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Proceeding contribution from Lord Hunt of Wirral (Conservative) in the House of Lords on Wednesday, 25 January 2006. It occurred during Debate on bill and Committee proceeding on Compensation Bill [HL] 2005-06.


Compensation Bill [HL]

I am grateful to the Minister for those responses. I detect that there is general unanimity in the Committee. We have monitored and expressed concern about a number of practices being pursued against vulnerable people, and the increased stress levels caused by the sort of conduct that we have discussed. That is highlighted by the activities of certain claims management companies. We are all resolved in a determination to ensure that any harm or distress caused to vulnerable people stops now. The Minister recognises my impatience for action to be taken. I shall continue to stress that impatience, because I am very disturbed at some of the stories I hear. I detect that she is willing to find a way to exercise some discipline in the marketplace and some regulation now. Against that background, I very much welcome the assurances that she gave. We have discussed before whether the Competition Commission should have a referral by the OFT of the whole claims management industry. I detect widespread concern now at the way in which the industry has developed. No doubt that will be another debate on another occasion. In the mean time, I beg leave to withdraw the amendment. Amendment, by leave, withdrawn. [Amendments Nos. 95 to 101 not moved.]


Secondary information

Type
Proceeding contribution
Reference
677 c361GC 
Session
2005-06
Chamber / Committee
House of Lords Grand Committee
Subjects
Complaints Compensation Consumers Accountancy Advertising Direct selling Legal profession Finance Fees and charges Insurance Legal opinion Financial Services Authority Protection Professions Negligence Standards Regulation Claims management services Claims Standards Council
Legislation
Compensation Bill (HL) 2005-06
Link
View this Proceeding contribution on www.publications.parliament.uk