Minimum Standards For Financial Products (EDM2495)

Minimum Standards For Financial Products

EDM number 2495 in 2010-12, proposed by John Thurso on 30/11/2011.
Categorised under the topics of Financial services and Standards.

That this House welcomes the product intervention powers proposed in the draft Financial Services Bill, which will allow the Financial Conduct Authority to remove financial products from the market where they pose a significant risk of detriment to consumers; agrees with Which? that the mis-selling of payment protection insurance to millions of consumers demonstrates that complicated and poorly designed financial products significantly disadvantage consumers; and calls on HM Treasury to ensure thatany legislative proposals the Government brings before the House can be used to set minimum standards for financial products, thereby ensuring the financial services industry develops a suite of simple, good value financial products designed to meet consumer needs.

This motion has been signed by a total of 26 MPs.

MP	Date	Constituency	Party	Type
John Thurso	30/11/2011	Caithness, Sutherland and Easter Ross	Liberal Democrat	Proposed
George Mudie	30/11/2011	Leeds East	Labour	Seconded
Eleanor Laing	30/11/2011	Epping Forest	Conservative	Seconded
Bob Russell	30/11/2011	Colchester	Liberal Democrat	Seconded
Tom Brake	30/11/2011	Carshalton and Wallington	Liberal Democrat	Seconded
Julian Huppert	30/11/2011	Cambridge	Liberal Democrat	Seconded
Mark Durkan	30/11/2011	Foyle	Social Democratic and Labour Party	Signed
Mike Hancock	30/11/2011	Portsmouth South	Liberal Democrat	Signed
Peter Bottomley	30/11/2011	Worthing West	Conservative	Signed
Alan Meale	01/12/2011	Mansfield	Labour	Signed
Nigel Dodds	01/12/2011	Belfast North	DUP	Signed
Adrian Sanders	05/12/2011	Torbay	Liberal Democrat	Signed
John Hemming	05/12/2011	Birmingham, Yardley	Liberal Democrat	Signed
David Crausby	06/12/2011	Bolton North East	Labour	Signed
John Leech	06/12/2011	Manchester, Withington	Liberal Democrat	Signed
Elfyn Llwyd	08/12/2011	Dwyfor Meirionnydd	Plaid Cymru	Signed
John McDonnell	08/12/2011	Hayes and Harlington	Labour	Signed
Martin Caton	08/12/2011	Gower	Labour	Signed
Andrew Love	08/12/2011	Edmonton	Labour	Signed
John Mann	08/12/2011	Bassetlaw	Labour	Signed
Sandra Osborne	08/12/2011	Ayr, Carrick and Cumnock	Labour	Signed
Michael Crockart	08/12/2011	Edinburgh West	Liberal Democrat	Signed
Caroline Lucas	12/12/2011	Brighton, Pavilion	Green	Signed
Lorely Burt	12/12/2011	Solihull	Liberal Democrat	Signed
Steve Rotheram	12/12/2011	Liverpool, Walton	Labour	Signed
Lindsay Roy	19/01/2012	Glenrothes	Labour	Signed

Download raw data as csv or xml.