APPG in Planting Fraud Fraud Certify Certeries New Officials and Stop Things Coming First for Review 2026
A new leadership team has been appointed to Parliament’s day-to-day working group on fraud and fair financial services following its annual meeting at Portcullis House, Westminster.
Members from both houses came together on 10 December 10 to the Elector Police and agreed to the party’s priorities for the next year – a year they warn will be very important in rebuilding the financial system of the UK.
Hayes and Harlington MP John McDonnell were confirmed as the new Appg chair, supported by the Pross-Party of Vice: Sarah Bool MP, Lord Davies of Brixton, and Ben Lake MP. Together, they form one of Westminster’s most diverse leadership groups dedicated to financial reform.
Accepting the role, McDonnell said he was praised for leading the group in a “critical look” at the look of financial fraud in the UK, stressing that the victims of regulatory failures “deserve ‘, we will not allow the race under the law’.
He pointed out that the protection of consumers must be considered not as an increase but as “the basis of a financial system that works when there is a need for society”, adding that the appg will be accountable where they work where they work when they work with co-workers and commercial bodies.
“We look forward to working with any business that wants to help the financial sector thrive by serving the community as much as possible,” he said, adding that appg was already preparing its policy agenda for 2026.
Chair Varah Bool said that while the Conservatives believe in free markets, those markets “must also be fair”.
Lord Daving of Brixton emphasized the dire personal consequences of misconduct, saying financial fraud had “destroyed real lives, stolen pensions, lost homes, lost futures, lost futures, lost futures”. He vowed to continue to resolve controversial challenges and invite ordinary families.
Ben Lake MP highlighted the devastation to communities across Wales and the UK, revealing small businesses have had their lives ruined after losing savings to fraud. “These are not abstract policy issues, they affect people everywhere,” he said.
The AGM reaffirmed Appg’s Central Theme – that strong consumer protection and strong enforcement are not obstacles to economic success, but essential to it.
This group remains very concerned about what it calls “the growing lack of the UK, to warn that it is weak and to force public participation in the financial markets, it harms international stability and erodes stability.
Its investigative work for 2025, which includes several parliamentary debates and a high-profile report targeting the fiscal authority, will inform its approach in 2026.
The AppG has confirmed that it will continue to act as a platform for dialogue between victims, regulators, members of Parliament, financial firms and the public. A program of public hearings, evidence gathering, and policy engagement is planned for the next year.
The group operates illegally. Its Percenariat is run entirely by PRO BOOBO through the Profrency Task Force, a certified public entity, to ensure that its work remains “without undue influence and focused mainly on the public interest”.
The group’s mission is to support victims of financial misconduct and fraud, and to drive reforms that deliver a fairer and more reliable financial system. It is governed by the rules of the Office of the Parliamentary Commissioner for Standards and receives Parliamentary funding.
