§ Mr. Andrew BowdenTo ask the Secretary of State for Trade and Industry what discussions he has had with the Financial Intermediaries, Managers and Brokers Regulatory Organisation and other regulatory bodies on the subject of home income investment bond schemes and related debt incurred by older people.
§ Mr. RedwoodI have encouraged the Securities and Investments Board to take the lead in ensuring that everything possible is done to help clients who were sold unsuitable schemes, and to prevent such difficulties in the future.