Compensation Bill [HL]

I thank the Minister for what she said about lists. Thank goodness she is not in charge of the Charities Bill which is full of lists, and needs to be. I accept her aversion to lists. But there are certain fundamental things which should really be taken as read. I welcome her open mind on putting those provisions in the Bill. Perhaps I may press the noble Baroness further. If these companies were giving financial advice, they would be subject to regulation by the Financial Services Authority. It may well be that we can find some way of at least firing a shot across the bows of some of these cowboys by making them aware of their obligations as organisations within the financial services structure. I am not asking her to give any commitment now, but could she indicate she has an open mind on that? It might send a warning signal, particularly if she were to say that the authority will be extended to cover these companies. Although if she cannot say that, that at least as stiff a regulatory structure will be set up as already exists as though they were giving financial advice.