Oral Answers to Questions

Nick Smith Excerpts

Wednesday 5th December 2018 Commons Chamber

[The Prime Minister]

I believe that the deal we have negotiated is a good deal. I recognise that concerns have been raised, particularly around the backstop. As I said yesterday in my speech during the debate, I am continuing to listen to colleagues on that, and I am considering the way forward.

[Nick Smith (Blaenau Gwent) (Lab)]

Q13. One of my constituents has lost thousands of pounds from his British Steel pension as he was preyed upon by a rogue financial adviser and it has happened to hundreds of others across the country. The Financial Conduct Authority does not have the teeth to sort this out. I think that ripping off pensioners is criminal. Does the Prime Minister agree?

[The Prime Minister]

I am very sorry to hear of the case in relation to the pension of the hon. Gentleman’s constituent and the actions of that financial adviser. I will ensure that the Treasury looks at this issue and these sorts of cases with the Financial Conduct Authority.