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1140852

registered interest
date	22/07/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Funerals: Pre-payment
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what plans he has to bring pre-payment funeral plans under the regulation of the Financial Conduct Authority in line with other financial products.
tabling member constituency	Cardiff West
tabling member printed	Kevin Brennan
uin	280142
answer	answer is ministerial correction date of answer 25/07/2019 answer text <p>HM Treasury launched a call for evidence on the regulation of pre-paid funeral plans in June 2018. The call for evidence has confirmed that consumer detriment is present in the pre-paid funeral plan sector and that there is broad demand for the sector to come under compulsory regulation.</p><p> </p><p>Consequently, the government intends to bring the pre-paid funeral plan market within the remit of the Financial Conduct Authority and is currently consulting on the proposed legislative framework to implement this proposal. This will allow the FCA to establish a robust regulatory regime which will apply to all funeral plan providers, and improve protection for consumers.</p> answering member constituency Richmond (Yorks) answering member printed Rishi Sunak question first answered 25/07/2019 15:37:02 answering member 4483 label Biography information for Rishi Sunak
tabling member	1400 label Biography information for Kevin Brennan

1137526

registered interest
date	08/07/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Funerals: Pre-payment
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what steps he is taking to improve the protection of funds held by companies for prepaid funerals.
tabling member constituency	Oldham West and Royton
tabling member printed	Jim McMahon
uin	274606
answer	answer is ministerial correction date of answer 11/07/2019 answer text <p>HM Treasury launched a call for evidence on the regulation of pre-paid funeral plans in June 2018. The call for evidence has confirmed that consumer detriment is present in the pre-paid funeral plan sector and that there is broad demand for the sector to come under compulsory regulation.</p><p> </p><p>Consequently, the government intends to bring the pre-paid funeral plan market within the remit of the Financial Conduct Authority and is currently consulting on the proposed legislative framework to implement this proposal. This will allow the FCA to establish a robust regulatory regime which will apply to all funeral plan providers, and improve protection for consumers.</p> answering member constituency Salisbury answering member printed John Glen question first answered 11/07/2019 09:53:01 answering member 4051 label Biography information for John Glen
tabling member	4569 label Biography information for Jim McMahon

1128285

registered interest
date	22/05/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Funerals: Pre-payment
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what discussions he has had with representatives from the Competition and Market Authority on ensuring that the (a) delivery (b) marketing and (c) sale of funeral plans are included in the scope of the investigation into the funeral market.
tabling member constituency	Glasgow South
tabling member printed	Stewart Malcolm McDonald
uin	257547
answer	answer is ministerial correction date of answer 05/06/2019 answer text <p>In June 2018, the CMA launched a market study into the funeral sector. The CMA investigated two core areas in connection to the supply of a funeral: (1) how competition between funeral directors works and transparency issues in the provision of funerals; and (2) how competition works in the crematoria segment of the industry. In light of the findings of the market study, the CMA launched a full market investigation into the funeral sector. The scope of the CMA’s market investigation includes the funeral services supplied by funeral directors arising from the redemption of funeral plans.</p><p> </p><p>HM Treasury launched a call for evidence on the regulation of pre-paid funeral plans in June 2018. The call for evidence has confirmed that consumer detriment is present in the pre-paid funeral plan sector and that there is broad demand for the sector to come under compulsory regulation. Consequently, the government intends to bring the pre-paid funeral plan market within the remit of the Financial Conduct Authority and is currently consulting on the proposed legislative framework to implement this proposal.</p><p> </p><p>My officials have engaged with the CMA to ensure the respective investigations are complementary and coherent.</p> answering member constituency Salisbury answering member printed John Glen question first answered 05/06/2019 13:02:22 answering member 4051 label Biography information for John Glen
tabling member	4461 label Biography information for Stewart Malcolm McDonald

1088799

registered interest
date	14/03/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Funerals: Pre-payment
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what effect the Competition and Market Authority’s proposed extension of the scope of its funeral market investigation to consider the delivery of funeral plans will have on the timing of HM Treasury’s response to its consultation on funeral plan regulation.
tabling member constituency	Airdrie and Shotts
tabling member printed	Neil Gray
uin	232580
answer	answer is ministerial correction date of answer 21/03/2019 answer text <p>HM Treasury has analysed the submissions to the call for evidence on pre-paid funeral plans and is currently reviewing the available policy options.</p><p>The response to the call for evidence will be published in due course.</p><p> </p><p>The Competition and Market Authority’s proposed extension of the scope of its funeral market investigation to consider the delivery of funeral plans has not had an effect on the timing of this response.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 232581 question first answered 21/03/2019 15:00:05 answering member 4051 label Biography information for John Glen
tabling member	4365 label Biography information for Neil Gray

1088800

registered interest
date	14/03/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Funerals: Pre-payment
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, when his Department plans to publish its response to its consultation on funeral plan regulation, launched in June 2018.
tabling member constituency	Airdrie and Shotts
tabling member printed	Neil Gray
uin	232581
answer	answer is ministerial correction date of answer 21/03/2019 answer text <p>HM Treasury has analysed the submissions to the call for evidence on pre-paid funeral plans and is currently reviewing the available policy options.</p><p>The response to the call for evidence will be published in due course.</p><p> </p><p>The Competition and Market Authority’s proposed extension of the scope of its funeral market investigation to consider the delivery of funeral plans has not had an effect on the timing of this response.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 232580 question first answered 21/03/2019 15:00:04 answering member 4051 label Biography information for John Glen
tabling member	4365 label Biography information for Neil Gray

1077215

registered interest
date	25/02/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Funerals: Pre-payment
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of urgently bringing forward legislative proposals for the regulation of the sale of pre-paid funeral plans under the remit of the Financial Conduct Authority.
tabling member constituency	East Londonderry
tabling member printed	Mr Gregory Campbell
uin	225427
answer	answer is ministerial correction date of answer 28/02/2019 answer text <p>The government launched a call for evidence on the regulation of pre-paid funeral plans in June 2018, having concluded that the current framework of self-regulation is not sufficient to ensure the fair treatment of consumers, and a more robust regulatory regime is needed.</p><p> </p><p>The call for evidence was launched in order to aid in the design of a more appropriate regulatory framework and noted that government’s initial preferred approach is to bring all funeral plan contracts into the scope of FCA regulation.</p><p> </p><p>HM Treasury has now analysed the submissions to the call for evidence on pre-paid funeral plans and is currently reviewing the available policy options.</p> answering member constituency Salisbury answering member printed John Glen question first answered 28/02/2019 15:45:43 answering member 4051 label Biography information for John Glen
tabling member	1409 label Biography information for Mr Gregory Campbell

1054996

registered interest
date	05/02/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Funerals: Pre-payment
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment his Department has made of the potential merits of implementing transition arrangements in the event that the Financial Conduct Authority becomes responsible for the pre-paid funeral plan market.
tabling member constituency	Swansea East
tabling member printed	Carolyn Harris
uin	217010
answer	answer is ministerial correction date of answer 12/02/2019 answer text <p>HM Treasury has analysed the submissions to the call for evidence on pre-paid funeral plans and is currently reviewing the available policy options.</p><p>This includes considering transitional arrangements to any new regulatory framework. The response to the call for evidence will be published in due course.</p> answering member constituency Salisbury answering member printed John Glen question first answered 12/02/2019 14:53:47 answering member 4051 label Biography information for John Glen
tabling member	4480 label Biography information for Carolyn Harris

1050580

registered interest
date	29/01/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Funerals: Pre-payment
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, when his Department plans to publish its response to the consultation entitled Pre-paid funeral plans, launched in June 2018.
tabling member constituency	Swansea East
tabling member printed	Carolyn Harris
uin	214123
answer	answer is ministerial correction date of answer 05/02/2019 answer text <p>HM Treasury has analysed the submissions to the call for evidence and is currently reviewing the available policy options. The response to the call for evidence will be published in due course.</p> answering member constituency Salisbury answering member printed John Glen question first answered 05/02/2019 11:30:58 answering member 4051 label Biography information for John Glen
tabling member	4480 label Biography information for Carolyn Harris

919257

registered interest
date	07/06/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Funerals: Pre-payment
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, with reference to section 3.1 of his Department’s consultation entitled, Pre-paid funeral plans: call for evidence, published in June 2018, what the evidential basis is for the statement that the current framework of self-regulation in the funeral plan sector is not sufficient.
tabling member constituency	Airdrie and Shotts
tabling member printed	Neil Gray
uin	151193
answer	answer is ministerial correction date of answer 12/06/2018 answer text <p>The Funeral Planning Authority regulates 95% of the market. The FPA reviews registered providers’ compliance with its code of practice and has the power to terminate membership or levy a fine of up to £5,000 should a firm fail to adhere to its principals. These powers have never been used. Moreover, the voluntary nature of the FPA’s jurisdiction means it cannot prevent firms from trading, and that some firms are currently operating outside of regulation entirely. Where things do go wrong, consumers do not have access to adequate redress or arbitration services.</p><p> </p><p>HM Treasury has conducted meetings with several market participants who have indicated that the current framework of self-regulation is insufficient. Citizens Advice Scotland and Fairer Finance have published reports which analyse the pre-paid funeral plan market. The reports highlight numerous failings in the sector including a lack of clarity for consumers and high pressure and misleading sales activity.</p><p> </p> answering member constituency Salisbury answering member printed John Glen question first answered 12/06/2018 14:10:05 answering member 4051 label Biography information for John Glen
tabling member	4365 label Biography information for Neil Gray

919259

registered interest
date	07/06/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Funerals: Pre-payment
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, how many meetings his Department has had with the Financial Conduct Authority on the content in the consultation entitled Pre-paid funeral plans: call for evidence, published in June 2018.
tabling member constituency	Airdrie and Shotts
tabling member printed	Neil Gray
uin	151194
answer	answer is ministerial correction date of answer 12/06/2018 answer text <p>HM Treasury has engaged extensively with the Financial Conduct Authority through a variety of channels in the run up to launching the Call for Evidence on the pre-paid funeral plan market.</p> answering member constituency Salisbury answering member printed John Glen question first answered 12/06/2018 14:08:31 answering member 4051 label Biography information for John Glen
tabling member	4365 label Biography information for Neil Gray