CLOSED CASE - Last updated 24/07/2015
On 15 October 1999, the Central Bank of Ireland made a determination under the Investor Compensation Act, 1998 (the Act) that Andrew Casey trading as Andrew Casey Life and Pensions was unable to meet its obligations and an administrator for the purposes of the Act was appointed.
9 claims were submitted for compensation following the failure of Andrew Casey in 1999. Total compensation paid, in respect of 9 claims which were considered by the Administrator, amounted to €20,000. In accordance with Section 36 of the Investor Compensation Act, 1998 (the Act), an amount of €15,200 was reimbursed by one of the product producers with which Andrew Casey held a written appointment.