Financial Conduct Authority: Debts — Written Question

Question

Bell Ribeiro-Addy

Labour — Clapham and Brixton Hill

To ask the Chancellor of the Exchequer, whether her Department has made an assessment of extending the Financial Conduct Authority's regulatory perimeter so that it can tackle (a) poor and (b) misleading debt advice delivered by insolvency practitioners a

Answer

Emma Reynolds

The 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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