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To ask the Secretary of State for Business, Innovation, Science and Trade, how many complaints have been investigated by the Insolvency Service about the way a Recognised Professional Body has dealt with a complaint about an Insolvency Practitioner in the last three years.
To ask the Secretary of State for Business, Innovation, Science and Trade, how many complaints have been investigated by the Insolvency Service about the way a Recognised Professional Body has dealt with a complaint about an Insolvency Practitioner in the last three years.
The Insolvency Service monitors the effectiveness of the regulatory framework through its oversight of the Recognised Professional Bodies (RPBs). This includes where there are concerns about an RPB’s conduct of investigations into complaints about insolvency practitioners.
The following complaints have been investigated by the Insolvency Service in the last three years:
Year | Complaints received | Complaints upheld | Complaints rejected | Complaints ongoing |
2024 | 3 | 0 | 3 | 0 |
2025 | 1 | 0 | 0 | 1 |
2026 (to date) | 7 | 0 | 2 | 5 |
To ask the Secretary of State for Environment, Food and Rural Affairs, what steps she is taking to ensure creditor debt-restructuring occurs during water company special administration procedures.
To ask the Secretary of State for Environment, Food and Rural Affairs, what steps she is taking to ensure creditor debt-restructuring occurs during water company special administration procedures.
Defra cannot ensure that creditors agree to debt restructuring. When a Special Administration Regime is commenced on insolvency grounds, upon exit, a company may be transferred if rescue is unlikely, or where transfer is likely to secure more effective performance. Debt restructuring may be one way of achieving that purpose.
To ask the Secretary of State for Justice, with reference to the HMPPS Annual Report 2025 to 2026, if he will provide a breakdown of the £1.3 million worth of fruitless payments for utility infrastructure works supporting prison expansion where recovery was not possible following contractor insolvency, including which contractors...
To ask the Secretary of State for Justice, with reference to the HMPPS Annual Report 2025 to 2026, if he will provide a breakdown of the £1.3 million worth of fruitless payments for utility infrastructure works supporting prison expansion where recovery was not possible following contractor insolvency, including which contractors...
To ask the Secretary of State for Business, Innovation, Science and Trade, if the Department will review the effectiveness of the insolvency practitioner complaints system in cases where disciplinary action cannot provide compensation or resolve the underlying legal dispute.
To ask the Secretary of State for Business, Innovation, Science and Trade, if the Department will review the effectiveness of the insolvency practitioner complaints system in cases where disciplinary action cannot provide compensation or resolve the underlying legal dispute.
The Insolvency Practitioner Complaints Gateway plays an important role in maintaining confidence in the insolvency regulatory framework. The complaints system provides a means of investigating concerns about the professional conduct of insolvency practitioners and, where appropriate, taking disciplinary action.
The regulatory process is distinct from determining legal disputes or providing financial redress. Where action is taken by an insolvency practitioner on behalf of an insolvent estate, it is for the courts to determine the outcome of legal disputes and whether financial redress is appropriate.
The Department has no plans to change the frameworks for financial redress where losses have been incurred as a result of misconduct by an insolvency practitioner.
To ask the Secretary of State for Business, Innovation, Science and Trade, what routes to financial redress are available to people who incur losses as a result of misconduct by an insolvency practitioner; and whether the Department has assessed the affordability of accessing those routes.
To ask the Secretary of State for Business, Innovation, Science and Trade, what routes to financial redress are available to people who incur losses as a result of misconduct by an insolvency practitioner; and whether the Department has assessed the affordability of accessing those routes.
The Insolvency Practitioner Complaints Gateway plays an important role in maintaining confidence in the insolvency regulatory framework. The complaints system provides a means of investigating concerns about the professional conduct of insolvency practitioners and, where appropriate, taking disciplinary action.
The regulatory process is distinct from determining legal disputes or providing financial redress. Where action is taken by an insolvency practitioner on behalf of an insolvent estate, it is for the courts to determine the outcome of legal disputes and whether financial redress is appropriate.
The Department has no plans to change the frameworks for financial redress where losses have been incurred as a result of misconduct by an insolvency practitioner.
Lords motion to consider. Agreed to on question.
Lords motion to consider. Agreed to on question.
My Lords, first, I apologise that you have the B team, as I think we are referring to ourselves today. My noble friend Lady Twycross has unfortunately been taken ill and I am sure that, on behalf of the Committee, we will be sending her our best wishes.
Telecommunications networks and...
My Lords, first, I apologise that you have the B team, as I think we are referring to ourselves today. My noble friend Lady Twycross has unfortunately been taken ill and I am sure that, on behalf of the Committee, we will be sending her our best wishes.
Telecommunications networks and...
My Lords, I am grateful to the Minister, not least for stepping in and giving us the opportunity to hear such a clear exposition of the purpose of the order that we are debating this afternoon. Of course, the order adds continuity of telecommunications services to the public interest considerations...
My Lords, I am grateful to the Minister, not least for stepping in and giving us the opportunity to hear such a clear exposition of the purpose of the order that we are debating this afternoon. Of course, the order adds continuity of telecommunications services to the public interest considerations...
My Lords, it is always a pleasure to speak in the same debate as the noble Lord, Lord Lansley, who has been his normal comprehensive self. I will touch on many similar themes, with one or two additional ones. I thank the noble Baroness, Lady Anderson, for introducing this order,...
My Lords, it is always a pleasure to speak in the same debate as the noble Lord, Lord Lansley, who has been his normal comprehensive self. I will touch on many similar themes, with one or two additional ones. I thank the noble Baroness, Lady Anderson, for introducing this order,...
My Lords, I too thank the noble Baroness, Lady Anderson, for bringing forward this order for scrutiny and for so gamely stepping in at the last minute. We wish the noble Baroness, Lady Twycross, well for a speedy recovery.
This secondary legislation would enable the Secretary of State to take into...
My Lords, I too thank the noble Baroness, Lady Anderson, for bringing forward this order for scrutiny and for so gamely stepping in at the last minute. We wish the noble Baroness, Lady Twycross, well for a speedy recovery.
This secondary legislation would enable the Secretary of State to take into...
My Lords, I thank noble Lords for their best wishes for my noble friend and for their indulgence of me at the Dispatch Box on this matter. I will reflect on Hansard and write regarding any points that I miss, but I hope to be able to give some substantive...
My Lords, I thank noble Lords for their best wishes for my noble friend and for their indulgence of me at the Dispatch Box on this matter. I will reflect on Hansard and write regarding any points that I miss, but I hope to be able to give some substantive...
I am most grateful to the noble Baroness for those several responses to the questions raised. We all mentioned the fact that we have not seen what the CMA has said.
I am most grateful to the noble Baroness for those several responses to the questions raised. We all mentioned the fact that we have not seen what the CMA has said.
The noble Lord is asking the question I was about to ask.
The noble Lord is asking the question I was about to ask.
If the noble Baroness can give us a prospective timetable for when the Secretary of State is going to make decisions, that would be helpful.
If the noble Baroness can give us a prospective timetable for when the Secretary of State is going to make decisions, that would be helpful.
And give a commitment that the CMA report, in full, will be published.
And give a commitment that the CMA report, in full, will be published.
My Lords, you were two magic pieces of paper early. I will go straight to the issue of the CMA’s report. In line with the requirements of the Enterprise Act 2002, the Secretary of State will publish a non-confidential version of the CMA’s report once it has made a decision....
My Lords, you were two magic pieces of paper early. I will go straight to the issue of the CMA’s report. In line with the requirements of the Enterprise Act 2002, the Secretary of State will publish a non-confidential version of the CMA’s report once it has made a decision....
To ask the Secretary of State for Business, Innovation, Science and Trade, what requirements apply to insolvency practitioners to review the evidential basis and proportionality of civil claims against former directors when new evidence becomes available.
To ask the Secretary of State for Business, Innovation, Science and Trade, what requirements apply to insolvency practitioners to review the evidential basis and proportionality of civil claims against former directors when new evidence becomes available.
Statement of Insolvency Practice 2 requires office-holders in administrations and insolvent liquidations to carry out investigations that are proportionate to the circumstances of the case, including whether there are grounds for recovery actions. Insolvency practitioners are expected to keep matters under review as new information becomes available during the insolvency process and to act in accordance with their professional obligations.
They also have statutory obligations to report to the Insolvency Service on the conduct of the directors of an insolvent company.
To ask the Secretary of State for Business, Innovation, Science and Trade, what assessment he has made of the number of regulatory enforcement actions for misconduct taken against a) administrators and b) insolvency practitioners in the 2025 and the first half year of 2026.
To ask the Secretary of State for Business, Innovation, Science and Trade, what assessment he has made of the number of regulatory enforcement actions for misconduct taken against a) administrators and b) insolvency practitioners in the 2025 and the first half year of 2026.
The Recognised Professional Bodies (RPBs) are responsible for regulating the insolvency practitioners they authorise, including those acting as administrators.
The Insolvency Service monitors the effectiveness of the regulatory framework through its oversight of the RPBs. Data on regulatory and disciplinary activity undertaken by the RPBs is published in the Insolvency Service’s annual review of insolvency practitioner regulation.
The Insolvency Service has not made a separate assessment of the number of regulatory enforcement actions or investigations for misconduct taken against administrators or insolvency practitioners.
To ask the Secretary of State for Business, Innovation, Science and Trade, what assessment he has made of the number of regulatory enforcement investigations of misconduct taken against a) administrators and b) insolvency practitioners in the last three years.
To ask the Secretary of State for Business, Innovation, Science and Trade, what assessment he has made of the number of regulatory enforcement investigations of misconduct taken against a) administrators and b) insolvency practitioners in the last three years.
The Recognised Professional Bodies (RPBs) are responsible for regulating the insolvency practitioners they authorise, including those acting as administrators.
The Insolvency Service monitors the effectiveness of the regulatory framework through its oversight of the RPBs. Data on regulatory and disciplinary activity undertaken by the RPBs is published in the Insolvency Service’s annual review of insolvency practitioner regulation.
The Insolvency Service has not made a separate assessment of the number of regulatory enforcement actions or investigations for misconduct taken against administrators or insolvency practitioners.
To ask the Secretary of State for Business, Innovation, Science and Trade, what assessment the Department has made of the adequacy of protections against legal costs for former company directors facing claims brought by liquidators and those litigation funders to whom liquidators assign claims.
To ask the Secretary of State for Business, Innovation, Science and Trade, what assessment the Department has made of the adequacy of protections against legal costs for former company directors facing claims brought by liquidators and those litigation funders to whom liquidators assign claims.
Liquidators are qualified and regulated professionals, subject to statutory duties, professional standards, and court oversight.
Civil Procedure Rules provide for court scrutiny and control of legal costs, including powers to disallow costs based on proportionality, reasonableness, and conduct of the parties. Where appropriate, defendants may apply for security for costs. Such matters remain subject to the court’s discretion.
A range of litigation insurance options are also available to directors.
As such, the Department considers that existing legal and regulatory safeguards provide appropriate protection against legal costs for former company directors facing claims brought by liquidators or assigned to third parties.