Tuesday, 27 May 2014

Questions (147)

Pearse Doherty

Question:

147. Deputy Pearse Doherty asked the Minister for Finance when the merger of the Financial Services Ombudsman and the Pensions Ombudsman will take place; the purpose of this merger; and if he will make a statement on the matter. [23052/14]

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Written answers (Question to Finance)

In April 2013, the Government  decided to amalgamate the Office of the Pensions Ombudsman and the Office of the Financial Services Ombudsman. This decision was taken following a review of the policy decision - taken earlier - to amalgamate both offices. Most replies which were received during the consultation and review process were supportive of the amalgamation. The expertise in both offices will enhance the work of the amalgamated office. Primary legislation will be required to effect the amalgamation. Both the Department of Social Protection and my Department will be involved in the preparatory work and in the drafting of the necessary legislation. A Steering Group consisting of officials from the Department of Social Protection and my Department will be established shortly to progress the work. The Financial Services Ombudsman and the Pensions Ombudsman will be involved during all phases of the work. The topic was discussed at a recent meeting between my officials and the Financial Services Ombudsman Council. The proposed date for enactment of the necessary legislation has not yet been agreed.