Legal Business

Financial mis-selling in Ireland and the importance of knowing the consumer



John O’Riordan of Dillon Eustace explains what advisers should bear in mind

There has been a significant increase in recent years in the number of claims relating to the alleged mis-selling of financial products to consumers in Ireland. These claims have been varied in their nature but essentially they have a common theme, the sale of an unsuitable financial product to a customer, on the basis of incorrect and/or misleading advice.