Dáil Éireann Debate, Tuesday - 16 April 2013
246. Deputy Alan Farrell asked the Minister for Finance if he has any remit to protect consumers who contribute to savings clubs over a period of 12 months in cases where the company may go into liquidation; and if he will make a statement on the matter. [16300/13]
Amharc ar fhreagraNeither I nor the Central Bank have any role in relation to the supervision of savings clubs. However, I urge consumers to exercise caution when contributing to such clubs over a yearly period. The Deputy may wish to draw his concerns to the attention of the National Consumer Agency. The Agency has responsibility in the area of consumer education.
