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answering dept short name	Treasury
tabling member printed	Paul Farrelly
tabling member › label	Biography information for Paul Farrelly
ddp modified	2019-04-25T09:21:03.007Z
max answer › question first answered	2019-07-18T10:35:40.003Z

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Search Results

registered interest

date

exactly:

or between:
and

answering body

answering dept id

answering dept short name

answering dept sort name

hansard heading

house id

legislature


pref label

question text

tabling member constituency

tabling member printed

uin

answer

is ministerial correction

date of answer

exactly:

or between:
and

answer text

answering member constituency

answering member printed

question first answered

answering member


label

tabling member


label

1121732

registered interest

date

18/04/2019

answering body

Treasury

answering dept id

answering dept short name

Treasury

answering dept sort name

Treasury

hansard heading

House Insurance

house id

legislature

25259

pref label	House of Commons

question text

To ask the Chancellor of the Exchequer, with reference to the 10 April 2019 Insurance Age article entitled Citizens Advice slams home insurers in dual pricing report, what assessment he has made of the implications for his Department's policies of the finding that home insurance companies make over half of their profits from people defined by the regulator as potentially vulnerable.

tabling member constituency

Newcastle-under-Lyme

tabling member printed

Paul Farrelly

uin

245669

answer

is ministerial correction

date of answer

25/04/2019

answer text

The Government is focussed on ensuring that the insurance industry functions well for everyone. To that end, Government welcomed the launch of the FCA’s General Insurance Pricing Practices Market Study in October 2019. The Market Study is investigating consumer outcomes from insurers’ pricing practices; it is looking specifically at the potential harm suffered by the vulnerable long-standing customers that Citizens Advice refers to in its press release of 10 April 2019. As a part of the Market Study the FCA will consider all potential remedies that may be required to make the market work well for consumers. The FCA is empowered to address misconduct, and where this has occurred it can undertake investigations and impose financial penalties or order firms to cease certain activities. The Government is monitoring the outcome of this Market Study and is prepared to ask the FCA to take further action if required.

answering member constituency

Salisbury

answering member printed

John Glen

question first answered

25/04/2019 08:49:18

answering member

4051

label	Biography information for John Glen

tabling member

1436

label	Biography information for Paul Farrelly