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Home Reversion Schemes

Volume 404: debated on Tuesday 6 May 2003

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To ask the Chancellor of the Exchequer (1) if his Department has consulted (a) industry and (b) consumer bodies about whether home reversion schemes should be regulated; [111063](2) what his policy is on whether home reversion schemes should be regulated. [111064]

As announced in the Government's Green Paper on Pensions, the Government are looking at the options to create a level playing field for the regulation of equity release and home reversion plans to protect consumers and make the market work better. Treasury officials have since had informal discussions with a range of stakeholders. No decisions have yet been taken and an announcement will be made in due course.