HC Deb 25 June 2002 vol 387 c763W
Ian Lucas

To ask the Chancellor of the Exchequer if he will introduce legislation to compel the publication of the commissions earned by sellers of endowment policies. [64314]

Ruth Kelly

Independent financial advisers who advise on the sale of endowment policies are required to disclose the cash value of commissions they would earn on those sales before a policy is effected.

Equivalent disclosure, of the costs of the sale, is required where a tied salesman makes a sale.

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