Norwich Union

Treasury written question – answered on 1st April 2008.

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Photo of Derek Wyatt Derek Wyatt PPS (Rt Hon Margaret Hodge MBE, Minister of State), Department for Culture, Media & Sport

To ask the Chancellor of the Exchequer whether he has had discussions with Norwich Union and the Prudential on their inherited estate proposals; and if he will make a statement.

Photo of Angela Eagle Angela Eagle The Exchequer Secretary, Member, Labour Party National Executive Committee

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

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