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Legal And General Breaches Of Rules (No. 3)

EDM number 929 in 1993-94, proposed by DN Campbell-Savours on 23/03/1994.

That this House notes the extraordinary appointment as Chairman of the Personal Investment Authority in September 1993 of Mr Joe Palmer, former Chief Executive of the Legal and General between 1984 and September 1991; notes that Mr Palmer was responsible for Legal and General at a time when there was widespread breaching of LAUTRO, paragraph 7 rules as set out in Early Day Motion 871; notes that Joe Palmer was also Chief Executive of Legal and General when a major stake was taken in Roger Levitt's discredited operations which led to substantial losses for Legal and General to unleash Homes Assured onto an unsuspecting general public; notes that Homes Assured, a tied agent for Legal and General, was accused of the most appalling of selling practices and was the subject of huge numbers of complaints; notes the means by which Legal and General off loaded its direct relationship with Homes Assured onto Criterion Life just before Homes Assured was put to sleep; and questions how it is that Joe Palmer the man responsible for these disasters is now able to claim that he is a credible Chairman of the Personal Investment Authority.

This motion has been signed by a total of 18 MPs, 1 of these signatures have been withdrawn.

MPDateConstituencyPartyType
Dale Campbell-Savours23/03/1994WorkingtonProposed
Brian Sedgemore23/03/1994Hackney South & ShoreditchSigned
Dennis Skinner23/03/1994BolsoverSigned
Jim Dowd24/03/1994Lewisham WestSigned
Harry Barnes24/03/1994North East DerbyshireSigned
John Evans24/03/1994St Helens NorthSigned
Bill Etherington24/03/1994Sunderland NorthSigned
Jimmy Dunnachie24/03/1994Glasgow, PollokSigned
Michael Connarty24/03/1994Falkirk EastSigned
Bill Michie24/03/1994Sheffield, HeeleySigned
Eddie Loyden24/03/1994Liverpool, GarstonSigned
Ken Livingstone24/03/1994Brent EastSigned
Eric Illsley24/03/1994Barnsley CentralSigned
Alan Simpson24/03/1994Nottingham SouthSigned
Lynne Jones29/03/1994Birmingham, Selly OakSigned
Mike Hall13/04/1994Warrington SouthSigned
Tommy Graham20/04/1994Renfrew West and InverclydeSigned
Bob CryerUnknownWithdrawn

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