§ Mr. CousinsTo ask the Secretary of State for Trade and Industry what steps he is taking to make consumers aware of the limitations of life insurance companies liability for their tied intermediaries.
§ Mr. RedwoodThese are matters for the Securities and Investments Board (SIB) and the other regulatory authorities under the Financial Services Act. LAUTRO (Life Assurance and Unit Trust Regulatory Organisation) has recently introduced new rules in this area. Also, the SIB are currently undertaking a major review of the regulation of the retail investment sector.