Written Question·Treasury·UIN 68720
Financial Services: Fraud
Tabled: 17 July 2025
Answered: 23 July 2025
Question
Sir John Whittingdale
Conservative — Maldon
To ask the Chancellor of the Exchequer, what assessment she has made of the effectiveness of the Authorised Push Payment framework in tackling financial fraud.
Answer
Emma ReynoldsAs an important point of principle, the Government does not step in to pay compensation in respect of failed financial services firms that fall outside of the Financial Services Compensation Scheme (FSCS). Doing so would create the wrong set of incentives...
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