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1064385

	registered interest
	date	20/02/2019
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Mineworkers' Pension Scheme
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what information his Department holds on how any surplus taken by the Government from the Mineworkers' Pension Scheme since 2010 has been used by his Department.
	tabling member constituency	Barnsley East
	tabling member printed	Stephanie Peacock
	uin	223910
	answer	answer is ministerial correction date of answer 27/02/2019 answer text <p>Surplus payments from the Mineworkers Pension Scheme are paid into the Exchequer, which forms part of wider Government expenditure.</p><p> </p><p>The Government guarantee has enabled an investment strategy that has resulted in scheme members receiving payments 33% higher than they would have been if they received only their actual earned pension up to privatisation.</p> answering member constituency Devizes answering member printed Claire Perry grouped question UIN 223911 question first answered 27/02/2019 13:27:58 answering member 3974 label Biography information for Claire Perry
	tabling member	4607 label Biography information for Stephanie Peacock

1064386

	registered interest
	date	20/02/2019
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Mineworkers' Pension Scheme
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, how any surplus taken by the Government from the Mineworkers' Pension Scheme since 2010 has been spent.
	tabling member constituency	Barnsley East
	tabling member printed	Stephanie Peacock
	uin	223911
	answer	answer is ministerial correction date of answer 27/02/2019 answer text <p>Surplus payments from the Mineworkers Pension Scheme are paid into the Exchequer, which forms part of wider Government expenditure.</p><p> </p><p>The Government guarantee has enabled an investment strategy that has resulted in scheme members receiving payments 33% higher than they would have been if they received only their actual earned pension up to privatisation.</p> answering member constituency Devizes answering member printed Claire Perry grouped question UIN 223910 question first answered 27/02/2019 13:27:58 answering member 3974 label Biography information for Claire Perry
	tabling member	4607 label Biography information for Stephanie Peacock

1048033

	registered interest
	date	25/01/2019
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Mineworkers' Pension Scheme
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what meetings he has had with trustees of the mineworkers' pension scheme in the last two years.
	tabling member constituency	Barnsley East
	tabling member printed	Stephanie Peacock
	uin	212661
	answer	answer is ministerial correction date of answer 31/01/2019 answer text <p>I met the Trustees of the Mineworkers’ Pension Scheme in June 2018 and our dialogue on potential scheme improvements continues. BEIS officials continue to meet the Trustees on a regular basis.</p> answering member constituency Devizes answering member printed Claire Perry question first answered 31/01/2019 16:06:28 answering member 3974 label Biography information for Claire Perry
	tabling member	4607 label Biography information for Stephanie Peacock

1005842

	registered interest
	date	12/11/2018
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Mineworkers' Pension Scheme
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, how much money the Government has received from the Mineworkers' Pension Scheme (a) since 1994 and (b) in each of the last three financial years for which data is available.
	tabling member constituency	Ashfield
	tabling member printed	Gloria De Piero
	uin	190420
	answer	answer is ministerial correction date of answer 15/11/2018 answer text <p>Since 1994, the Government has received £4,438.1m from the Mineworkers’ Pension Scheme. £3,127m of that is the Guarantor’s share of surpluses and £1,310.2m has been returned from the Investment Reserve. Receipts in each of the last three years were:</p><p> </p><p>2016/7: £51m</p><p>2017/8: £51m</p><p>2018/9: £617.2m (£475m of which is from the Investment Reserve)</p><p> </p><p>The Government guarantee has enabled an investment strategy that has resulted in scheme members receiving payments 33% higher than they would have been if they received only their actual earned pension up to privatisation.</p> answering member constituency Devizes answering member printed Claire Perry question first answered 15/11/2018 16:38:30 answering member 3974 label Biography information for Claire Perry
	tabling member	3915 label Biography information for Gloria De Piero

1005843

	registered interest
	date	12/11/2018
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Mineworkers' Pension Scheme
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, whether the Government has made direct payments to the Mineworkers' Pension Scheme under the guarantee arrangements.
	tabling member constituency	Ashfield
	tabling member printed	Gloria De Piero
	uin	190421
	answer	answer is ministerial correction date of answer 15/11/2018 answer text <p>No payments have been required to date.</p> answering member constituency Devizes answering member printed Claire Perry question first answered 15/11/2018 16:38:36 answering member 3974 label Biography information for Claire Perry
	tabling member	3915 label Biography information for Gloria De Piero

1005844

	registered interest
	date	12/11/2018
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Mineworkers' Pension Scheme
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what sums are held in the investment reserve fund for the Mineworkers' Pension Scheme.
	tabling member constituency	Ashfield
	tabling member printed	Gloria De Piero
	uin	190422
	answer	answer is ministerial correction date of answer 15/11/2018 answer text <p>At the valuation date, 30 September 2017, the assets of the Investment Reserve were £1,488m. Since then, a payment of £475m has been made to the Guarantor. The Government Actuary decided that this payment should be made, noting that the remaining buffer is likely to continue to provide significant protection.</p> answering member constituency Devizes answering member printed Claire Perry question first answered 15/11/2018 16:38:48 answering member 3974 label Biography information for Claire Perry
	tabling member	3915 label Biography information for Gloria De Piero

1005846

	registered interest
	date	12/11/2018
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Mineworkers' Pension Scheme
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what estimate he has made of the sums that the Government will receive from the Mineworkers' Pension Scheme in (a) 2018-19, (b) 2019-20 and (c) 2020-21.
	tabling member constituency	Ashfield
	tabling member printed	Gloria De Piero
	uin	190423
	answer	answer is ministerial correction date of answer 15/11/2018 answer text <p>Under the terms of the scheme, the Government will receive its share of scheme surpluses. For each of the next 3 years, that share is £142.4m.</p> answering member constituency Devizes answering member printed Claire Perry question first answered 15/11/2018 16:38:54 answering member 3974 label Biography information for Claire Perry
	tabling member	3915 label Biography information for Gloria De Piero

999149

	registered interest
	date	31/10/2018
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Mineworkers' Pension Scheme
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to the Answer of 25 July 2018 to Question 164474 on the Mineworkers’ Pension Scheme, what discussions his Department has had with the trustees of that scheme; and if he will make a statement.
	tabling member constituency	Mansfield
	tabling member printed	Ben Bradley
	uin	186447
	answer	answer is ministerial correction date of answer 12/11/2018 answer text <p>Those discussions are ongoing. I would be happy to update my hon. Friend once a conclusion has been reached.</p> answering member constituency Devizes answering member printed Claire Perry question first answered 12/11/2018 17:31:47 answering member 3974 label Biography information for Claire Perry
	tabling member	4663 label Biography information for Ben Bradley

999232

	registered interest
	date	31/10/2018
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Mineworkers' Pension Scheme
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will publish the annual surpluses to Government from the Mineworkers Pension Fund in each year since 1994.
	tabling member constituency	Bassetlaw
	tabling member printed	John Mann
	uin	186222
	answer	answer is ministerial correction date of answer 12/11/2018 answer text <p>The sums the Government has received each year from its share of scheme surpluses are set out below. There were no receipts before 1998. Surplus shares are calculated at three-yearly valuations and paid in ten annual instalments. More information is available in a <a href="https://researchbriefings.parliament.uk/ResearchBriefing/Summary/SN01189#fullreport" target="_blank">House of Commons Research Briefing</a>. The Government guarantee has enabled an investment strategy that has resulted in scheme members receiving payments 33% higher than they would have been if they received only their actual earned pension up to privatisation.</p><p> </p><table><tbody><tr><td><p>Year[1]</p></td><td><p>Share of surplus (£m)</p></td><td><p>Year</p></td><td><p>Share of surplus (£m)</p></td></tr><tr><td><p>1998</p></td><td><p>113</p></td><td><p>2009</p></td><td><p>146</p></td></tr><tr><td><p>1999</p></td><td><p>113</p></td><td><p>2010</p></td><td><p>145</p></td></tr><tr><td><p>2000</p></td><td><p>113</p></td><td><p>2011</p></td><td><p>331</p></td></tr><tr><td><p>2001</p></td><td><p>196</p></td><td><p>2012</p></td><td><p>31</p></td></tr><tr><td><p>2002</p></td><td><p>196</p></td><td><p>2013</p></td><td><p>50</p></td></tr><tr><td><p>2003</p></td><td><p>196</p></td><td><p>2014</p></td><td><p>50</p></td></tr><tr><td><p>2004</p></td><td><p>175</p></td><td><p>2015</p></td><td><p>92.1</p></td></tr><tr><td><p>2005</p></td><td><p>175</p></td><td><p>2016</p></td><td><p>113.4</p></td></tr><tr><td><p>2006</p></td><td><p>175</p></td><td><p>2017</p></td><td><p>51</p></td></tr><tr><td><p>2007</p></td><td><p>327</p></td><td><p>2018</p></td><td><p>51</p></td></tr><tr><td><p>2008</p></td><td><p>146</p></td><td><p>2019</p></td><td><p>142.4</p></td></tr></tbody></table><p> </p><p>[1] MPS Scheme years run from 1 October to 30 September. Payments are generally made on 1 October.</p> answering member constituency Devizes answering member printed Claire Perry question first answered 12/11/2018 17:36:04 answering member 3974 label Biography information for Claire Perry
	tabling member	1387 label Biography information for Lord Mann

994131

	registered interest
	date	24/10/2018
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Mineworkers' Pension Scheme
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will launch a public inquiry to investigate concerns expressed by mineworkers on the then government's influence and role in determining the surplus sharing arrangement for the Mineworkers Pension Scheme.
	tabling member constituency	Easington
	tabling member printed	Grahame Morris
	uin	183336
	answer	answer is ministerial correction date of answer 29/10/2018 answer text <p>The Mineworkers Pension Scheme has worked well for all parties and credit must go to the Trustees for their excellent investment strategy and administration of the Scheme. As the Trustees have acknowledged, the Government guarantee has enabled an investment strategy that has resulted in scheme members receiving payments 33% higher than they would have been had they received only their actual earned pension up to privatisation. I do not therefore agree that a public enquiry is needed.</p> answering member constituency Devizes answering member printed Claire Perry question first answered 29/10/2018 17:38:56 answering member 3974 label Biography information for Claire Perry
	tabling member	3973 label Biography information for Grahame Morris