Skip to main content

Endowment Mortgages

Volume 475: debated on Thursday 1 May 2008

To ask the Chancellor of the Exchequer whether HM Treasury has investigated the role played by the Financial Services Authority in the regulation of the sale of endowment mortgages. (200190)

The Treasury has not investigated the role of the Financial Services Authority (FSA) in the mis-selling of endowment mortgages.

The FSA has invested in supervisory work to ensure firms handle mortgage endowment complaints in a fair and timely way, including formal enforcement action and fines against some ten major firms for mis-selling mortgage endowments and/or mishandling complaints about them.