Written Question·Treasury·UIN 26076
Financial Conduct Authority: Debts
Tabled: 23 January 2025
Answered: 28 January 2025
Named DayQuestion
Bell Ribeiro-Addy
Labour — Clapham and Brixton Hill
To ask the Chancellor of the Exchequer, whether her Department has made an assessment of the potential merits of ending the exemption from Financial Conduct Authority rules on debt advice for IVA providers.
Answer
Emma ReynoldsThe Government recognises the importance of individuals receiving accurate and reliable information when they are considering an Individual Voluntary Arrangement (IVA). When administered well, IVAs provide a debt solution to people who aren’t eligible for...
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