Written question asked by Sydney Chapman (Conservative) on Wednesday, 5 February 2003, in the House of Commons. It was due for an answer on Monday, 10 February 2003. It was answered by Ruth Kelly (Labour) on Monday, 10 February 2003 on behalf of the Treasury.

Treasury

Question: To ask Mr Chancellor of the Exchequer, pursuant to his Answer of 14th January 2003 c397 c514W, on home insurance, when the FSA will be consulting on the disclosure of fees charged by mortgage providers for switching insurance taken out as a condition of the mortgage; and if he will ask the FSA to consult additionally on whether these fees should be abolished.

Answer: Sir Sydney Chapman: To ask the Chancellor of the Exchequer pursuant to his answer of 14 January 2003, Official Report, column 514W, on home insurance, when the FSA will be consulting on the disclosure of fees charged by mortgage providers for switching insurance taken out as a condition of the mortgage; and if he will ask the FSA to consult additionally on whether these fees should be abolished. [96826] Ruth Kelly: The Financial Services Authority (FSA) consulted on its proposals for the disclosure of fees charged for switching insurance in its consultation paper, CP 146. There will be a further consultation on this as part of its draft rules, and this paper will issue at the end of April 2003. This will provide a further opportunity for those interested to air their concerns on the matter. It is not for the Government to direct the FSA on the content of their consultation on mortgages.

Secondary information

Type: Written question
Reference: 96826; 399 c607W;399 c605W
Session: 2002-03
Subjects: Consumers Administration Fees and charges Insurance companies Financial institutions Protection Mortgages Regulation Home insurance
Link: View this Written question on www.publications.parliament.uk

Treasury

Secondary information

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