Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what representations he has received on the provisions in the Financial Conduct Authority handbook IPRU-INV sch13 which allows independent financial advisers and insurers to retrospectively exclude failed schemes from an IFA's professional indemnity insurance.

Treasury Ministers and officials occasionally receive representations on regulatory issues.

As was the case with previous Administrations, it is not the Treasury’s practice to provide details of all such discussions.