Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what discussions he has had with the Secretary of State for Business, Energy and Industrial Strategy on the potential merits of extending the Financial Conduct Authority's Financial Services Compensation Scheme to cover debt management.

The Chancellor of the Exchequer and the Secretary of State for Business, Energy and Industrial Strategy meet regularly to discuss a range of issues.

The Financial Conduct Authority confirmed that it will extend Financial Services Compensation Scheme protection to cover client money held in debt management firms in its October 2017 consultation on the funding of the Financial Services Compensation Scheme.