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1699046
registered interest false more like this
date less than 2024-03-26more like thismore than 2024-03-26
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury remove filter
hansard heading Safe Hands Plans: Insolvency more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, with reference to the oral question from the hon. Member for Blaenau Gwent of 19 March 2024, Official Report, column 794, when he expects the Financial Conduct Authority will complete its investigation into Safe Hands Ltd. more like this
tabling member constituency Blaenau Gwent remove filter
tabling member printed
Nick Smith more like this
uin 20582 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2024-04-15more like thismore than 2024-04-15
answer text <p>The Treasury and FCA have worked closely throughout the process of bringing the pre-paid funeral plan sector into regulation, as well as during the implementation of the new regulatory framework.</p><p> </p><p>On 11 October 2023 the Serious Fraud Office (SFO) announced that it was conducting a criminal investigation into Safe Hands Plans Limited. As I am sure you will understand, I am unable to comment on this ongoing investigation.</p> more like this
answering member constituency Hitchin and Harpenden more like this
answering member printed Bim Afolami more like this
grouped question UIN 20583 more like this
question first answered
less than 2024-04-15T11:27:13.747Zmore like thismore than 2024-04-15T11:27:13.747Z
answering member
4639
label Biography information for Bim Afolami more like this
tabling member
3928
label Biography information for Nick Smith more like this
1699047
registered interest false more like this
date less than 2024-03-26more like thismore than 2024-03-26
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury remove filter
hansard heading Safe Hands Plans: Insolvency more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, with reference to his oral contribution in response to the question from the hon. Member for Blaenau Gwent of 19 March 2024, Official Report, column 794, if he will commit to an Independent Review of the funeral firm Safe Hands Ltd. more like this
tabling member constituency Blaenau Gwent remove filter
tabling member printed
Nick Smith more like this
uin 20583 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2024-04-15more like thismore than 2024-04-15
answer text <p>The Treasury and FCA have worked closely throughout the process of bringing the pre-paid funeral plan sector into regulation, as well as during the implementation of the new regulatory framework.</p><p> </p><p>On 11 October 2023 the Serious Fraud Office (SFO) announced that it was conducting a criminal investigation into Safe Hands Plans Limited. As I am sure you will understand, I am unable to comment on this ongoing investigation.</p> more like this
answering member constituency Hitchin and Harpenden more like this
answering member printed Bim Afolami more like this
grouped question UIN 20582 more like this
question first answered
less than 2024-04-15T11:27:13.793Zmore like thismore than 2024-04-15T11:27:13.793Z
answering member
4639
label Biography information for Bim Afolami more like this
tabling member
3928
label Biography information for Nick Smith more like this
1677375
registered interest false more like this
date less than 2023-12-12more like thismore than 2023-12-12
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury remove filter
hansard heading Greensill more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, with reference to the Fifth Special Report of the Treasury Committee of Session 2021–22 entitled Lessons from Greensill Capital: Responses to the Committee’s Sixth Report of Session 2021–22, HC 723, whether the Financial Conduct Authority has implemented the recommendations in that report. more like this
tabling member constituency Blaenau Gwent remove filter
tabling member printed
Nick Smith more like this
uin 6468 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2023-12-18more like thismore than 2023-12-18
answer text <p>This is a matter for the Financial Conduct Authority (FCA), which is independent from Government. The FCA will respond to the Honourable Member by letter, and a copy of the letter will be placed in the Library of the House of Commons.</p> more like this
answering member constituency Hitchin and Harpenden more like this
answering member printed Bim Afolami more like this
question first answered
less than 2023-12-18T17:25:22.24Zmore like thismore than 2023-12-18T17:25:22.24Z
answering member
4639
label Biography information for Bim Afolami more like this
tabling member
3928
label Biography information for Nick Smith more like this
1668418
registered interest false more like this
date less than 2023-11-08more like thismore than 2023-11-08
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury remove filter
hansard heading Public Sector: Mileage Allowances more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, what plans his Department has to assist public sector organisations to support workers using their own cars for work. more like this
tabling member constituency Blaenau Gwent remove filter
tabling member printed
Nick Smith more like this
uin 749 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2023-11-13more like thismore than 2023-11-13
answer text <p>Approved Mileage Allowance Payments (AMAPs) are used by employers to reimburse an employee’s expenses for business mileage in their private vehicle, including public sector workers.  These rates are also used by self-employed drivers to claim tax relief on business mileage (simplified motoring expenses). The AMAP rates are not mandatory, and employers can choose to pay more or less than the AMAP rate. It is therefore ultimately up to employers to determine the rate at which they reimburse their employees, including public sector employers. In considering changes to the AMAP/simplified motoring expenses rates, the Government has to balance support for individuals with the responsible management of public finances, which fund our essential public services.</p><p> </p><p>However, the Government recognises that transport is a major cost for individuals and families. At Spring Statement 2022 the Government announced a temporary 12-month cut to duty on petrol and diesel of 5p per litre. In order to continue supporting all motorists, it will extend the 5p fuel duty cut, which is worth £100 to the average driver over the next year.</p><p> </p><p>Like all taxes and allowances, the Government keeps the AMAP rate under review, and any changes will be announced at a future fiscal event.</p>
answering member constituency Grantham and Stamford more like this
answering member printed Gareth Davies more like this
question first answered
less than 2023-11-13T13:25:29.587Zmore like thismore than 2023-11-13T13:25:29.587Z
answering member
4850
label Biography information for Gareth Davies more like this
tabling member
3928
label Biography information for Nick Smith more like this
1655883
registered interest true more like this
date less than 2023-09-01more like thismore than 2023-09-01
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury remove filter
hansard heading Lex Greensill: Credit Suisse more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, whether his Department has made an assessment of the implications for his policies of the role of Lex Greensill in Credit Suisse's risk management failures. more like this
tabling member constituency Blaenau Gwent remove filter
tabling member printed
Nick Smith more like this
uin 195760 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2023-09-07more like thismore than 2023-09-07
answer text <p>The regulation of individual firms is a matter for the independent financial regulators to comment on.</p><p> </p> more like this
answering member constituency Arundel and South Downs more like this
answering member printed Andrew Griffith more like this
question first answered
less than 2023-09-07T09:26:52.107Zmore like thismore than 2023-09-07T09:26:52.107Z
answering member
4874
label Biography information for Andrew Griffith more like this
tabling member
3928
label Biography information for Nick Smith more like this
1568653
registered interest false more like this
date less than 2023-01-19more like thismore than 2023-01-19
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury remove filter
hansard heading Safe Hands Plans: Finance more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, pursuant to Answer of 17 January 2023 to Question 120941 on 17 January 2023 on Safe Hands Plans: Finance, what assessment he has made of the potential implications for his policies of the Financial Conduct Authority's response to concerns raised by his Department regarding Safe Hands Funeral Plans; and whether he will publish his Department correspondence with the Financial Conduct Authority on that issue. more like this
tabling member constituency Blaenau Gwent remove filter
tabling member printed
Nick Smith more like this
uin 127725 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2023-01-25more like thismore than 2023-01-25
answer text <p>Safe Hands Plans went into administration in March 2022. The government understands that this situation is very concerning for customers of Safe Hands.</p><p> </p><p>Since being made aware of misconduct across the funeral plan sector in 2017, the government and Financial Conduct Authority have dedicated significant resource to regulate the sector fully. This has ensured that those trying to make financial arrangements for their funerals now have the right regulatory protections.</p><p> </p><p>The government’s work to bring pre-paid funeral plans into regulation has ensured that – for the first time – 1.6 million funeral plan consumers are protected from poor practice within the sector. Because of the action taken, it is now a criminal offence to sell pre-paid funeral plans without FCA authorisation.</p><p> </p><p> </p> more like this
answering member constituency Arundel and South Downs more like this
answering member printed Andrew Griffith more like this
grouped question UIN
127726 more like this
127727 more like this
127728 more like this
127729 more like this
question first answered
less than 2023-01-25T11:57:11.07Zmore like thismore than 2023-01-25T11:57:11.07Z
answering member
4874
label Biography information for Andrew Griffith more like this
tabling member
3928
label Biography information for Nick Smith more like this
1568655
registered interest false more like this
date less than 2023-01-19more like thismore than 2023-01-19
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury remove filter
hansard heading Safe Hands Plans: Finance more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, pursuant to Answer of 17 January 2023 to Question 120941 on Safe Hands Plans: Finance, what estimate his Department has had made of the number of consumers who were at risk from Safe Hands Funeral Plans in July 2017. more like this
tabling member constituency Blaenau Gwent remove filter
tabling member printed
Nick Smith more like this
uin 127726 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2023-01-25more like thismore than 2023-01-25
answer text <p>Safe Hands Plans went into administration in March 2022. The government understands that this situation is very concerning for customers of Safe Hands.</p><p> </p><p>Since being made aware of misconduct across the funeral plan sector in 2017, the government and Financial Conduct Authority have dedicated significant resource to regulate the sector fully. This has ensured that those trying to make financial arrangements for their funerals now have the right regulatory protections.</p><p> </p><p>The government’s work to bring pre-paid funeral plans into regulation has ensured that – for the first time – 1.6 million funeral plan consumers are protected from poor practice within the sector. Because of the action taken, it is now a criminal offence to sell pre-paid funeral plans without FCA authorisation.</p><p> </p><p> </p> more like this
answering member constituency Arundel and South Downs more like this
answering member printed Andrew Griffith more like this
grouped question UIN
127725 more like this
127727 more like this
127728 more like this
127729 more like this
question first answered
less than 2023-01-25T11:57:11.113Zmore like thismore than 2023-01-25T11:57:11.113Z
answering member
4874
label Biography information for Andrew Griffith more like this
tabling member
3928
label Biography information for Nick Smith more like this
1568656
registered interest false more like this
date less than 2023-01-19more like thismore than 2023-01-19
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury remove filter
hansard heading Safe Hands Plans: Finance more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, pursuant to the Answer of 17 January 2023 to Question 120941 on Safe Hands Plans: Finance, whether his Department made an assessment of the potential merits of providing support to Safe Hands’ customers at the time that those concerns were raised. more like this
tabling member constituency Blaenau Gwent remove filter
tabling member printed
Nick Smith more like this
uin 127727 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2023-01-25more like thismore than 2023-01-25
answer text <p>Safe Hands Plans went into administration in March 2022. The government understands that this situation is very concerning for customers of Safe Hands.</p><p> </p><p>Since being made aware of misconduct across the funeral plan sector in 2017, the government and Financial Conduct Authority have dedicated significant resource to regulate the sector fully. This has ensured that those trying to make financial arrangements for their funerals now have the right regulatory protections.</p><p> </p><p>The government’s work to bring pre-paid funeral plans into regulation has ensured that – for the first time – 1.6 million funeral plan consumers are protected from poor practice within the sector. Because of the action taken, it is now a criminal offence to sell pre-paid funeral plans without FCA authorisation.</p><p> </p><p> </p> more like this
answering member constituency Arundel and South Downs more like this
answering member printed Andrew Griffith more like this
grouped question UIN
127725 more like this
127726 more like this
127728 more like this
127729 more like this
question first answered
less than 2023-01-25T11:57:11.143Zmore like thismore than 2023-01-25T11:57:11.143Z
answering member
4874
label Biography information for Andrew Griffith more like this
tabling member
3928
label Biography information for Nick Smith more like this
1568657
registered interest false more like this
date less than 2023-01-19more like thismore than 2023-01-19
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury remove filter
hansard heading Safe Hands Plans: Finance more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, pursuant to Answer of 17 January 2023 to Question 120941 on Safe Hands Plans: Finance, whether his departmental officials contacted representative's of Safe Hands Plans to inquire into the risk those plans posed to consumers. more like this
tabling member constituency Blaenau Gwent remove filter
tabling member printed
Nick Smith more like this
uin 127728 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2023-01-25more like thismore than 2023-01-25
answer text <p>Safe Hands Plans went into administration in March 2022. The government understands that this situation is very concerning for customers of Safe Hands.</p><p> </p><p>Since being made aware of misconduct across the funeral plan sector in 2017, the government and Financial Conduct Authority have dedicated significant resource to regulate the sector fully. This has ensured that those trying to make financial arrangements for their funerals now have the right regulatory protections.</p><p> </p><p>The government’s work to bring pre-paid funeral plans into regulation has ensured that – for the first time – 1.6 million funeral plan consumers are protected from poor practice within the sector. Because of the action taken, it is now a criminal offence to sell pre-paid funeral plans without FCA authorisation.</p><p> </p><p> </p> more like this
answering member constituency Arundel and South Downs more like this
answering member printed Andrew Griffith more like this
grouped question UIN
127725 more like this
127726 more like this
127727 more like this
127729 more like this
question first answered
less than 2023-01-25T11:57:11.19Zmore like thismore than 2023-01-25T11:57:11.19Z
answering member
4874
label Biography information for Andrew Griffith more like this
tabling member
3928
label Biography information for Nick Smith more like this
1568658
registered interest false more like this
date less than 2023-01-19more like thismore than 2023-01-19
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury remove filter
hansard heading Safe Hands Plans: Finance more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, pursuant to Answer of 17 January 2023 to Question 120941 on Safe Hands Plans: Finance, whether his Department holds data on (a) how many more consumers bought a Safe Hands Plan after July 2017, and (b) the estimated average loss to each consumer who had bought a plan. more like this
tabling member constituency Blaenau Gwent remove filter
tabling member printed
Nick Smith more like this
uin 127729 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2023-01-25more like thismore than 2023-01-25
answer text <p>Safe Hands Plans went into administration in March 2022. The government understands that this situation is very concerning for customers of Safe Hands.</p><p> </p><p>Since being made aware of misconduct across the funeral plan sector in 2017, the government and Financial Conduct Authority have dedicated significant resource to regulate the sector fully. This has ensured that those trying to make financial arrangements for their funerals now have the right regulatory protections.</p><p> </p><p>The government’s work to bring pre-paid funeral plans into regulation has ensured that – for the first time – 1.6 million funeral plan consumers are protected from poor practice within the sector. Because of the action taken, it is now a criminal offence to sell pre-paid funeral plans without FCA authorisation.</p><p> </p><p> </p> more like this
answering member constituency Arundel and South Downs more like this
answering member printed Andrew Griffith more like this
grouped question UIN
127725 more like this
127726 more like this
127727 more like this
127728 more like this
question first answered
less than 2023-01-25T11:57:11.223Zmore like thismore than 2023-01-25T11:57:11.223Z
answering member
4874
label Biography information for Andrew Griffith more like this
tabling member
3928
label Biography information for Nick Smith more like this