§ Mr. French
To ask the President of the Board of Trade what information he has about United Kingdom life insurance companies proposing to transfer business to Ireland; and if he will make a statement.
§ Mr. Neil Hamilton
The International Financial Services Centre, established in Dublin under EC state aid rules, offers certain tax incentives for financial services business conducted with non-residents. I am aware that one United Kingdom assurance company has set up business additionally in the centre. However, the benefits offered by the centre, in so far as the life assurance industry is concerned, affect only a narrow range of products, and
Name Post Salary Duration Party John Corrie Chairman of the Transport Users Consultative Committee for Scotland £6,310 6 years Conservative Robin Hodgson Member of the West Midlands Industrial Development Board Unpaid 5 years Conservative Charles Longbottom Non-Executive Director of British Shipbuilders £5,000 5 years Conservative Sir Julian Ridsdale Member of the Simpler Trade Procedures Board Unpaid 2 years Conservative