Lord Myners – 2014 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Lord Myners on 2014-04-01.

To ask Her Majesty’s Government whether the external law firm appointed by the Financial Conduct Authority (FCA) to review its handling of its announcement on closed life funds is independent of the FCA and the firms covered by the FCA investigation.

Lord Deighton

The Financial Conduct Authority (FCA) have announced that the FCA Non-Executive Directors have appointed Simon Davis, a senior commercial litigation partner at Clifford Chance, to conduct an independent inquiry into the handling of the FCA’s announcement of proposed supervisory work on the fair treatment of long standing customers in life insurance.