Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will launch a review of the adequacy of legislation on friendly societies; and if he will make a statement.
The Government has noted the recommendations of the recent APPG for Mutuals report into the demutualisation of LV=Life and Pensions and will work with the regulators to ensure the market continues to function effectively. The Government currently has no plans to launch a review into the adequacy of legislation for friendly societies but will continue to monitor the situation.