§ Mr. Marlowasked the Secretary of State for Trade and Industry if he will introduce legislation providing that interest is payable on life assurance policies from the date the liability becomes due until the date of payment.
§ Mr. FletcherI have no present plans for such legislation. However there are relevant provisions in the life insurers' statement of long-term insurance practice and I am asking the industry to consider whether these should be reviewed in the light of experience of their working.