§ Mr. ChaytorTo ask the Chancellor of the Exchequer (1) what was the average amount of compensation paid by the ICS in relation to the cases referred to the investors' compensation scheme by the Personal Investment Authority Ombudsman in each of the last two years, as a result of an award not having been paid due to the offending company having been struck off the PIA Register;[135271]
(2) how many decisions made by the Personal Investment Authority Ombudsman in each of the last two years in favour of the complainant did not lead to the payment of compensation because the offending company was struck off the PIA Register before payment was made; and of these cases how many were referred to the Investors' Compensation Scheme;[135273]
(3) what was (a) the average amount of compensation paid and (b) the average amount of compensation awarded in cases where no payment was made due to the offending company having been struck off the Personal Investment Authority Register in relation to decisions made by the PIA Ombudsman in each of the last two years in favour of the complainant.[135272]
§ Miss Melanie JohnsonThe previous history of cases dealt with by ICS is not centrally recorded, including whether they have been previously dealt with by PIAOB.
The information requested on compensation is not available. Compensation often does not take the form of a cash award to a complainant.