Legislation introduces the Right to be Forgotten to protect cancer survivors in financial activities such as mortgage protection. The Cabinet has agreed to expedite the Central Bank (Amendment) Bill 2025, emphasizing the need for fair treatment of cancer survivors. A 2022 report indicated that only 25% of cancer survivors felt treated fairly in financial product access. The insurance industry has adhered to a voluntary code, resulting in improved access to mortgage protection for cancer survivors without added costs, reflecting positive outcomes from government and industry collaboration.
The legislation aims to ensure that people who have survived cancer are not penalised for their past health experiences when trying to buy a home or other financial activities.
The move follows what the Government said was positive progress with a voluntary code of practice on the issue, introduced in 2023, by the insurance sector.
A report from Forvis Mazars, on behalf of Insurance Ireland, found that more cancer survivors have access to mortgage protection without increased cost than prior to the introduction of the code.
We found that only one in four cancer survivors felt they were treated fairly when buying financial products.
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