LEHMAN-BACKED STRUCTURED PRODUCTS

Early day motion 1432, tabled 6 May 2009 by Lord Vaizey of Didcot (Conservative). Signed by 67 members.

That this House notes that more than 6,000 people invested more than £200 million of their savings in structured products backed by Lehman Brothers; further notes that such products were marketed as 100 per cent. secure by the companies that sold them, such as NDFA; is dismayed that, following the collapse of Lehman Brothers, investors appear to have lost their savings; and urges the Financial Services Authority to conduct a rapid and detailed investigation into the marketing of these products.

Signatures by party: Conservative 24, Labour 21, Liberal Democrat 14, Independent 2, Plaid Cymru 2, DUP 1, Scottish National Party 1, Social Democratic and Labour Party 1, UUP 1.