PARLIAMENTARY EARLY DAY MOTION
FINANCIAL SERVICES COMPENSATION SCHEME AND LEHMAN BROTHERS INVESTORS (29 June 2010)

That this House notes that more than 6,000 people invested savings in structured products backed by Lehman Brothers and which were marketed as 100 per cent. secure by companies such as NDF which sold them; further notes that investors have now lost more than £200 million of their savings following the collapse of Lehman Brothers; further notes that while investors were aware that some of their capital was at risk they were not warned that their monies would be invested in a single fund, making their investment more vulnerable; and calls on the Financial Services Compensation Scheme to compensate all those affected by honouring the Savings Deposit Guarantee for these funds.

Sponsored by:
Dan Rogerson (Liberal Democrat)