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Government forced to lift ban on Premium Bond investment

national | consumer issues | other press

Thursday August 07, 2008 11:07

by Gombeen Man

Report this post to the editors

European Commission acts on complaint by Irish woman.

The Irish Government has been forced to amend its Lottery and Gaming Act, which banned Irish citizens from buying prize bond-type investments in other EU countries. The complainant did so on the basis that the schemes, such as Britain's premium bonds, are a form of State-guaranteed savings in which money is invested and not gambled. The Irish Government will amend the legislation this month.

More details on link below.

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