Treasury written question – answered on 7 June 2022.
Holly Lynch
Shadow Minister (Home Office)
To ask the Chancellor of the Exchequer, what assessment he has made of the potential merits of providing support for those who held policies with the Philips Trust Corporation Limited, following the company going into administration on 22 April 2022.
John Glen
Minister of State (Treasury) (City), The Economic Secretary to the Treasury
The administrators of Philips Trust Corporation are working to secure the best results for customers and creditors.
As the Philips Trust Corporation was not a regulated firm, any losses are unlikely to be covered by the Financial Services Compensation Scheme, except in limited circumstances.
Yes0 people think so
No8 people think not
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