Results 4,981-5,000 of 26,433 for speaker:John McGuinness
- Written Answers — Department of Employment Affairs and Social Protection: Illness Benefit Applications (19 Nov 2019)
John McGuinness: 625. To ask the Minister for Employment Affairs and Social Protection if illness benefit will be approved and issued to a person (details supplied). [47450/19]
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages and Differential Pricing in Insurance: Discussion (19 Nov 2019)
John McGuinness: We are dealing with No. 5 on our agenda, which relates to tracker mortgages and differential pricing in insurance. I welcome the Financial Services and Pensions Ombudsman, Mr. Ger Deering, and his colleagues. We will be discussing the final report of the Central Bank on its examination into tracker mortgages and will then deal with the practice of differential pricing in insurance. I wish...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages and Differential Pricing in Insurance: Discussion (19 Nov 2019)
John McGuinness: I thank Mr. Deering and call Deputy Michael McGrath.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages and Differential Pricing in Insurance: Discussion (19 Nov 2019)
John McGuinness: We are running out of time, Deputy.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages and Differential Pricing in Insurance: Discussion (19 Nov 2019)
John McGuinness: Where a negative decision is made against a customer but the decision is overturned later by the Central Bank or whoever else, what does Mr. Deering do about such cases in terms of the office's general examination? How does that inform or change his office's approach to its investigations as lessons are learned from the differences in the outcomes of decisions?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages and Differential Pricing in Insurance: Discussion (19 Nov 2019)
John McGuinness: Yes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages and Differential Pricing in Insurance: Discussion (19 Nov 2019)
John McGuinness: The first decision may be that a party is not part of the process and the ombudsman could later decide that the party is part of it. Mr. Deering must have seen many such cases. Has he seen many cases where there was a difference in the decisions reached? If so, what did he learn from that and what has changed?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages and Differential Pricing in Insurance: Discussion (19 Nov 2019)
John McGuinness: This goes back to the question asked by Deputy Michael McGrath about the different groupings or a basket of cases and so on.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages and Differential Pricing in Insurance: Discussion (19 Nov 2019)
John McGuinness: As the ombudsman reaches a decision in terms of compensation or redress, he is guided by legislation.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages and Differential Pricing in Insurance: Discussion (19 Nov 2019)
John McGuinness: If the ombudsman came across a case that he or she believed deserved way more than €500,000, could there be mediation between the ombudsman and the bank? How would the view of the examination be reflected if the case is exceptional and something else should be done? From some of the stories I have heard, I can imagine there may be such cases.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages and Differential Pricing in Insurance: Discussion (19 Nov 2019)
John McGuinness: Mr. Deering earlier made reference to the BPFI. Does he have much engagement with the federation?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages and Differential Pricing in Insurance: Discussion (19 Nov 2019)
John McGuinness: Is the ombudsman clearly marking out territory in that regard? Is he being soft soaped by banking organisations? I ask this with respect to the office. I have been examining the amount they pay for BPFI membership and one bank disclosed that it pays €125,000 per year. The other banks would not disclose that figure, which is shameful. I will come back to that again when those...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages and Differential Pricing in Insurance: Discussion (19 Nov 2019)
John McGuinness: I ask the question because the public looks to the ombudsman and people have respect for the office. Between the work of this committee, the ombudsman's office and generally what went on with the tracker mortgage issue, we have come to the point where approximately 40,000 cases have been uncovered. There may be more. There are still issues within the banks in respect of tracker mortgages,...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages and Differential Pricing in Insurance: Discussion (19 Nov 2019)
John McGuinness: Exactly. Has the ombudsman received any complaints about building and life insurance? There was a report in the newspapers regarding the EBS. Leaving the name to one side and is it an issue that is generally beginning to emerge in the office? Is it of any significance?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages and Differential Pricing in Insurance: Discussion (19 Nov 2019)
John McGuinness: In that case, the ombudsman would react to a complaint.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages and Differential Pricing in Insurance: Discussion (19 Nov 2019)
John McGuinness: We were dealing with the agents of a certain financial institution selling products. Could a complaint be made by agents about the products or must it come from the customer?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages and Differential Pricing in Insurance: Discussion (19 Nov 2019)
John McGuinness: There is a particular matter that neither the witness nor I would want to get into but the financial institution in question is reluctant to deal with it in spite of the evidence mounting against it. It is something the committee will come back to in due course, but in talking to those involved, I want to make sure that we exercise all of the options open to them as we delve into the problems...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages and Differential Pricing in Insurance: Discussion (19 Nov 2019)
John McGuinness: They are bringing experience-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages and Differential Pricing in Insurance: Discussion (19 Nov 2019)
John McGuinness: -----and Mr. Deering's office is losing the experience.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages and Differential Pricing in Insurance: Discussion (19 Nov 2019)
John McGuinness: Is Mr. Deering's office still taking applications?