Financial Services: Advisory Services
(asked on 8th December 2015) - View Source
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, whether he is satisfied that the Financial Conduct Authority's minimum professional indemnity insurance requirements for Independent Financial Advisers provide investors with adequate protection for medium and long-term investments.
This question was answered on 16th December 2015
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 Honourable Member by letter. A copy of the letter will be placed in the Library of the House.