Written Question·Treasury·UIN 28617
Insurance: Corruption
Tabled: 4 February 2025
Answered: 10 February 2025
Question
Steve Darling
Liberal Democrat — Torbay
To ask the Chancellor of the Exchequer, what steps the Government is taking to (a) investigate and (b) raise awareness of (i) unethical and (ii) potentially corrupt practices within the insurance industry.
Answer
Emma ReynoldsThe Financial Conduct Authority (FCA) is the independent body responsible for regulating and supervising the financial services industry, including insurance firms. Insurers must treat customers fairly under the FCA’s rules. The FCA monitors firms to ensu...
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