Industrial and Provident Societies (Hansard, 10 June 2002)

HC Deb 10 June 2002 vol 386 c868W 868W

§ David Maclean
To ask the Chancellor of the Exchequer if he will make a statement on the policy of the Government on changing the fees paid by industrial and provident societies; and if he will make a statement. [60760]

§ Ruth Kelly
The setting of fees is the responsibility of the Financial Services Authority in relation to the duties it performs under the relevant industrial and provident societies Acts. The Government are aware of concerns that have been expressed about the fee structure being developed by the FSA. However, the new level of fees has not yet been finalised and through consultation the FSA is seeking to ensure that the interests of the sector are fully considered.