Financial speak too complicated - IFSRA
11/05/2004 - 17:47:30Written information on financial products are too complicated and difficult to understand.
More than three quarters of responses to a survey conducted by the Irish Financial Services Regulatory Authority (IFSRA) said that this was the case.
The results also showed that 63% of consumers do not shop around because they do not fully understand what they should look for, while 80% of consumers find it hard to get truly independent information on financial products and services.
More than nine out of ten (92%) consumers said they would read more information on financial products if it was written in plain English.
