§ Mr. MartlewTo ask the Chancellor of the Exchequer what plans he has to make the equity release market subject to Financial Services Authority regulation. [138959]
§ Ruth KellyMortgage based equity release schemes will be regulated by the Financial Services Authority (FSA) with effect from 31 October 2004. On 11 November 2003, I published a consultation document seeking views on whether home reversion plans should come within the scope of FSA regulation. Copies of this consultation document are available in the Library.