Up until last month – if anyone wanted to complain to the Financial Services Ombudsman (FSO) about the conduct of a financial institution – there was a strict 6 year time limit in place. If someone had a problem with things like Insurance , PPI or a Mortgages , if the product was sold to […]
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Refunds
Six Year Limit on PPI Complaints Needs to Be Changed
Concern about the mis-selling of Payment Protection Insurance and other financial products is increasing. The number of complaints to the Financial Services Ombudsman has risen dramatically in the past year – but they are still on a much smaller scale than in the UK. In the last 6 months of 2012 the Financial Services Ombudsman […]
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Payment Protection Insurance Investigation – the Latest
Back in July 2012 the Central Bank announced that 7 firms in Ireland were being told to review all their PPI sales since 2007. It did not name the firms at the time. Today the Central Bank of Ireland has named 6 of the 7 involved in the review of possible mis-selling : They are […]
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Seven Irish firms Ordered to Review PPI Sales
The Irish Central Bank today released the findings of its latest inspections of the sale of Payment Protection Insurance (PPI). As as a result, the Central Bank is requiring all of the the seven firms inspected to carry out a comprehensive review of all their PPI sales from August 2007 onwards. The review is to […]
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Charges and Refunds When Cancelling Health Insurance
One of the “luxuries” that many people are deciding to do without is health insurance. Premiums have risen in recent years and many families can no longer afford it or don’t see health insurance as good value for money. Switching health insurers has also become more common as people try to reduce costs. Will you […]
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