§ Mr. McCrindleasked the Minister for Trade whether any matters relating to building societies have been investigated by the Office of Fair Trading.
§ Mr. SproatThe Director General has so far not used any of his formal powers under the Fair Trading Act or Competition Act in relation to building societies. However, he has corresponded at some length with several of the larger building societies on the subject of property insurance, which has led to all the larger societies agreeing to allow their borrowers to arrange their own property insurance if they so wish. In addition, the Director General has periodic discussions with the Building Societies Association on matters relating to competition policy and consumer protection.