Govt can't predict impact of Solvency II on prices

A written question tabled by Labour MP Chris Leslie asks the Chancellor about the discussions he had with his EU counterparts on Solvency II and "what assessment he has made of the potential effect on consumer prices of implementation of the capital requirements under consideration". In reply, financial secretary to the Treasury Hoban said: "The potential effect on consumer prices of implementation of the Solvency II capital requirements cannot be sensibly estimated yet as the rules are still not finalised. "The Government continue to work closely with the Financial Services Authority...