MUTUAL INSURANCE

Early day motion 1322, tabled 15 May 2002 by Mark Hendrick (Labour/Co-operative). Signed by 60 members.

That this House welcomes the results of an analysis of the Money Management annual with-profit returns from UK mutuals and plcs over the last four years, released by the International Cooperative and Mutual Insurance Federation; notes that the results clearly demonstrate that mutuals offer higher average returns of up to more than 20 per cent. than that of plcs; and urges the Government to recognise the important role that mutuals play in ensuring competition and value for money for the consumer.

Signatures by party: Labour 33, Labour/Co-operative 16, Liberal Democrat 7, Scottish National Party 2, DUP 1, Plaid Cymru 1.