Seanad debates

Wednesday, 25 June 2008

Older Persons: Statements (Resumed)

 

3:00 pm

Photo of Fidelma Healy EamesFidelma Healy Eames (Fine Gael)

I want to mention the issue of abuse by the financial institutions. Some 10% of the cases coming before the Financial Services Ombudsman, Mr. Joe Meade, are of uncaring, unthoughtful financial institutions selling unsuitable financial products to older persons, for example, the case of a 94 year old woman being sold a six-year bond. I spoke to the Ombudsman's office this morning——

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