Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-09-27-Speech-2-250"
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"en.20050927.20.2-250"2
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"Question No. 49 by Mairead McGuinness ()
Will the European Commission address the issue of the lack of consumer protection in the insurance/pension area? The difficulties faced by thousands of EU citizens who invested in Equitable Life, only to find their pension greatly reduced, is a clear example of a failure of the EU to protect its citizens.
With moves to open up banking across borders, how does the European Commission intend to protect its citizens/consumers, given the experience with Equitable Life?
And where problems arise, who will pay compensation to injured parties? This is particularly important in light of efforts to reach agreement on and subsequently implement the proposed Services Directive (2004/0001 (COD)), where there are concerns about the country-of-origin principle and consumer protection."@en1
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"Subject: Protection of consumers with regard to cross-border financial transactions"1
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