1-2 of 2 results for subject:Funerals
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- subject_t:Funerals OR subject_t:"Funeral directors" OR subject_t:Undertakers OR subject_ses:91380
Answering member
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Patricia Hewitt
Type
House
Session
Year
Department
Member
Primary member
Answering member
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Hewitt, Patricia (2)
Legislative stage
Legislation
Subject
Publisher
Statement on when the consultation document on pre-payments for funerals is to be published. - Inc ref to "Regulation of Pre-paid Funeral Plans" in the Library and V317 c300W.
Statement on when the consultation document on pre-payments for funerals is to be published. - Inc ref to "Regulation of Pre-paid Funeral Plans" in the Library and V317 c300W.
Asked by
Jackie Lawrence
(Labour)
Answered by
Patricia Hewitt
(Labour)
Answering body
Treasury
Type
Written questions
Status
Answered
For answer on
14 January 1999
Answered on
14 January 1999
Ms Lawrence: To ask the Chancellor of the Exchequer when the consultation document on pre-payments for funerals is to be published.
[66317]
Ms Hewitt: The consultation document entitled "Regulation of Pre-paid Funeral Plans" is published today. Copies have been placed in
the Libraries of both Houses of Parliament.
In my announcement of 29 July 1998, Official Report, column 300, I said that the Government would be looking at ways of excluding
from direct regulation under the Financial Services and Markets Bill pre-paid funeral arrangements that offer sufficient protection
to consumers. The consultation document explores how to meet that objective without the need for regulation by the Financial
Services Authority. It discusses two possible exemptions: plans backed by a life insurance policy (either whole of life or
investment-backed); and where a provider has set up a trust arrangement which has sufficient safeguards.
The proposals apply to new plans, but the document asks for views on how existing plans could be enhanced to provide the types of
safeguard set out in the document.
Responses should be sent by 30 April to Mrs. Raminder Sandhu, Financial Services Team, HM Treasury, Room 111/G, Parliament Street,
London SW1P 3AG.
Subjects
Consumers; Funerals; Protection; Regulation; Consultation papers; Pre-payment
Date
14 January 1999
Reference
66317; 323 c283-4W
House
House of Commons
To ask the Chancellor of the Exchequer what plans he has to regulate pre-payments for funerals.
To ask the Chancellor of the Exchequer what plans he has to regulate pre-payments for funerals.
Asked by
Stephen Timms
(Labour)
Answered by
Patricia Hewitt
(Labour)
Answering body
Treasury
Type
Written questions
Status
Answered
For answer on
29 July 1998
Answered on
29 July 1998
Mr. Timms: To ask the Chancellor of the Exchequer what plans he has to regulate pre-payments for funerals. [53939]
Ms Hewitt: The planned legislation to establish the Financial Services Authority as a single financial regulator provides the
opportunity to put in place some essential protections for pre-payments for funerals. Pre-payments for funerals will be included in
the scope of regulation under the Bill. However, we will be looking at ways of excluding from direct regulation under the Bill
arrangements that offer sufficient protection, such as plans backed by life insurance policies, which meet certain criteria.
Consumer concerns about the conduct of the funeral business will remain the responsibility of the Department of Trade and Industry.
The Government will be consulting on the proposals in due course. A consultation document will explain our plans in more detail. As
part of the consultation we will be seeking views on possible criteria which life policies backing pre-paid funeral plans might meet
if the plans are to stay outside the scope of the Bill. The key aim in setting these criteria will be to see that appropriate
safeguards exists, so that when the funeral is delivered, the money is there to pay for it.
I am determined to see that pre-payments for funerals are kept safely and are sufficient to meet the funeral costs. The framework I
propose is designed to ensure that, as far as possible, consumers get the funeral for which they have paid.
Subjects
Consumers; Funerals; Protection
Date
29 July 1998
Reference
53939; 317 c300W
House
House of Commons