Results 161–180 of 571 for speaker:Lord Sharkey

Northern Cyprus - Question for Short Debate (16 Oct 2017)

Lord Sharkey: To ask Her Majesty’s Government what assessment they have made of the problems that will be faced by the people of Northern Cyprus in the event of the failure of reunification talks; and what plans they have to assist in resolving any such problems.

Northern Cyprus - Question for Short Debate (16 Oct 2017)

Lord Sharkey: My Lords, I will speak for 10 minutes. I declare an interest as co-chair of the APPG for the Turkish Republic of Northern Cyprus. The noble Lord, Lord Maginnis, has asked me to apologise for, and convey his regrets at, being unable to speak tonight as intended. His flight from Northern Ireland was a victim of Storm Ophelia. When I tabled this Question, the negotiations over the reunification...

Written Answers — Foreign and Commonwealth Office: Northern Cyprus: Airports (25 Sep 2017)

Lord Sharkey: To ask Her Majesty's Government whether they have held discussions with officials in Northern Cyprus concerning security arrangements at Ercan International Airport; if so, what were the (1) objectives, and (2) outcomes, of those discussions; and if they have not held such discussions, why not.

Brexit: Northern Cyprus - Question (14 Sep 2017)

Lord Sharkey: My Lords, since April passengers on flights to the UK from Northern Cyprus have had to deplane in Turkey and go through additional security checks. I understand that is necessary because our aviation security people do not have sight of the security arrangements in Northern Cyprus. Can the Minister say what conversations we have had with officials in Northern Cyprus to remedy the situation so...

Financial Guidance and Claims Bill [HL] - Committee (4th Day) (13 Sep 2017)

Lord Sharkey: I am extremely grateful for the support of all noble Lords who have spoken. I am especially grateful to the noble Lord, Lord Deben, for his forceful reminder—several times—that this kind of cold calling activity should have no place in our society. It is not necessary, it is damaging, it lures otherwise honest people into crime and it is morally repugnant. Thinking about what the Minister...

Financial Guidance and Claims Bill [HL] - Committee (4th Day) (13 Sep 2017)

Lord Sharkey: Could I try to provide a little clarity, perhaps even a partial answer? The amendment is worded so that cold calls, or the result of them, cannot be used for the benefit of claims management companies. It is not just about the cold call itself—information cannot be passed on in a way that benefits CMCs.

Financial Guidance and Claims Bill [HL] - Committee (4th Day) (13 Sep 2017)

Lord Sharkey: My Lords, as I mentioned on day 2 of Committee, there has been an enormous increase in the number of cold calls—180% in the last 10 months. There are now 2.6 million cold calls every month, which is an absolutely enormous number. No noble Lord disagreed when I described cold calling as an “omnipresent menace”. It turns out that the menace is even more omnipresent than I had thought. It...

Financial Guidance and Claims Bill [HL] - Committee (3rd Day) (11 Sep 2017)

Lord Sharkey: My Lords, Clause 14 is pretty surprising. It runs entirely counter to normal practice and to the provisions of other Acts of Parliament and is careless of the need for proper scrutiny by Parliament. I entirely support the amendment of the noble Lord, Lord McKenzie. Your Lordships’ Delegated Powers and Regulatory Reform Committee commented on Clause 14 in some detail in its first report of...

Financial Guidance and Claims Bill [HL] - Committee (3rd Day) (11 Sep 2017)

Lord Sharkey: My Lords, I will speak very briefly to Amendments 58, 60 and 61, tabled by my noble friend Lady Kramer and me. We agree with the Bill’s requirement in Clause 7(1) that the SFGB must monitor its own compliance with standards and that of its delivery partners. However, we feel that the results of this monitoring should be in the public domain; in fact, it would be extraordinary if they were...

Financial Guidance and Claims Bill [HL] - Committee (2nd Day) (Continued) (6 Sep 2017)

Lord Sharkey: My Lords, I was pleased to add my name to the amendments in the name of the noble Baroness, Lady Altmann. Both amendments address the problem of cold calling and pensions. I would, like the noble Baroness, have preferred an outright ban on cold calling just as I would like an outright ban on cold calling for the benefit of debt management companies and for claims management companies. We can...

Financial Guidance and Claims Bill [HL] - Committee (2nd Day) (Continued) (6 Sep 2017)

Lord Sharkey: My Lords, I thank the noble Baroness, Lady Altmann, and the noble Lord, Lord McKenzie, for their contributions to the debate. In a way, I am not quite certain where this leaves us. I listened quite carefully to what the Minister said, and I can understand the merit in having this completely underworked, over-resourced FCA carry out yet another inquiry in its spare time into this again....

Financial Guidance and Claims Bill [HL] - Committee (2nd Day) (Continued) (6 Sep 2017)

Lord Sharkey: My Lords, Amendment 42B is in my name and that of the noble Baroness, Lady Altmann, for whose support I am extremely grateful. I will speak also to Amendment 42C. Amendment 42B is very simple. It provides that, before accessing pension pots, people must have received the appropriate information and guidance either from the SFGB or from a regulated adviser. I touched on the need for this in my...

Financial Guidance and Claims Bill [HL] - Committee (2nd Day) (6 Sep 2017)

Lord Sharkey: My Lords, I shall speak to Amendment 27A in this group. This amendment makes a very small change to Clause 2(8)(b), which sets out the objectives of the SFGB. The second objective currently reads, “to support the provision of information, guidance and advice in areas where it is lacking”. We agree with this objective, but we feel that it does not go far enough. It is good to support the...

Financial Guidance and Claims Bill [HL] - Committee (2nd Day) (6 Sep 2017)

Lord Sharkey: I have a small additional question arising from Amendment 26. As things stand, I understand that the kind of research that it calls for is already undertaken by the MAS and forms the basis of the budget requests made by the MAS and of the distribution of funds coming through the MAS. If this research is not to be done I am curious about how budget requests will be made and how funds will be...

Financial Guidance and Claims Bill [HL] - Committee (1st Day) (Continued) (19 Jul 2017)

Lord Sharkey: My Lords, I shall speak to Amendment 18 in this group which is tabled in my name and that of my noble friend Lady Kramer. I agree with everything that has been said so far except perhaps for one thing. If the Government accept the amendment tabled by the noble Baroness, Lady Altmann, we will have a universal obligation as regards financial education. I can see the appeal of that in theory,...

Financial Guidance and Claims Bill [HL] - Committee (1st Day) (19 Jul 2017)

Lord Sharkey: In view of what the Minister is saying about the measures in place to reduce cold calling, does she think that they are a success so far, with a 180% increase in the past 10 months and now 2.6 million calls a month? Where are the signs of success in reducing cold calling?

Financial Guidance and Claims Bill [HL] - Committee (1st Day) (19 Jul 2017)

Lord Sharkey: I start by thanking all noble Lords who have spoken in this debate. I think it is true that all supported the general principles behind all three amendments. As I am sure the Minister will have expected, I am disappointed by her response. Both amendments are obviously entirely benign and useful, and I am disappointed that she has not taken up my suggestion of a meeting to discuss the Henry...

Financial Guidance and Claims Bill [HL] - Committee (1st Day) (19 Jul 2017)

Lord Sharkey: Many of the jobs we have created since 2010 are sole-trader jobs. Is it not the case that there is no meaningful distinction in sole-trader jobs between personal finance and business finance?

Financial Guidance and Claims Bill [HL] - Committee (1st Day) (19 Jul 2017)

Lord Sharkey: My Lords, in moving Amendment 7, I shall speak also to Amendment 23. These amendments, in my name and those of my noble friends Lady Kramer and Lord Kirkwood, concern debt moratoriums, and cold calling for the benefit of debt management services and pensions providers or advisers. Both issues were discussed extensively at Second Reading. Along with other noble Lords, we asked why there was no...


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