§ Ian LucasTo 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 KellyIndependent 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.