Written answers
Wednesday, 25 February 2009
Department of Finance
Financial Institutions Support Scheme
11:00 pm
Eamon Gilmore (Dún Laoghaire, Labour)
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Question 122: To ask the Minister for Finance if a category of saving product (details supplied) is covered by the State guarantee. [7765/09]
Brian Lenihan Jnr (Dublin West, Fianna Fail)
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The product in question is not covered by the Bank Guarantee Scheme. It is not a deposit product; returns are based on movements in the equity market and investors are not entitled to compensation for any losses incurred.
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