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Regulation of Financial Services (Land Transactions) Bill

I cannot comment on individual cases: it depends on the circumstances. Most older people are perfectly able and sufficiently lucid to make judgments about what they want to do with their assets. Obviously, if financial advisers or others are seeking to exploit and abuse these situations, it is right to ensure that we have a level of regulation that is appropriate in the circumstances. From that point of view, I welcome the hon. Gentleman’s intervention. He makes the point that FSA regulation would give enhanced protection. That is important. As I said, there is a consensus that this is appropriate, not excessive, regulation.