The Consumers' Association has welcomed indications from the Minister for Science, Technology and Commerce, Mr Noel Treacy, that full disclosure of insurance brokers' commissions is now on his agenda.

"Once introduced into the life and pensions sector, full disclosure must inevitably cascade into other vitally important sectors such as mortgages, leasing, credit products and investment products like tracker bonds and cash deposits," said Mr Peter Dargan, chairman of the Consumers' Association.

He added that consumers should have the right to look through financial products as if looking through a pane of glass.

Mr Treacy indicated recently that he would make disclosure of commissions mandatory, after suggesting previously that he would not do so.