§ Mr. Gordon MarsdenTo ask the Secretary of State for Trade and Industry (1) what assessment he has made of the results of the OFT inquiry into the funeral industry; [86280]
(2) what plans he has to review the regulations governing the funeral industry; [86281]
(3) what representations he has received from the OFT about competition in the funeral industry. [86282]
§ Dr. HowellsThe Director-General for Fair Trading (DGFT) announced on 15 May 1998 an inquiry into the "at need" funerals industry. The inquiry is focusing on whether competition in the industry is effective.
I understand that the OFT has yet to complete its inquiries. On doing so, it will then be a matter for the DGFT to consider if further action is appropriate, such as making representations to the DTI.
There are no plans at present to regulate the funeral industry with the exception of the pre-paid funeral plans sector. It is proposed to bring this part of the industry within the scope of the Financial Services and Markets Bill.
HM Treasury issued a consultation paper in January 1999 outlining their proposals. Closing date for responses was 30 April. These responses are currently being considered by officials from DTI and the Treasury.