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1696556

registered interest
date	18/03/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services: Compensation
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what assessment they have made of the systemic impact from the Financial Conduct Authority’s crackdown on wealth management services under the Consumer Duty; what estimate they have made of the likely total compensation that will need to be paid by wealth management firms; and what other areas of the financial sector they expect to be impacted by the Consumer Duty.
tabling member printed	Baroness Bennett of Manor Castle
uin	HL3313
answer	answer is ministerial correction date of answer 28/03/2024 answer text <p>Requirements regarding financial adviser ongoing services started in 2013 following the Retail Distribution Review, with additional requirements resulting from the Markets in Financial Instruments Directive in 2018.</p><p>In February, the FCA wrote to a number of financial adviser firms requesting information about their delivery of ongoing services, for which their clients continue to be charged. The FCA is collecting this information to assess what, if any, further regulatory work it may undertake in this area.</p><p>The FCA’s new Consumer Duty seeks to set a higher and clearer standard of care that firms owe their customers. The FCA is an independent non-governmental body and is responsible for determining the application of the relevant rules. The Government will continue to monitor the effectiveness of Consumer Duty rules, as they bed in and as industry becomes more familiar with them.</p> answering member printed Baroness Vere of Norbiton question first answered 28/03/2024 12:40:27 answering member 4580 label Biography information for Baroness Vere of Norbiton
tabling member	4719 label Biography information for Baroness Bennett of Manor Castle

1696557

registered interest
date	18/03/2024
answering body	Department for Environment, Food and Rural Affairs
answering dept id	13
answering dept short name	Environment, Food and Rural Affairs
answering dept sort name	Environment, Food and Rural Affairs
hansard heading	Gun Sports: Lead
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what assessment they have made of the findings of the SHOT-SWITCH research project, published in Conservation Evidence, about the voluntary transition from hunting with lead to non-lead ammunition in Great Britain; and what plans they have to ban the use of lead shot in hunting in England.
tabling member printed	Baroness Bennett of Manor Castle
uin	HL3314
answer	answer is ministerial correction date of answer 03/04/2024 answer text <p>The use of lead shot in England and Wales is already prohibited in specific circumstances by existing legislation – including on all foreshores, and in or over specified sites of special scientific interest, predominantly wetlands.</p><p> </p><p>The Health and Safety Executive (HSE) is currently preparing recommendations on further action to restrict the use of lead in ammunition. This work has included looking at information submitted to them with regard to possible options to control the use of lead ammunition. The previous SHOT-SWITCH study has been considered and is referenced in the background document of evidence (attached to this answer) which was put out with the public consultation last year.</p><p> </p><p>HSE expects to issue its final restriction opinions later this year. The decision to apply any UK REACH restrictions as a further regulatory measure, or not to do so, will subsequently be made by the Defra Secretary of State, with the consent of the Scottish and Welsh Ministers.</p> answering member printed Lord Douglas-Miller question first answered 03/04/2024 12:54:52 answering member 5006 label Biography information for Lord Douglas-Miller attachment 1 file name HL3314 attachment.pdf title HL3314 Attachment
tabling member	4719 label Biography information for Baroness Bennett of Manor Castle