Seanad debates
Wednesday, 25 June 2008
Older Persons: Statements (Resumed)
3:00 pm
Fidelma 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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