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United Kingdom · Question · Written question

UIN 10136

Discretionary Trusts

Original

answeredUnited Kingdom· UK Parliament· EN

Introduced

17 January 2024

Last action

22 January 2024 · Answer

Status

Answered

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Subjects

Discovery layer

Source updated

22 January 2024

Summary

To ask the Secretary of State for Justice, whether his Department is taking steps to prevent the practice of intermediaries selling mismanaged Family Protection Trusts to clients.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 17 January 2024

    Written question

    To ask the Secretary of State for Justice, whether his Department is taking steps to prevent the practice of intermediaries selling mismanaged Family Protection Trusts to clients.

    Source: Commons

  2. 22 January 2024

    Answer

    The legal profession in England and Wales operates independently of government. The responsibility for regulating the sector sits with the approved regulators, overseen by the Legal Services Board (LSB). Lawyers involved in setting up trusts are subject t...

    Source: Written answer

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