HC Deb 08 November 2000 vol 356 c273W
Mr. Ian Stewart

To ask the Chancellor of the Exchequer if he will make a statement on the establishment of a voluntary code for the Financial Services Review Group. [137678]

Miss Melanie Johnson

I am pleased to announce that the Government have appointed Dr. Anne Julius to chair the Group. The other members of the Group will be announced shortly.

The review will examine: whether the voluntary codes for financial services are delivering sufficiently strong benefits to consumers; what scope there is to introduce greater independence and consumer representation in the drawing up of codes; what role there is for the Ombudsman in influencing or determining standards for consumers; whether greater information disclosure can be achieved without the need for further regulation.

Dr. Julius will serve in a personal capacity, as will all the members of the group. The group will be asked to publish its report by April 2001.

Forward to