Financial products cost claims

IRISH consumers could be paying as much as €2,000 more than necessary every year on financial products such as mortgages, loans and insurance.

This claim was made yesterday by Fine Gael finance spokesperson Richard Bruton, who also claimed that banks and financial institutions here are making a potential €800 million on the back of what he calls "soft target" customers.

Mr Bruton based his claims on a comparison between the cheapest and most expensive prices on the market.