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ARTICLE · 14 MAY 2025

FIG Top 5 At 5 - 01/05/2025

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On 15 April 2025, the Financial Services and Pensions Ombudsman (Amendment) Act 2025 ("2025 Act") was signed into law by the President

IrelandFinance and Banking
Matheson LLP
Matheson LLP
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1. FSPO Legislative Updates: (1) Financial Services and Pensions Ombudsman (Amendment) Act 2025 signed into law (2) FSPO Financial Services Industry Levy

1. Financial Services and Pensions Ombudsman (Amendment) Act 2025 signed into law

On 15 April 2025, the Financial Services and Pensions Ombudsman (Amendment) Act 2025 ("2025 Act") was signed into law by the President.

The key aim of the 2025 Act is to strengthen protections for financial consumers by amending the legislation underpinning the Financial Services and Pensions Ombudsman ("FSPO").

Welcoming the passing of the 2025 Act, Minister of State at the Department of Finance, Deputy Robert Troy, stated that the 2025 Act:

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