Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if he will write to FTI Consulting urging them to publish in full how much they have received for providing media and lobbying advice during the proposed demutualisation of Liverpool Victoria; and if he will make a statement.

Regarding letters of complaint received on the proposed demutualisation of Liverpool Victoria and the sale to Bain Capital, HM Treasury has had several representations over the last few months on this issue. The exact number is not readily available information.

While the Companies (Disclosure of Auditor Remuneration and Liability Limitation Agreements) Regulations 2008 require companies to disclose fees payable to the auditor for the audit of their financial statements, there is no requirement to disclose fees payable to advisers. These are properly a matter for the company and its members.

The assessment of the proposed demutualisation and sale of Liverpool Victoria is a matter for the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA), who are operationally independent from Government. The remaining questions have therefore been passed to the PRA and FCA who will respond directly to the Honourable Member by letter. Copies of the letters will be placed in the Library of the House.