Committee publication · Correspondence · 24 June 2026
Correspondence from Chair to the FCA on follow-up to Financial Inclusion session, dated 10 June 2026
From: Treasury Committee
Inquiry: Financial Inclusion Strategy
Summary
The Treasury Committee Chair writes to the FCA's Deputy Chief Executive following a 9 June 2026 financial inclusion hearing, requesting written follow-up on three points: FCA duties to 'have regard' to various matters and their introduction dates; FCA work on home insurance for leaseholders facing access and affordability problems; and whether the Financial Lives Survey captures geographic data on financially excluded consumers.
Key findings
- Committee requests clarification on all current FCA 'have regard' duties and their statutory introduction dates
- Committee seeks details of FCA's assessment of poor outcomes in leaseholder home insurance market, particularly regarding difficulty obtaining cover, high excesses, and short-term availability
- Committee asks whether Financial Lives Survey enables geographic identification of financially excluded or vulnerable consumers and how FCA uses such analysis
Tone
ProceduralTopics
financial-inclusionconsumer-protectioninsuranceregulatory-oversight
Key actors
Dame Meg Hillier MP, Sarah Pritchard, Financial Conduct Authority, Treasury Committee
Notable line
“What work has the FCA undertaken in relation to home insurance for leaseholders, particularly where consumers are facing difficulties obtaining insurance, high excesses …”
Key Quotes
“During the hearing, I asked you to follow up in writing on the following points.”
“In line with the Committee's usual practice, I will, in due course, be placing this letter and your response in the public domain.”
Source · parliament.uk record ↗