HC Deb 22 July 2004 vol 424 c479W
Mr. Spring

To ask the Chancellor of the Exchequer what plans he has to compensate people who bought endowment mortgages before the system of regulation covering the sale of these came into existence and who cannot pursue a claim through the normal regulatory channels; and if he will make a statement. [185966]

Ruth Kelly

The Government supports the Financial Services Authority's proposal to conduct further analysis to identify those people who were sold an endowment policy before 29 April 1988 that is forecast to shortfall. The Government also supports the efforts of the FSA and industry to explore the scope for voluntary action to help people In this situation. The Government have no plans to compensate people who bought endowment mortgages belt re 29 April 1988.