Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if he will take steps to ensure that compensation awarded by the FCA from a financial company to their customers cannot be avoided by the company entering voluntary insolvency.

This is a matter for the Financial Conduct Authority (FCA), which is operationally independent from Government. The question has been passed on to the FCA. The FCA will reply directly to the member for Ipswich by letter. A copy of the letter will be placed in the Library of the House.