Skip to main content

Written question asked by Vincent Cable (Liberal Democrat) on Thursday, 26 January 2006, in the House of Commons. It was due for an answer on Monday, 30 January 2006. It was answered by Ivan Lewis (Labour) on Thursday, 2 February 2006 on behalf of the Treasury.


Financial Protection Products

Question
To ask the Chancellor of the Exchequer if he will take steps to examine whether the sale of financial protection products through non-advised channels is compatible with the regulatory requirement to treat customers fairly.
Answer

The Financial Services Authority (FSA) is responsible for the regulatory requirement for financial services firms to treat their customers fairly. The FSA is operationally independent of the Government. I will ask the FSA's chairman, Sir Callum McCarthy, to write to the hon. Member.


Secondary information

Type
Written question
Reference
46896; 442 c739W;442 c739W
Session
2005-06
Subjects
Consumers Financial services Protection Sales Regulation
Link
View this Written question on www.publications.parliament.uk