Committee publication · Correspondence · 14 July 2026
Correspondence from Chair to Fairer Finance on consumer finance oral evidence follow-up, dated 29 June 2026
From: Treasury Committee
Inquiry: Consumer finance
Summary
Treasury Committee Chair Dame Meg Hillier requests written follow-up from Fairer Finance Managing Director James Daley following his 24 June 2026 oral evidence session. The letter seeks detailed responses on consumer harms in insurance markets, FCA intervention effectiveness, and the feasibility of basic insurance products, with responses due by 6 July 2026 to inform subsequent FCA evidence.
Key findings
- Committee seeks additional detail on main consumer harms in insurance, including identifying uninsurable consumer groups and effects of AI and hyper-personalisation
- Fairer Finance requested to explain its position on FCA's existing interventions in the insurance market
- Committee exploring whether basic insurance products should be created with accessibility comparable to basic bank accounts
Tone
ProceduralTopics
consumer-financeinsurancefinancial-regulationAI-ethics
Key actors
Dame Meg Hillier MP, James Daley, Fairer Finance, Treasury Committee, FCA
Notable line
“… we are working on a tighter deadline than usual.”
Key Quotes
“Thank you for appearing in front of the Committee on Wednesday 24 June”
“To ensure your responses are considered for the oral evidence session with the FCA, we are working on a tighter deadline than usual.”
Source · parliament.uk record ↗