Results 3,401-3,420 of 4,810 for speaker:Liam Twomey

Seanad: Voluntary Health Insurance (Amendment) Bill 2007: Committee and Remaining Stages (15 Nov 2007)

Liam Twomey: On the Second Stage debate it became clear that if the VHI has to increase its reserves to 40% it will need to get €140 million before the end of next year. While the Minister says it has the option to use reinsurance, such mechanisms incur costs which will eventually be passed on to the consumer. There is no need for a health insurance company to have reserves equivalent to 40% of its...

Seanad: Voluntary Health Insurance (Amendment) Bill 2007: Committee and Remaining Stages (15 Nov 2007)

Liam Twomey: In respect of that issue, I was not given an answer on Second Stage.

Seanad: Voluntary Health Insurance (Amendment) Bill 2007: Committee and Remaining Stages (15 Nov 2007)

Liam Twomey: At the same time, we should expect a reply at some stage in the legislation. I cannot move an amendment looking for itemised bills from the VHI but it is still very relevant to the legislation about which we are discussing. There is no opportunity have the legislation provide that an itemised bill should be issued to every customer. At the same time as I raised this issue——

Seanad: Voluntary Health Insurance (Amendment) Bill 2007: Committee and Remaining Stages (15 Nov 2007)

Liam Twomey: Another consumer protection issue should also be covered if the Minister is discussing matters with the HIA. I will not raise it here but will possibly raise it with the Minister outside.

Seanad: Pension Provision: Motion (Resumed) (14 Nov 2007)

Liam Twomey: I should have been delighted if the Senator had interrupted me.

Seanad: Pension Provision: Motion (Resumed) (14 Nov 2007)

Liam Twomey: My apologies.

Seanad: Pension Provision: Motion (Resumed) (14 Nov 2007)

Liam Twomey: No.

Seanad: Pension Provision: Motion (Resumed) (14 Nov 2007)

Liam Twomey: All right.

Seanad: Pension Provision: Motion (Resumed) (14 Nov 2007)

Liam Twomey: It is unlikely that, while in Opposition, we will be rolled over and tickled by the Government parties.

Seanad: Pension Provision: Motion (Resumed) (14 Nov 2007)

Liam Twomey: Whenever Ministers want to give everyone a big hug so that we will all work together on an issue, one knows it must be incredibly difficult or the Government is afraid to deal with it because it does not want to take the blame for what is happening. The only people guaranteed to be on a yacht in the Caribbean are the fund managers to whom Senator Ross referred and Ministers. Last week,...

Seanad: Pension Provision: Motion (Resumed) (14 Nov 2007)

Liam Twomey: He was there for too long.

Seanad: Pre-Budget Outlook: Statements (1 Nov 2007)

Liam Twomey: I welcome this new approach to the budgetary process and I hope it will increase the transparency of what happens on budget day. Balancing the public finances is always a difficult task, and the Tánaiste has had particular difficulties in this regard. In the past three budgets tax revenues have been grossly underestimated. In his first year in the Finance portfolio his tax revenue forecast...

Seanad: Housing Market: Statements (31 Oct 2007)

Liam Twomey: The Senator is consistent there as well.

Seanad: Housing Market: Statements (31 Oct 2007)

Liam Twomey: Does the Senator regard prices dropping as moderation?

Seanad: Housing Market: Statements (31 Oct 2007)

Liam Twomey: I hope I am on the record of the House.

Seanad: Markets in Financial Instruments and Miscellaneous Provisions Bill 2007: Committee and Remaining Stages (31 Oct 2007)

Liam Twomey: I am sure it has taken weeks for officials in the Department of Finance to correct this legislation. We, however, are expected to figure out what is involved in 24 hours. It will not be surprising if other difficulties arise in due course, even though we are supposed to have debated the Bill thoroughly. We are in the dark on many aspects of the legislation. It is disturbing to see...

Seanad: Markets in Financial Instruments and Miscellaneous Provisions Bill 2007: Committee and Remaining Stages (31 Oct 2007)

Liam Twomey: There is no compulsion on the banks to publish the notice.

Seanad: Markets in Financial Instruments and Miscellaneous Provisions Bill 2007: Committee and Remaining Stages (31 Oct 2007)

Liam Twomey: If they do not, it does not affect the exemption.

Seanad: Markets in Financial Instruments and Miscellaneous Provisions Bill 2007: Committee and Remaining Stages (31 Oct 2007)

Liam Twomey: If the banks do not bother to publish the notice, there is no effect on the exemption.

Seanad: Markets in Financial Instruments and Miscellaneous Provisions Bill 2007: Committee and Remaining Stages (31 Oct 2007)

Liam Twomey: It is a contradiction. There is a compulsion to publish the notice but if it is not published, it does not matter.