democracy and the Government cannot do what it likes. It must go to the Dáil and the Seanad to change legislation when it affects people's income. I am worried...

Seanad: Finance Bill 2020: Committee Stage (11 Dec 2020)

Seán Fleming: They are the words she used. She suggested the Government has the power to do this. Thankfully, the Government has no power to do it. Only the Oireachtas has the power and that is why we are here today. We do not have the power. The Government cannot unilaterally change the tax law.

Seanad: Finance Bill 2020: Committee Stage (11 Dec 2020)

Seán Fleming: I will repeat what was said. Senator Sherlock said the Government should have the power to do this and should have done it anyway. Thank God we do not have the power. I do not subscribe to the philosophy that a Minister can sit in Merrion Street and change people's taxation regimes without reference to this House. It is essential that no Government should have the power to do this without...