PQ 183
183. Deputy Pearse Doherty asked the Minister for Finance the reason the levels of compensation or redress with respect to complaints made against a pension provider under subsections 4 and 5 of section 61 of the Financial Services and Pensions Ombudsman Act 2017 are less than that with respect to other financial service providers; the rationale for the provision that redress shall not exceed any actual loss of benefit under the scheme concerned in subsection 5 of section 61; if he or his Department have considered amending this provision; and if he will make a statement on the matter. [4216/22]
Introduced
27 January 2022
Last action
27 January 2022 · Financial Services
Status
written
Sponsors
Pearse Doherty
Subjects
Discovery layer
Source updated
27 January 2022
Summary
183. Deputy Pearse Doherty asked the Minister for Finance the reason the levels of compensation or redress with respect to complaints made against a pension provider under subsections 4 and 5 of section 61 of the Financial Services and Pensions Ombudsman Act 2017 are less than that with respect to other financial service providers; the rationale for the provision that redress shall not exceed any actual loss of benefit under the scheme concerned in subsection 5 of section 61; if he or his Department have considered amending this provision; and if he will make a statement on the matter. [4216/22]
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Timeline
27 January 2022
Financial Services
183. Deputy Pearse Doherty asked the Minister for Finance the reason the levels of compensation or redress with respect to complaints made against a pension provider under subsections 4 and 5 of section 61 of the Financial Services and Pensions Ombudsman Act 2017 are less than that with respect to other financial service providers; the rationale for the provision that redress shall not exceed any actual loss of benefit under the scheme concerned in subsection 5 of section 61; if he or his Department have considered amending this provision; and if he will make a statement on the matter. [4216/22]
Source: written
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Documents
1 official file
Financial Services
Financial Services
xml · EN · 27 January 2022
Sponsors
- Pearse Doherty · Asking member
- Finance · Finance · Addressed to
Related records
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Sources
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- Official source: https://www.oireachtas.ie/en/debates/question/2022-01-27/183/
- Open data entity: https://data.oireachtas.ie/ie/oireachtas/question/2022-01-27/pq_183
- ireland · q-2022-01-27-pq_183 · source updated 27 January 2022