Abta has argued for some time the government needs to step in to bring greater clarity for consumers, and we welcome the commitment in the Queen’s Speech to bring forward legislative proposals.
Two years ago, following the failure of Monarch, I made clear the importance of government taking action to protect consumers before any further major failures.
Unfortunately, this has not been the case and, as a result, the same issues were being discussed and debated when the industry met recently at our latest convention in Tokyo, Japan.