§ Mr. ColvinTo ask the President of the Board of Trade what action is being taken by his Department to speed up the payment of compensation by insurance companies in respect of home equity share losses.
§ Mr. NelsonI have been asked to reply. The regulation of investment business carried on by life insurance companies is a matter for the Securities and Investments Board and the Life Assurance and Unit Trust Regulatory Organisation. They and the other bodies helping to obtain appropriate redress for clients of unsuitable home income schemes are aware of the need to deal with cases as quickly as they can.