Watchdog warning after woman lost €20,000 in cryptocurrency scam

Fresh warning over the dangers of investing in cryptocurrencies

27% of complaints (1,257) received related to insurance products, with complaints most commonly concerning claim handling or rejection of an insurance claim.

Fresh warnings on the dangers of investing in cryptocurrencies have been issued by Ireland's banking, insurance and investment watchdog.

A new report from the Financial Services and Pensions Ombudsman (FSPO) for 2021 shows the agency handled more than 5,000 complaints relating to banking, insurance and investment which resulted in €7m in settlements last year.