Dan Boyle (Cork South Central, Green Party)
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Question 91: To ask the Minister for Enterprise, Trade and Employment the reason he has failed to provide consumer protection guidelines for income continuance schemes as recommended by the 2003 Pensions Board Report; and the measures he intends to take to provide adequate employees covered by the scheme with adequate information and protection regarding the schemes. [18467/06]

Michael Ahern (Cork East, Fianna Fail)
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The Deputy's question refers to income continuance plans which are insurance products offered by insurance companies.

Since the establishment of the Irish Financial Services Regulatory Authority (IFSRA) under the Central Bank and Financial Services Authority of Ireland Act, 2003, insurance companies and their products are regulated by IFSRA. The Central Bank and Financial Services Authority of Ireland Act 2004 Act created a statutory financial services ombudsman for consumers. Consultative consumer and industry panels have also been appointed where matters of policy and practice are discussed. My Department has no responsibility for this matter.