HC Deb 14 June 1994 vol 244 cc420-1W
Mr. David Marshall

To ask the President of the Board of Trade what representations he has received from companies operating in the pension and life industry advocating direct Government regulation; and if he will make a statement.

Mr. Neil Hamilton

Under the Insurance Companies Act 1982, the Secretary of State has direct responsibility for the regulation of all United Kingdom authorised insurance companies. The industry seeks no change from the present arrangements.