Rosie Cooper MP

Working hard for the people of West Lancashire

13/11/06 MP Rosie comments on Farepak

On the situation with Farepak, Rosie comments:

"Some families face a bleak Christmas after the failure of the Christmas savings club Farepack. One of the reasons I’ve never liked these schemes is they are effectively savings schemes, but without the standard Financial Services Authority protections (with a normal deposit account up to £36,000 is protected). I think that it’s time these schemes were regulated. I know the Government is working hard on behalf of these families and I hope we will get some good news and that these families will get to enjoy a happy and merry Christmas this year." 

The Labour Party will place cookies on your computer to help us make this website better.

Please read this to review the updates about which cookies we use and what information we collect on our site.

To find out more about these cookies, see our privacy notice. Use of this site confirms your acceptance of these cookies.