§ Mr. ChopeTo ask the Chancellor of the Exchequer what the cost to public funds was of the review by the Financial Services Authority of its role in the regulation of Equitable Life. [12823]
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§ Ruth KellyThe cost of the review by the FSA of its role in the regulation of Equitable Life will be met by the insurance industry. Some of the costs have already been recovered by way of fees imposed by the existing regulators (the Personal Investment Authority and the Treasury). Once the Financial Services and Markets Act 2000 comes fully into force, the remaining costs will be recovered by the FSA by way of fees.
§ Mr. BercowTo ask the Chancellor of the Exchequer how many representations he has received about Equitable Life from policy holders resident in the Buckingham constituency. [16163]
§ Ruth KellyWe have received many representations from policy holders of Equitable Life. Identifying policy holders resident in Buckingham constituency could not be undertaken except at disproportionate cost.