This question has been answered by the relevant Government Department.
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
Legend for business item text
† Item that is new or altered.
* Item is an oral question.
Numbers starting HL are unique identifiers for written questions, Bills or papers.
Member's Registered Interests
There are no interests to show.