Written question asked by Nick Hawkins (Conservative) on Wednesday, 28 April 1999, in the House of Commons. It was due for an answer on Tuesday, 4 May 1999. It was answered by Patricia Hewitt (Labour) on Tuesday, 4 May 1999 on behalf of the Treasury.

Treasury

Question: To ask Mr Chancellor of the Exchequer, what discussions he has had with the Financial Services Authority and the Personal Investment Authority to ensure that policy-holders surrendering endowment policies are informed of the existence of the traded endowment market.

Answer: Mr. Hawkins: To ask the Chancellor of the Exchequer what discussions he has had with the Financial Services Authority and the Personal Investment Authority to ensure that policy-holders surrendering endowment policies are informed of the existence of the traded endowment market. [83100] Ms Hewitt: None. However, the Treasury keeps under review the case for extending the scope of the Financial Services Act 1986 to include all dealings in traded endowment policies. I am not yet persuaded that the benefits of doing so would outweigh the costs.

Secondary information

Type: Written question
Reference: 83100; 330 c348W;330 c342W
Session: 1998-99
Subjects: Consumers Investment Information Financial Services Authority Financial markets Mortgages Life insurance Personal Investment Authority