Early day motion tabled by primary sponsor Paddy Tipping (Labour), on Monday, 26 November 2001, in the House of Commons. It is signed by 102 members in total.

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RAISING STANDARDS INITIATIVE AND CO-OPERATIVE INSURANCE SOCIETY

That this House welcomes the Raising Standards Initiative, a voluntary scheme launched by the financial services industry with the support of the Association of British Insurers that aims to promote customer understanding and awareness of financial products; notes that companies participating in this initiative will be assessed against minimum standard benchmarks set by an independent body, the Pensions Protection & Investments Accreditation Board; welcomes the fact that fifty financial services providers support the initiative; notes that the Co-operative Insurance Society (CIS), Norwich Union, Scottish Equitable, Scottish Widows and UNUM were awarded the Raising Standards Quality Mark in the first wave of accreditation on 16th October; and commends the CIS which has pledged to go beyond these minimum standards by sharing its experiences with other financial services providers so that more can gain accreditation and for engaging with consumers and other stakeholders to build trust in the financial services industry.

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Secondary information

Type

Early day motion

Reference

473 

Session

2001-02

Subjects

Financial services Standards

Link

View this Early day motion on www.parliament.uk