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<p>Ensuring that everyone has access to suitable and affordable financial products
and services is a priority for this Government. Last year, the Government published
its Financial Inclusion Report 2021-22 which sets out the steps Government has taken
to widen access to useful and affordable financial services for all, including insurance.</p><p>
</p><p>For example, in addition to the FCA signposting rules mentioned in my previous
response, the Government has also worked with industry on wider issues around improving
access to insurance, including other signposting initiatives. For instance, the Age
Agreement, which we will review this year, offers support for older consumers struggling
to access motor and travel insurance.</p><p> </p><p>The FCA has also taken steps to
ensure fairer outcomes for all motor and home insurance customers. As of 1 January
2022, insurers cannot charge renewing customers a higher price than they would pay
if they were a new customer purchasing via the same channel.</p>
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