The All-Party Parliamentary Group (APPG) on Investment Fraud and Financial Services is dedicated to advocating for the victims of financial misconduct, crimes, scandals, frauds and regulatory failures, by driving positive, progressive, and purposeful reforms that achieve a fair, trusted and just system, where the service providers, regulators and government agencies provide appropriate protection and deliver good outcomes, including redress for historical wrongs.
We cover a wide range of issues that centre around key themes such as:
- The needs and rights of victims affected by financial crime and investment fraud
- Driving reforms that will protect current and future victims
- Helping to ensure that people are treated fairly and that justice is seen to be served
- Promoting greater transparency, truthfulness and trustworthiness throughout the financial sector
- Galvanising support for systemic changes that benefit consumers and promote ethical practices
The APPG has grown organically over the years, including through it absorbing what was the APPG on Pension Scams and also the Investment Fraud APPG. The latter still has its own identity within the APPG and a sub-committee that leads its work; for further information about that see here.
An All Party Parliamentary Group (APPG) is an interest group that occupies a strategic and effective position within Parliament. It is cross-party, with a minimum number of parliamentarians from the Government and the official opposition, and cross-house, made up of both peers and MPs.
The APPG on Investment Fraud and Fairer Financial Services is a platform for constructive dialogue through which all stakeholders can exchange insights, experience and ideas with a view to helping to solve shortcomings in the financial services space.
All stakeholders are invited to provide meaningful input and help, including:
• Victims of banking-related-scams
• Policymakers
• Parliamentarians
• Market participants within the banking sector
• Financial regulators
• Media professionals with a focus on banking and personal finance sector
• Legal professionals
• Support groups
• Think Tanks
• Research organisations
• Banking and personal finance Trades Bodies and Professional Associations
• Charities that can offer support; and so on
As a cross-party group, the APPG is an effective vehicle to effect meaningful change via the Parliamentary system. The Group’s status is that of an APPG and as such is bound by the rules set out by The Office of the Parliamentary Commissioner for Standards. It does not have charitable status, or official status in the House, nor is it funded by Parliament. It relies wholly on the participation and contribution of parliamentarians, industry members and stakeholders committed to creating a strong platform for meaningful change.
The APPG is supported by the Transparency Task Force, which provides essential guidance and resources to help us achieve our goals.