Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what discussions HM Treasury has had with the Financial Conduct Authority on continuing to publish the outcomes of its regulatory work on premium finance in the insurance market.

The Financial Conduct Authority (FCA) concluded its Premium Finance Market Study in February 2026. The FCA found that since 2022 the cost of paying for insurance monthly had fallen, saving consumers approximately £157 million annually. Following the market study, the regulator is maintaining targeted supervision of higher-priced products and has robust powers to take action where firms do not demonstrate fair value to consumers.

The FCA is operationally independent from the Government. HMT sets the legislative framework for financial services but has no general power of direction over the FCA and cannot intervene in individual regulatory decisions. Its credibility, authority and value to consumers would be undermined if it were possible for the Government to intervene in its day-to-day operations.