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Baroness Bowles of Berkhamsted to ask Her Majesty's Government what assessment they have made of (1) the effects of IFRS 17 on the profits of the inherited estate of insurance companies, and (2) the reported remarks by Peter Drummond that IFRS 17 allows profits to be recognised in the accounts of insurance companies before the shareholders are entitled to those profits, and that this estate may amount to £30bn for the three main insurers.  HL3772

Question HL3772: tabled on 8 November 2021 and due for answer by 22 November 2021

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Baroness Bowles of Berkhamsted to ask Her Majesty's Government what assessment they have made of (1) the effects of IFRS 17 on the profits of the inherited estate of insurance companies, and (2) the reported remarks by Peter Drummond that IFRS 17 allows profits to be recognised in the accounts of insurance companies before the shareholders are entitled to those profits, and that this estate may amount to £30bn for the three main insurers.  HL3772
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