§ Dr. CableTo ask the Chancellor of the Exchequer (1) if he will make a statement on how(a) his Department and (b) the FSA, propose that the orphan assets of demutualised insurance companies should be appointed as between shareholders and policyholders; [133409]
(2) what decisions (a) his Department and (b) the FSA have taken on the appointment of orphan assets between shareholders and policyholders, for each insurance company for which a regulatory determination has been made; [133408]
§ Mr. CohenTo ask the Chancellor of the Exchequer if he will introduce legislation to regulate the proposed distribution of orphan assets; and if he will make a statement. [133278]
§ Mr. LoveTo ask the Chancellor of the Exchequer (1) what powers are available to decide the proportion of surplus assets held in the life fund of insurance companies to be distributed to(a) policyholders and (b) shareholders; what authority is available to use these assets to compensate for pension mis-selling; and if he will make a statement; [133233]
(2) what guidance is given to the Financial Services Authority regarding the split in surplus assets between policyholders and shareholders; and if he will make a statement; [133239]
(3) what authority is given to the Financial Services Authority to vary the proportional split in surplus assets between policyholders and shareholders; and if he will make a statement. [133238]
1036W
§ Miss Melanie JohnsonI will write to the hon. Member and my hon. Friends and place a copy of my letter in the Library of the House.