Shadow Energy minister Tom Greatrex has secured a Parliamentary debate on the adequacy of the Arch cru investors' deal on offer from Capita, and the role of the Financial Services Authority in the fund range's downfall.
The hour and a half long debate will be held in Westminster Hall at the House of Commons on Wednesday 19 October from 9.30am until 11am. A minister with responsibility for the area under discussion is obliged to answer the questions raised by the debate. It is expected the government will send a Treasury minister, most likely Financial Secretary Mark Hoban. Speaking exclusively to IFAonline, Greatrex said he will use the debate to put on record three major points of concern about the FSA-backed £54m payment deal on offer to Arch cru investors from Capita, BNY Mellon, and HSBC. "The...
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