VerbatimParliament, as it happens

Prosperous Life: Insolvency

Asked by Grahame MorrisLabourDepartment for Business and TradeTabled Answered 17 September 2025UIN 75953

The question

To ask the Secretary of State for Business and Trade, if she will make it her policy to investigate the conduct of Kroll Advisory Ltd in its role as administrator of Prosperous Life; and what steps her Department is taking to ensure that affected consumers are protected.

Answered by Kate Dearden

All insolvency practitioners (IPs), including those at Kroll Advisory Ltd, are authorised and regulated by recognised professional bodies, which operate under the Secretary of State’s oversight. Matters of concern about IP conduct are the responsibility of those bodies, in line with their published rules and procedures.

Verbatim has judged this answer against the question that was actually asked — answered, partly answered, or evaded. Sign in to see the verdict →

Open this question in Verbatim →

Every written question, searchable

155,000 questions tabled since the election, with the answer each department gave — and the ones still unanswered, with the clock running. Free to search.

Search written questions →Read on Verbatim