Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what steps the Financial Conduct Authority is taking to ensure that Capita Financial Managers Ltd (a) are investigated for their role in the running of and (b) pay compensation to people who invested in the Connaught Income Fund.

This is a matter for the Financial Conduct Authority (FCA), which is operationally independent from Government.

This question has been passed on to the FCA. They will reply directly to the Honorable Member Helen Jones by letter. A copy of the letter will be placed in the Library of the House.