Oral Question·Treasury
“If he will ensure that Equitable Life policyholders who invested in regulated products will be entitled to similar levels of compensation to those who invested in unregulated mini-bonds marketed by London Capital and Finance.”
Tabled: 26 January 2022Answered: 1 February 2022
Asked by
Bob Blackman
Conservative — Harrow East
Answering Minister
the Chancellor of the Exchequer
Answer from Hansard
Mr Falconer
I am grateful to my hon. Friend for her work on these matters. We have seen those reports; the Foreign Secretary referred to them in the House yesterday afternoon. As I said earlier, the threshold that the Government must test against is the one we outlined in September, which is about the real risk. We have found that there is a real risk, and our actions have flowed from that determination.