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Inherited Estates

Volume 706: debated on Wednesday 21 January 2009


Asked by

To ask Her Majesty's Government what assessment they have made of the comments directed at the Financial Services Authority (FSA) by the Policyholders' Protection Group in regard to its ruling on the distribution of the Norwich Union inherited estates surplus; and whether they will ask the FSA to review its decision in the light of the dissatisfaction expressed. [HL571]

The regulation of insurance inherited estates is a matter for the Financial Services Authority (FSA), which sets the rules covering the management of with-profits funds.