Meeting of the Parliament 22 January 2026 [Draft]
I thank Clare Haughey for bringing the issue to the chamber. Of course, our thoughts will be with the loved ones of those who have lost their lives. I also pay tribute to Clare Haughey for supporting the members of credit unions.
I can tell Clare Haughey that I have written again this week to Lucy Rigby, the Economic Secretary to the Treasury, to highlight the concerns of some of the Scottish credit unions and to offer to meet her to discuss the issue. In my letter, I set out three issues that require the Treasury’s urgent attention. The first is support for families who face funeral costs without adequate cover. The second is a clear determination of whether any kind of misconduct or regulatory breach has occurred in the sale or administration of the policy, including during its closure. The third is consideration of any reforms that are needed to improve consumer protection in relation to closed-book and group insurance products. We continue to engage with stakeholders on that issue.