Sale Of Financial Products (EDM1884)

Sale Of Financial Products

EDM number 1884 in 2005-06, proposed by Lorely Burt on 22/03/2006.

That this House recognises the importance of life insurance and protection products in helping families to cope financially with the loss of income following bereavement, ill-health or unemployment; acknowledges the need to ensure that when purchasing such products providers take into consideration the consumer's personal circumstances and the suitability of the product being sold; notes with growing concern the dramatic increase in recent years in the sale of life insurance and other protection products on a non-advised basis and the subsequent potential for large scale mis-buying; is concerned by the general lack of consumer awareness that purchasing such products without advice may restrict their ability to seek redress where products are later found to be unsuitable; and therefore calls on the Government to take action to require those selling without advice to act responsibly by making clear the possible limitations of their product in the context of the other options available, and posting clearer consumer warnings prior to the purchase of protection products highlighting the impact of non-advised sales on the level of consumer protection offered.

This motion has been signed by a total of 57 MPs.

MP	Date	Constituency	Party	Type
Lorely Burt	22/03/2006	Solihull	Liberal Democrat	Proposed
John Greenway	22/03/2006	Ryedale	Conservative	Seconded
Andrew Love	22/03/2006	Edmonton	Labour	Seconded
Derek Conway	23/03/2006	Old Bexley & Sidcup	Conservative	Seconded
Peter Bottomley	23/03/2006	Worthing West	Conservative	Seconded
Michael Weir	23/03/2006	Angus	Scottish National Party	Seconded
John Pugh	23/03/2006	Southport	Liberal Democrat	Signed
Alan Simpson	23/03/2006	Nottingham South	Labour	Signed
Bob Spink	23/03/2006	Castle Point	Conservative	Signed
Mark Lazarowicz	23/03/2006	Edinburgh North and Leith	Labour	Signed
Martin Caton	23/03/2006	Gower	Labour	Signed
David Taylor	23/03/2006	North West Leicestershire	Labour	Signed
Ann Cryer	27/03/2006	Keighley	Labour	Signed
John Leech	27/03/2006	Manchester, Withington	Liberal Democrat	Signed
Andrew George	27/03/2006	St Ives	Liberal Democrat	Signed
David Drew	27/03/2006	Stroud	Labour	Signed
Vincent Cable	27/03/2006	Twickenham	Liberal Democrat	Signed
Lynne Jones	27/03/2006	Birmingham, Selly Oak	Labour	Signed
Paul Holmes	27/03/2006	Chesterfield	Liberal Democrat	Signed
Brian Jenkins	28/03/2006	Tamworth	Labour	Signed
David Lepper	28/03/2006	Brighton, Pavilion	Labour	Signed
Mark Durkan	28/03/2006	Foyle	Social Democratic and Labour Party	Signed
Mike Hancock	28/03/2006	Portsmouth South	Liberal Democrat	Signed
Andrew Stunell	28/03/2006	Hazel Grove	Liberal Democrat	Signed
Robert Wareing	28/03/2006	Liverpool, West Derby	Labour	Signed
Stephen Williams	29/03/2006	Bristol West	Liberal Democrat	Signed
Lynne Featherstone	29/03/2006	Hornsey and Wood Green	Liberal Democrat	Signed
Rudi Vis	29/03/2006	Finchley and Golders Green	Labour	Signed
Paul Flynn	29/03/2006	Newport West	Labour	Signed
Jeremy Corbyn	29/03/2006	Islington North	Labour	Signed
Colin Breed	29/03/2006	South East Cornwall	Liberal Democrat	Signed
Janet Dean	29/03/2006	Burton	Labour	Signed
Betty Williams	30/03/2006	Conwy	Labour	Signed
Mark Williams	30/03/2006	Ceredigion	Liberal Democrat	Signed
Joan Ruddock	18/04/2006	Lewisham, Deptford	Labour	Signed
Bill Etherington	18/04/2006	Sunderland North	Labour	Signed
Roger Godsiff	18/04/2006	Birmingham, Sparkbrook and Small Heath	Labour	Signed
Lee Scott	18/04/2006	Ilford North	Conservative	Signed
Tom Brake	19/04/2006	Carshalton and Wallington	Liberal Democrat	Signed
Mark Lancaster	19/04/2006	North East Milton Keynes	Conservative	Signed
Phyllis Starkey	20/04/2006	Milton Keynes South West	Labour	Signed
John Hemming	20/04/2006	Birmingham, Yardley	Liberal Democrat	Signed
David Hamilton	24/04/2006	Midlothian	Labour	Signed
Rosie Cooper	24/04/2006	West Lancashire	Labour	Signed
David Burrowes	24/04/2006	Enfield, Southgate	Conservative	Signed
Alasdair McDonnell	24/04/2006	Belfast South	Social Democratic and Labour Party	Signed
John Bercow	26/04/2006	Buckingham	Conservative	Signed
Nadine Dorries	27/04/2006	Mid Bedfordshire	Conservative	Signed
Michael Penning	02/05/2006	Hemel Hempstead	Conservative	Signed
Edward Davey	04/05/2006	Kingston and Surbiton	Liberal Democrat	Signed
John Barrett	15/05/2006	Edinburgh West	Liberal Democrat	Signed
James Brokenshire	17/05/2006	Hornchurch	Conservative	Signed
Derek Wyatt	22/05/2006	Sittingbourne and Sheppey	Labour	Signed
Sadiq Khan	06/06/2006	Tooting	Labour	Signed
Stephen Hepburn	20/06/2006	Jarrow	Labour	Signed
Jo Swinson	28/06/2006	East Dunbartonshire	Liberal Democrat	Signed
Mark Oaten	19/07/2006	Winchester	Liberal Democrat	Signed

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