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Unregulated Compensation Pursuers

EDM number 977 in 2004-05, proposed by Paul Flynn on 22/03/2005.

That this House welcomes the advice of the Financial Services Authority (FSA) on endowment mis-selling compensation pursuers that `some companies...make a charge which is usually a large percentage of any compensation the consumer receives. This service does not need to be regulated by the FSA'; is concerned that the FSA also warns that using one of these companies to complain on your behalf may not increase your chances of getting compensation; notes that these companies impose a charge of 20 per cent. to 41 per cent. of compensation received for advice which is often of little or no value; commends the splendid step-by-step advice available at no cost from Which? and the FSA; and believes that all financial complaint pursuing services should be regulated by the FSA.

This motion has been signed by a total of 38 MPs.

Paul Flynn22/03/2005Newport WestLabourProposed
Kevin McNamara22/03/2005Kingston upon Hull NorthLabourSigned
Andrew George22/03/2005St IvesLiberal DemocratSigned
Syd Rapson23/03/2005Portsmouth NorthLabourSigned
Rudi Vis23/03/2005Finchley & Golders GreenLabourSigned
David Taylor23/03/2005North West LeicestershireLabour Co-operativeSigned
Peter Bottomley23/03/2005Worthing WestConservativeSigned
Harry Barnes23/03/2005North East DerbyshireLabourSigned
Tony Banks23/03/2005West HamLabourSigned
Win Griffiths23/03/2005BridgendLabourSigned
Martin Caton23/03/2005GowerLabourSigned
Alan Meale23/03/2005MansfieldLabourSigned
John McDonnell23/03/2005Hayes & HarlingtonLabourSigned
Mark Lazarowicz23/03/2005Edinburgh North & LeithLabour Co-operativeSigned
Nigel Jones23/03/2005CheltenhamLiberal DemocratSigned
Lynne Jones23/03/2005Birmingham, Selly OakLabourSigned
Brian Iddon23/03/2005Bolton South EastLabourSigned
Paul Holmes23/03/2005ChesterfieldLiberal DemocratSigned
Paul Tyler24/03/2005North CornwallLiberal DemocratSigned
Colin Breed24/03/2005South East CornwallLiberal DemocratSigned
David Heath24/03/2005Somerton & FromeLiberal DemocratSigned
Ann Cryer24/03/2005KeighleyLabourSigned
Linda Perham04/04/2005Ilford NorthLabourSigned
Tom Brake04/04/2005Carshalton & WallingtonLiberal DemocratSigned
Mike Hancock04/04/2005Portsmouth SouthLiberal DemocratSigned
Vera Baird04/04/2005RedcarLabourSigned
Andrew Stunell04/04/2005Hazel GroveLiberal DemocratSigned
David Marshall05/04/2005Glasgow, ShettlestonLabourSigned
Roy Beggs05/04/2005East AntrimUUPSigned
Andrew Dismore05/04/2005HendonLabourSigned
Tony Colman05/04/2005PutneyLabourSigned
Brian Jenkins05/04/2005TamworthLabourSigned
Kelvin Hopkins05/04/2005Luton NorthLabourSigned
Julie Morgan06/04/2005Cardiff NorthLabourSigned
Alan Simpson06/04/2005Nottingham SouthLabourSigned
Tony Clarke06/04/2005Northampton SouthLabourSigned
Parmjit Gill06/04/2005Leicester SouthLiberal DemocratSigned
Adrian Bailey06/04/2005West Bromwich WestLabour Co-operativeSigned

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