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Grand Committee
Financial Services Bill
Committee stage - Mon 22 Feb 2021
Leader of the House

Mentions:
1: Lord McNicol of West Kilbride (LAB - Life peer) It can be caused by a combination of low savings and erratic family income. - Speech Link
2: Baroness Bowles of Berkhamsted (LDEM - Life peer) Regrettably, we also hear about that when it has all gone wrong, with the Gloster and Connaught reports - Speech Link
3: Earl Howe (CON - Excepted Hereditary) The long-term asset fund will encourage investment in long-term investment opportunities. - Speech Link
4: Lord Tunnicliffe (LAB - Life peer) —a low-income household, where we had probably the equivalent of the living wage, but it was not nearly - Speech Link


Lords Chamber
Financial Services Bill
2nd reading (Hansard) - Thu 28 Jan 2021
Cabinet Office

Mentions:
1: Baroness Coussins (CB - Life peer) Fast forward a few months and, promisingly, they have returned to work and their income has stabilised - Speech Link
2: Lord Davies of Brixton (LAB - Life peer) same way as a tax cut would, but it would be better targeted, allowing people to keep more of their income - Speech Link
3: Baroness Bowles of Berkhamsted (LDEM - Life peer) their own explanations and a bit of shouting by us if it has all gone wrong and still more Gloster, Connaught - Speech Link
4: Lord Sikka (LAB - Life peer) The FCA has also been criticised in a report on the collapse of the Connaught Income Fund, and the long-running - Speech Link
5: Lord Rooker (LAB - Life peer) is true that we more or less passed it over to Spain after Brexit, so it might well now be a bigger income - Speech Link


Commons Chamber
Financial Services Bill
Report stage - Wed 13 Jan 2021
HM Treasury

Mentions:
1: Alison Thewliss (SNP - Glasgow Central) One in three people with cancer experience a loss of income from employment following a diagnosis, losing - Speech Link
2: None Connaught Income Fund was ripping off consumers. - Speech Link
3: Yvonne Fovargue (LAB - Makerfield) I looked into the business model for one company and found that 25% of its income is predicated on late - Speech Link
4: Seema Malhotra (LAB - Feltham and Heston) ultimately owned by Cerberus—a mortgage with a fully regulated high street bank sold off to a vulture fund - Speech Link


Westminster Hall
UK Relations with Qatar - Wed 23 May 2018
Foreign, Commonwealth & Development Office

Mentions:
1: Bob Stewart (CON - Beckenham) Friend talks of per capita income, is he talking just of Qataris, or is he including the people who come - Speech Link
2: Peter Grant (SNP - Glenrothes) West (Sir David Amess) graphically outlined the huge financial impact that the Qatari sovereign wealth fund - Speech Link
3: Fabian Hamilton (LAB - Leeds North East) the Savoy hotel, while another unit of the QIA, Qatar Holdings, owns Claridge’s, the Berkeley and the Connaught - Speech Link


Commons Chamber
Banking Misconduct and the FCA - Thu 10 May 2018
HM Treasury

Mentions:
1: Luke Graham (CON - Ochil and South Perthshire) They employ our constituents and pay the taxes that fund our public services—taxes that were also used - Speech Link
2: Jim Shannon (DUP - Strangford) Those of us in the all-party group on the Connaught Income Fund have come across many episodes and examples - Speech Link
3: Stephen Kerr (CON - Stirling) It is truly shocking that an individual who only ever set out to generate an income and run a good business - Speech Link
4: Kirsty Blackman (SNP - Aberdeen North) RBS will never be able to afford to fund all the claims being made by small or medium-sized businesses - Speech Link


Westminster Hall
Serious Fraud Office - Tue 18 Apr 2017
Attorney General

Mentions:
1: Kirsten Oswald (SNP - East Renfrewshire) An FCA investigation into the Connaught fund is under way and I look forward to the outcome. - Speech Link


Commons Chamber
Equitable Life Policyholders: Compensation - Thu 23 Mar 2017
HM Treasury

Mentions:
1: Joanna Cherry (SNP - Edinburgh South West) Members, I have been present in the Chamber for the debate on the losses of investors in the Connaught - Speech Link
2: Jeremy Lefroy (CON - Stafford) Members have said, it would be one thing if this was a matter of an investment fund or a hedge fund for - Speech Link
3: Kirsten Oswald (SNP - East Renfrewshire) Income Fund, which was mentioned by my hon. and learned Friend the Member for Edinburgh South West ( - Speech Link
4: Kirsten Oswald (SNP - East Renfrewshire) I think that Equitable Life policyholders, like Connaught Income Fund investors, feel particularly hard - Speech Link


Westminster Hall
Serious Fraud Office - Tue 07 Feb 2017
Attorney General

Mentions:
1: Kirsten Oswald (SNP - East Renfrewshire) The Connaught fund was set up in 2008 and collapsed in 2012. A related case, Connaught v. - Speech Link


Commons Chamber
Commercial Financial Dispute Resolution Platform - Thu 15 Dec 2016
HM Treasury

Mentions:
1: Kirsten Oswald (SNP - East Renfrewshire) Unfortunately, the history of regulatory failure in relation to the Connaught Fund bears many similarities - Speech Link
2: Simon Kirby (CON - Brighton, Kemptown) Member for East Renfrewshire (Kirsten Oswald) asked about Connaught. - Speech Link


Lords Chamber
Digital Economy Bill
2nd reading (Hansard): House of Lords - Tue 13 Dec 2016
No Department present

Mentions:
1: Earl of Lytton (CB - Excepted Hereditary) about it using its virtual monopoly over the permanent way and its liking for telephone-subscriber income - Speech Link
2: Lord Lester of Herne Hill (Non-affiliated - Life peer) for the Bill to ensure that the licence fee is for the exclusive benefit of and use by the BBC and to fund - Speech Link
3: Lord Macdonald of Tradeston (LAB - Life peer) charter, and with agreement on an inflation linking of the licence fee and an end to top-slicing to fund - Speech Link
4: Baroness Byford (CON - Life peer) Who is to decree that my income is below some limit that renders it acceptable? - Speech Link
5: Lord Ashton of Hyde (CON - Excepted Hereditary) Christmas-tree appearance, I hope that your Lordships can take inspiration from Antony Gormley’s tree at the Connaught - Speech Link