Schedule 33 - Insurance companies
Finance Bill
9:30 pm
Mr David Wilshire (Spelthorne, Conservative)
The Committee will know that I am not a financial expert. My hon. Friend says that the provision will affect life assurance companies. Can he tell the Committee about its effect on people who have life insurance? Will they get lower payments and be further disadvantaged on top of all the other things that have happened to insurance and pensions companies?