Skip to main content

HOME INCOME SCHEMES

EDM (Early Day Motion) 290A1: tabled on 23 June 1992

Tabled in the 1992-93 session.

This motion has been signed by 2 Members. It is an amendment to an existing motion.

As this motion is using historical data, we may not have the record of the original ordering, in which case signatories are listed alphabetically.

This is an amendment to an existing motion

This motion was originally tabled by Sir John Hunt on 19 June 1992. This is amendment number 1.

View details of the original motion

Suggested amendment

after 'affair', insert ', including the responsibilities of Her Majesty's Government and the regulatory authorities,'.

Original motion text

That this House notes with great concern the anxiety and distress caused to so many elderly pensioners who took out wholly unsuitable home income schemes based on investment bonds following highly suspect advice from financial advisers; draws attention in particular to the role played by the Cheltenham and Gloucester Building Society in respect of schemes peddled by the now defunct Aylesbury Associates; and calls for an urgent inquiry into the history of this sad affair in order to ensure a proper level of compensation for the victims of these schemes and to ensure that appropriate steps are taken, if necessary by legislation, to prevent a recurrence of these tragic events.

The first 6 Members who have signed to support the motion are the sponsors. The primary sponsor is generally the person who tabled the motion and has responsibility for it. The date shown is when the Member signed the motion.

There are no withdrawn signatures for this amendment.