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114607

	registered interest
	date	05/11/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Equitable Life Assurance Society
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, if he will increase compensation payments to Equitable Life policyholders.
	tabling member constituency	North East Bedfordshire
	tabling member printed	Alistair Burt
	uin	213511
	answer	answer is ministerial correction date of answer 17/11/2014 answer text <p>The Equitable Life Payment Scheme is focussed on making the remaining payments to eligible policyholders. The Government has sought to achieve fairness between Equitable Life policyholders and the taxpayers who must bear the cost at a time when the nation's finances are in a difficult position. We have no plans to re-open the design of the Scheme.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 17/11/2014 15:46:18 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	1201 label Biography information for Alistair Burt

147442

	registered interest
	date	10/11/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Connaught Income Series 1 Fund
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what recent representations his Department has received on the Connaught Income Series 1 Fund.
	tabling member constituency	Aberconwy
	tabling member printed	Guto Bebb
	uin	214075
	answer	answer is ministerial correction date of answer 17/11/2014 answer text <p>Treasury Ministers and officials receive regular correspondence on a wide range of issues. We cannot disclose details of specific representations.</p><p> </p><p> </p><p>The Government appreciates the real difficulties and the serious implications the Connaught issue has had for investors and is following the situation closely.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 17/11/2014 16:48:59 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	3910 label Biography information for Guto Bebb

142102

	registered interest
	date	06/11/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Financial Services
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what measures are in place to ensure that small and medium-sized businesses, which have made losses as a result of having been sold inappropriate complex financial products including fixed rate swaps and embedded swaps, are fully compensated.
	tabling member constituency	Dundee West
	tabling member printed	Jim McGovern
	uin	213748
	answer	answer is ministerial correction date of answer 17/11/2014 answer text <p>Any business which feels it has been mis- sold a fixed-rate loan should contact its bank’s customer complaints department. The FCA’s rules require the banks to properly investigate all complaints and, through ongoing supervision, the FCA monitors the banks’ complaint handling process.</p><p> </p><p>If a business is not happy with its bank’s response and the business has a turnover of less than €2 million and fewer than 10 employees, the business will be eligible to apply to have a further review conducted by the Financial Ombudsman Service</p><p> </p><p>Additionally, if a business believes a bank has acted unlawfully, they can seek to take action through the courts.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 17/11/2014 15:47:53 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	1515 label Biography information for Jim McGovern