Maiden Life Försäkrings
The question
To ask the Chancellor of the Exchequer, if she will have discussions with the Financial Conduct Authority to ensure that (a) Vulnerability Assessments and (b) a Consumer Duty Review are conducted before the withdrawal of the Family Protection Plan by C Mutual and Maiden Life Försäkrings.
Answered by Lucy Rigby
It is for the FCA as the regulator of financial services to decide whether to take any steps in relation to this issue and I can confirm that HMT has asked the FCA to look into this matter. The FCA will respond directly to the Honourable Member by letter. A copy of the letter will be placed in the Library of the House.
Verbatim has judged this answer against the question that was actually asked — answered, partly answered, or evaded. Sign in to see the verdict →