Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if she will have discussions with the Financial Conduct Authority to ensure that (a) Vulnerability Assessments and (b) a Consumer Duty Review are conducted before the withdrawal of the Family Protection Plan by C Mutual and Maiden Life Försäkrings.
It is for the FCA as the regulator of financial services to decide whether to take any steps in relation to this issue and I can confirm that HMT has asked the FCA to look into this matter. The FCA will respond directly to the Honourable Member by letter. A copy of the letter will be placed in the Library of the House.