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United Kingdom · Motion · Early Day Motion

EDM 5

MIS-SELLING OF FINANCIAL PRODUCTS

openUnited Kingdom· UK Parliament· EN

Introduced

6 December 2000

Last action

6 December 2000 · Early Day Motion

Status

0

Sponsors

Paul Flynn

Subjects

Discovery layer

Source updated

6 December 2000

Summary

That this House congratulates the Financial Services Authority for imposing a time and compensation requirement of ú52 million on the Royal Scottish Assurance for mis-selling endowment mortgages; and looks forward to further fines and the punishment of directors and salespersons of companies who have acted improperly and impoverished millions of people by mis-selling pensions, mortgages and general insurance policies.

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Timeline

  1. 6 December 2000

    Early Day Motion

    That this House congratulates the Financial Services Authority for imposing a time and compensation requirement of ú52 million on the Royal Scottish Assurance for mis-selling endowment mortgages; and looks forward to further fines and the punishment of directors and salespersons of companies who have acted improperly and impoverished millions of people by mis-selling pensions, mortgages and general insurance policies.

    Source: Early Day Motion

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