Oral question asked in the House of Lords, by Lord Harrison (Labour). It was answered by Lord Sassoon (Conservative) on Wednesday, 12 January 2011.

Finance and Insurance Market: Underwriting Fees

Question: To ask Her Majesty’s Government what assessment they have made of the level of underwriting fees in the United Kingdom finance and insurance market.

Answer: My Lords, the Office of Fair Trading is currently undertaking analysis of the way the underwriting market works and assessing whether there is potential for improving the way it functions. The report will consider how underwriting services are purchased, how underwriting services are provided and how the regulatory environment affects the provision of these services. The report is intended to be published later this month. The Government await with interest the findings of the report.

Secondary information

Type: Oral question
Reference: 723 c1395
Session: 2010-12
Oral question type: Lead
Chamber / Committee: House of Lords chamber
Subjects: Companies Fees and charges Financial institutions Insurance Shares
Link: View this Oral question on www.publications.parliament.uk