§ Mr. Barry GardinerTo ask the Chancellor of the Exchequer (1) if his Department has consulted(a) industry and (b) consumer bodies about whether home reversion schemes should be regulated; [111063]
(2) what his policy is on whether home reversion schemes should be regulated. [111064]
§ Ruth KellyAs announced in the Government's Green Paper on Pensions, the Government are looking at the options to create a level playing field for the regulation of equity release and home reversion plans to protect consumers and make the market work better. Treasury officials have since had informal discussions with a range of stakeholders. No decisions have yet been taken and an announcement will be made in due course.