Insurance: Prices

Treasury written question – answered on 15th October 2020.

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Photo of John Spellar John Spellar Labour, Warley

To ask the Chancellor of the Exchequer, what plans he has to respond to the Financial Conduct Authority's report, General insurance pricing practices: Final report, published in September 2020.

Photo of John Glen John Glen Minister of State (Treasury) (City), The Economic Secretary to the Treasury

Consumers should be able to get a fair deal when purchasing insurance. The FCA has set out proposals to deliver this in its report on General Insurance Pricing Practices. We are engaging with the regulator and the sector on next steps and will be interested in the outcome of the FCA’s consultation due in early 2021.

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