John McFall has been re-elected to continue as Treasury select committee chairman.

At the beginning of last year, McFall spoke out on accusations that the directors of Britain's biggest insurers have little regard for their customers and enjoy huge pay rises.

He told chief exceutives - including those at Legal & General and Aviva - that rises awarded in 1999 and 2002 came when "the industry was going downhill like a slalom skier".

McFall has also lambasted the industry's attitude to customers saying: "The industry consistently puts its own interests ahead of consumers."

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