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answer › question first answered	2015-03-26T10:40:03.65Z
answering body	HM Treasury

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registered interest

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answering body

answering dept id

answering dept short name

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legislature


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question text

tabling member constituency

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uin

answer

is ministerial correction

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answer text

answering member constituency

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grouped question UIN

question first answered

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228775

registered interest

date

20/03/2015

answering body

HM Treasury

answering dept id

answering dept short name

Treasury

answering dept sort name

Treasury

hansard heading

Financial Services

house id

legislature

25259

	pref label	House of Commons

question text

To ask Mr Chancellor of the Exchequer, if he will request the Financial Conduct Authority to ensure that its investigation into the Connaught Income Fund Series 1 will result in adequate compensation for investors in that fund; and if he will request a timescale for the payment of such compensation.

tabling member constituency

Aberconwy

tabling member printed

Guto Bebb

uin

228574

answer

is ministerial correction

date of answer

26/03/2015

answer text

I was very sorry to hear about the difficulties faced by investors in the Connaught Income Fund Series 1 and hope that the Financial Conduct Authority (FCA) are able to finalise their investigation promptly. On 10 March, the FCA provided an update on proceedings which can be found here: <a href="https://www.fca.org.uk/news/fca-statement-on-connaught" target="_blank">https://www.fca.org.uk/news/fca-statement-on-connaught</a> The FCA is operationally independent from Government and carries out its functions within the framework of statutory objectives and duties agreed by Parliament. In view of the FCA’s independence it would not be appropriate for the Treasury to comment further on this ongoing investigation.

answering member constituency

South Northamptonshire

answering member printed

Andrea Leadsom

grouped question UIN

228573
228575

question first answered

26/03/2015 10:40:03

answering member

4117

	label	Biography information for Andrea Leadsom

tabling member

3910

	label	Biography information for Guto Bebb