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1357144
registered interest false more like this
date less than 2021-09-21more like thismore than 2021-09-21
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 more like this
hansard heading Probate 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 assessment his Department has made of the potential merits of further increasing the probate limit. more like this
tabling member constituency Loughborough remove filter
tabling member printed
Jane Hunt more like this
uin 52624 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2021-09-29more like thismore than 2021-09-29
answer text <p>The Government has made no recent assessment in relation to the effect of increasing the probate limit. In most circumstances the provision of a bank’s services, including the administration around bereavement, are a commercial decision for the bank. The Government does not intervene in these decisions.</p><p> </p><p>The treatment of customers by UK banks and building societies which are regulated by the Financial Conduct Authority (FCA) is governed by its Principles of Business. This includes a general requirement for firms to provide a prompt, efficient and fair service to all their customers, including those who have recently suffered a bereavement. The FCA does not have specific rules or guidance regarding probate in its rules. However, all firms regulated by the FCA are bound by its Principles which apply to the way banks and building societies conduct themselves. This includes how they handle probate.</p><p> </p><p>The main current account providers also publish information about the additional services they offer consumers, including information on the bereavement services they offer. More information can be found on the FCA website: <a href="https://www.fca.org.uk/data/mandated-voluntary-information-current-account-services/providers-links#voluntary" target="_blank">https://www.fca.org.uk/data/mandated-voluntary-information-current-account-services/providers-links#voluntary</a></p><p> </p><p>The Government remains supportive of previous industry efforts to improve handling of these sensitive cases, including the implementation of the British Bankers’ Association’s (now known as UK Finance) Bereavement Principles. These Principles include a commitment from firms to provide support to meet individuals’ needs throughout the bereavement process and to work to resolve everything as quickly and simply as possible.</p>
answering member constituency Salisbury more like this
answering member printed John Glen more like this
question first answered
less than 2021-09-29T14:26:16.227Zmore like thismore than 2021-09-29T14:26:16.227Z
answering member
4051
label Biography information for John Glen more like this
tabling member
4839
label Biography information for Jane Hunt remove filter