Proceeding contribution from Ian Pearson (Labour) in the House of Commons on Monday, 6 October 2008. It occurred during Debate on bill on Dormant Bank and Building Society Accounts Bill [Lords].
Dormant Bank and Building Society Accounts Bill [Lords]
We are very clear that we want the reclaim fund to be a success. It will be for the reclaim fund to produce its own business plan and to strike the balance that we have discussed between the need to protect the consumer and meet any future claims and the need to distribute money to good causes. It will, as I say, be regulated by the FSA, which will obviously want to look closely to ensure that it is financially solvent.
Secondary information
- Type
- Proceeding contribution
- Reference
- 480 c98-9
- Session
- 2007-08
- Chamber / Committee
- House of Commons chamber
- Subjects
- Charities Assets Bank services Banks Building societies Finance Liability Investment Insolvency Young people Wills Big Lottery Fund Balance Charitable Foundation for Unclaimed Assets National Savings and Investments
- Legislation
- Dormant Bank and Building Society Accounts Bill (HL) 2007-08
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- Timestamp
- 2023-12-16 00:22:59 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_497243
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