§ 21. Mr. DenhamTo ask the President of the Board of Trade what action he is taking to monitor the performance of investment fund companies related to life, pension and endowment policies.
§ Mr. Neil HamiltonMy Department undertakes the prudential supervision of companies providing life, pension and endowment policies in accordance with the Insurance Companies Act 1982 and associated regulations. Responsibility for regulating the marketing of such products rests with the Securities and Investments Board and the relevant self-regulatory organisations under the Financial Services Act 1986.