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1679392

	registered interest
	date	05/01/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Funerals: Financial Services
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what steps he is taking with the Financial Conduct Authority to help ensure funeral fund providers have sufficient resources to meet their obligations.
	tabling member constituency	Warley
	tabling member printed	John Spellar
	uin	7745
	answer	answer is ministerial correction date of answer 11/01/2024 answer text <p>In January 2021 the government legislated to bring all pre-paid funeral plan providers and intermediaries within the Financial Conduct Authority’s regulatory remit.</p><p> </p><p>The FCA has extensive experience of both conduct and prudential regulation. As part of its regulation of the sector, the FCA have introduced requirements that ensure that funeral plan providers have sufficient funds to fulfil the funeral plan contracts they have entered into.</p><p> </p><p>This includes rules that require funeral plan providers to:</p><p> </p><ul><li>place sufficient funds to provide any agreed upon funeral in a trust or insurance arrangements;</li></ul><p> </p><ul><li>have systems and controls in place to ensure the adequacy of those trust and insurance arrangements and to ensure that pricing does not lead to insufficient sums being available to provide the agreed upon funeral; and</li></ul><p> </p><ul><li>consider the risk of inflation and volatility of trust assets when assessing the sums needed to provide for the funeral.</li></ul> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 11/01/2024 17:05:56 answering member 4639 label Biography information for Bim Afolami
	tabling member	318 label Biography information for John Spellar

1679402

	registered interest
	date	05/01/2024
	answering body	Foreign, Commonwealth and Development Office
	answering dept id	208
	answering dept short name	Foreign, Commonwealth and Development Office
	answering dept sort name	Foreign, Commonwealth and Development Office
	hansard heading	Ethiopia and Somaliland: Ports
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Minister of State, Foreign, Commonwealth and Development Office, what assessment he has made of the implications for his policies of the agreement between Somaliland and Ethiopia to provide port access.
	tabling member constituency	Warley
	tabling member printed	John Spellar
	uin	7748
	answer	answer is ministerial correction date of answer 11/01/2024 answer text <p>The FCDO noted the 1 January 2024 announcement of a Memorandum of Understanding between Ethiopia and Somaliland, which suggests that Ethiopia will recognise Somaliland's independence in return for the lease of territory along its coastline. The UK is clear that we respect Somalia's sovereignty and territorial integrity. Our position on Somaliland remains unchanged: alongside our international partners we do not recognise Somaliland as an independent state. We believe the settlement of Somaliland's status is for Somalia and Somaliland to resolve, through a consultative process. We are engaging all countries involved to call for calm and encourage dialogue.</p> answering member constituency Sutton Coldfield answering member printed Mr Andrew Mitchell question first answered 11/01/2024 10:14:25 answering member 1211 label Biography information for Mr Andrew Mitchell
	tabling member	318 label Biography information for John Spellar