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1695756
star this property registered interest false more like this
star this property date less than 2024-03-13more like thismore than 2024-03-13
star this property answering body
Treasury more like this
star this property answering dept id 14 remove filter
unstar this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Chelsea Football Club more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, what progress the Financial Sanctions Implementation Office has made on establishing the foundation to manage and distribute monies from the proceeds of the sale of Chelsea FC. more like this
unstar this property tabling member constituency East Londonderry more like this
star this property tabling member printed
Mr Gregory Campbell more like this
star this property uin 18399 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2024-03-18more like thismore than 2024-03-18
star this property answer text <p>The proceeds from the sale of Chelsea FC are currently frozen in a UK bank account while independent experts establish a foundation to manage and distribute the money. A licence from the Office of Financial Sanctions Implementation will then be needed to move the funds to the foundation. We are working hard to reach an arrangement that delivers this money to humanitarian causes in Ukraine as quickly as possible.</p> more like this
star this property answering member constituency Hitchin and Harpenden more like this
star this property answering member printed Bim Afolami more like this
star this property question first answered
less than 2024-03-18T15:34:13.4Zmore like thismore than 2024-03-18T15:34:13.4Z
star this property answering member
4639
star this property label Biography information for Bim Afolami more like this
star this property tabling member
1409
star this property label Biography information for Mr Gregory Campbell more like this
1695886
star this property registered interest false more like this
star this property date less than 2024-03-13more like thismore than 2024-03-13
star this property answering body
Treasury more like this
star this property answering dept id 14 remove filter
unstar this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Inflation: Personal Income more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, whether his Department has conducted recent distributional analysis of the impact of inflation on people in different income brackets. more like this
unstar this property tabling member constituency Liverpool, Walton more like this
star this property tabling member printed
Dan Carden more like this
star this property uin 18573 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2024-03-18more like thismore than 2024-03-18
star this property answer text <p>The Office for National Statistics (ONS) publish experimental statistics which show the inflation experienced by households across the income distribution:</p><p> </p><p><a href="https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/householdcostsindicesforukhouseholdgroups/latest" target="_blank">https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/householdcostsindicesforukhouseholdgroups/latest</a></p> more like this
star this property answering member constituency Hitchin and Harpenden more like this
star this property answering member printed Bim Afolami more like this
star this property question first answered
less than 2024-03-18T15:50:20.12Zmore like thismore than 2024-03-18T15:50:20.12Z
star this property answering member
4639
star this property label Biography information for Bim Afolami more like this
star this property tabling member
4651
star this property label Biography information for Dan Carden more like this
1695891
star this property registered interest false more like this
star this property date less than 2024-03-13more like thismore than 2024-03-13
star this property answering body
Treasury more like this
star this property answering dept id 14 remove filter
unstar this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading National Insurance: Pensioners more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, whether he has made an assessment of the potential impact of abolishing National Insurance Contributions on pensioners' finances. more like this
unstar this property tabling member constituency Sheffield, Brightside and Hillsborough more like this
star this property tabling member printed
Gill Furniss more like this
star this property uin 18542 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2024-03-18more like thismore than 2024-03-18
star this property answer text <p>The Government believes the double taxation of work is unfair. That is why we’ve cut 4p from employee NICs in the last six months which will mean the average worker receives a tax cut worth £900 this coming year and why we are committed to ending this unfairness.</p><p>Cutting NICs rates does not affect anyone’s entitlement to the State Pension or contributory benefits.</p> more like this
star this property answering member constituency Mid Worcestershire more like this
star this property answering member printed Nigel Huddleston more like this
star this property grouped question UIN
18543 more like this
18544 more like this
star this property question first answered
less than 2024-03-18T15:55:10.017Zmore like thismore than 2024-03-18T15:55:10.017Z
star this property answering member
4407
star this property label Biography information for Nigel Huddleston more like this
star this property tabling member
4571
star this property label Biography information for Gill Furniss more like this
1695892
star this property registered interest false more like this
star this property date less than 2024-03-13more like thismore than 2024-03-13
star this property answering body
Treasury more like this
star this property answering dept id 14 remove filter
unstar this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading National Insurance: State Retirement Pensions more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, whether he has made an assessment of the potential impact of abolishing National Insurance Contributions on funding for state pensions. more like this
unstar this property tabling member constituency Sheffield, Brightside and Hillsborough more like this
star this property tabling member printed
Gill Furniss more like this
star this property uin 18543 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2024-03-18more like thismore than 2024-03-18
star this property answer text <p>The Government believes the double taxation of work is unfair. That is why we’ve cut 4p from employee NICs in the last six months which will mean the average worker receives a tax cut worth £900 this coming year and why we are committed to ending this unfairness.</p><p>Cutting NICs rates does not affect anyone’s entitlement to the State Pension or contributory benefits.</p> more like this
star this property answering member constituency Mid Worcestershire more like this
star this property answering member printed Nigel Huddleston more like this
star this property grouped question UIN
18542 more like this
18544 more like this
star this property question first answered
less than 2024-03-18T15:55:10.067Zmore like thismore than 2024-03-18T15:55:10.067Z
star this property answering member
4407
star this property label Biography information for Nigel Huddleston more like this
star this property tabling member
4571
star this property label Biography information for Gill Furniss more like this
1695893
star this property registered interest false more like this
star this property date less than 2024-03-13more like thismore than 2024-03-13
star this property answering body
Treasury more like this
star this property answering dept id 14 remove filter
unstar this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading National Insurance: State Retirement Pensions more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, whether he has made an assessment of the potential impact of abolishing National Insurance Contributions on determining eligibility criteria for the state pension. more like this
unstar this property tabling member constituency Sheffield, Brightside and Hillsborough more like this
star this property tabling member printed
Gill Furniss more like this
star this property uin 18544 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2024-03-18more like thismore than 2024-03-18
star this property answer text <p>The Government believes the double taxation of work is unfair. That is why we’ve cut 4p from employee NICs in the last six months which will mean the average worker receives a tax cut worth £900 this coming year and why we are committed to ending this unfairness.</p><p>Cutting NICs rates does not affect anyone’s entitlement to the State Pension or contributory benefits.</p> more like this
star this property answering member constituency Mid Worcestershire more like this
star this property answering member printed Nigel Huddleston more like this
star this property grouped question UIN
18542 more like this
18543 more like this
star this property question first answered
less than 2024-03-18T15:55:09.97Zmore like thismore than 2024-03-18T15:55:09.97Z
star this property answering member
4407
star this property label Biography information for Nigel Huddleston more like this
star this property tabling member
4571
star this property label Biography information for Gill Furniss more like this
1695244
star this property registered interest false more like this
star this property date less than 2024-03-12more like thismore than 2024-03-12
star this property answering body
Treasury more like this
star this property answering dept id 14 remove filter
unstar this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Finance: Advisory Services more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, how many active registered financial advisers there are; how many such advisers there were in 2014; and what assessment the Financial Conduct Authority has made of the causes of changes in the levels of such advisers. more like this
unstar this property tabling member constituency Shrewsbury and Atcham more like this
star this property tabling member printed
Daniel Kawczynski more like this
star this property uin 18090 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2024-03-18more like thismore than 2024-03-18
star this property answer text <p>HM Treasury works closely with the Financial Conduct Authority (FCA) to ensure that the market works well, competitively and fairly for both firms and consumers, and that the advice being provided is of high quality.</p><p>HM Treasury sets the legislative framework for financial services, including financial advice, and regulation of the sector is the responsibility of the independent FCA. Their rules require advice firms to understand the essential facts about their client’s investment objectives, risk tolerance, and ability to bear losses before making a recommendation. The FCA’s Consumer Duty also applies, which requires regulated firms to avoid foreseeable harm and support their customers to pursue their financial objectives.</p><p>In 2020, the FCA published an evaluation of the Retail Distribution Review (RDR) and the Financial Advice Market Review (FAMR) – significant interventions to improve the quality of financial advice. This found that the reviews enhanced the offering available to consumers and increased trust in the investment industry. It also found a small increase in the number of advisers in the market from approximately 35,000 to 36,400 between 2012 and 2019.</p><p>The Government recognises continued concerns regarding the accessibility and cost of advice and has launched a review, alongside the FCA, of the regulatory boundary between financial guidance and financial advice. The review seeks to create a regulatory system where commercially viable, high-quality models of support can emerge for consumers at all life stages. HM Treasury and the FCA published a joint policy paper in December 2023 outlining initial proposals for reform and are currently considering the feedback provided by industry and consumer groups.</p>
star this property answering member constituency Hitchin and Harpenden more like this
star this property answering member printed Bim Afolami more like this
star this property grouped question UIN
18091 more like this
18092 more like this
18093 more like this
18094 more like this
star this property question first answered
less than 2024-03-18T15:41:58.537Zmore like thismore than 2024-03-18T15:41:58.537Z
star this property answering member
4639
star this property label Biography information for Bim Afolami more like this
star this property tabling member
1566
star this property label Biography information for Daniel Kawczynski more like this
1695245
star this property registered interest false more like this
star this property date less than 2024-03-12more like thismore than 2024-03-12
star this property answering body
Treasury more like this
star this property answering dept id 14 remove filter
unstar this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Finance: Advisory Services more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, how many small financial advice firms the Financial Conduct Authority has visited in the last 12 months; and for what reasons. more like this
unstar this property tabling member constituency Shrewsbury and Atcham more like this
star this property tabling member printed
Daniel Kawczynski more like this
star this property uin 18091 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2024-03-18more like thismore than 2024-03-18
star this property answer text <p>HM Treasury works closely with the Financial Conduct Authority (FCA) to ensure that the market works well, competitively and fairly for both firms and consumers, and that the advice being provided is of high quality.</p><p>HM Treasury sets the legislative framework for financial services, including financial advice, and regulation of the sector is the responsibility of the independent FCA. Their rules require advice firms to understand the essential facts about their client’s investment objectives, risk tolerance, and ability to bear losses before making a recommendation. The FCA’s Consumer Duty also applies, which requires regulated firms to avoid foreseeable harm and support their customers to pursue their financial objectives.</p><p>In 2020, the FCA published an evaluation of the Retail Distribution Review (RDR) and the Financial Advice Market Review (FAMR) – significant interventions to improve the quality of financial advice. This found that the reviews enhanced the offering available to consumers and increased trust in the investment industry. It also found a small increase in the number of advisers in the market from approximately 35,000 to 36,400 between 2012 and 2019.</p><p>The Government recognises continued concerns regarding the accessibility and cost of advice and has launched a review, alongside the FCA, of the regulatory boundary between financial guidance and financial advice. The review seeks to create a regulatory system where commercially viable, high-quality models of support can emerge for consumers at all life stages. HM Treasury and the FCA published a joint policy paper in December 2023 outlining initial proposals for reform and are currently considering the feedback provided by industry and consumer groups.</p>
star this property answering member constituency Hitchin and Harpenden more like this
star this property answering member printed Bim Afolami more like this
star this property grouped question UIN
18090 more like this
18092 more like this
18093 more like this
18094 more like this
star this property question first answered
less than 2024-03-18T15:41:58.583Zmore like thismore than 2024-03-18T15:41:58.583Z
star this property answering member
4639
star this property label Biography information for Bim Afolami more like this
star this property tabling member
1566
star this property label Biography information for Daniel Kawczynski more like this
1695246
star this property registered interest false more like this
star this property date less than 2024-03-12more like thismore than 2024-03-12
star this property answering body
Treasury more like this
star this property answering dept id 14 remove filter
unstar this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Finance: Advisory Services more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, how many regulations governing the financial advice sector there are; how many there were in 2014; and what assessment the Financial Conduct Authority has made of the potential impact of changes in the level of such regulations on the work of the sector. more like this
unstar this property tabling member constituency Shrewsbury and Atcham more like this
star this property tabling member printed
Daniel Kawczynski more like this
star this property uin 18092 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2024-03-18more like thismore than 2024-03-18
star this property answer text <p>HM Treasury works closely with the Financial Conduct Authority (FCA) to ensure that the market works well, competitively and fairly for both firms and consumers, and that the advice being provided is of high quality.</p><p>HM Treasury sets the legislative framework for financial services, including financial advice, and regulation of the sector is the responsibility of the independent FCA. Their rules require advice firms to understand the essential facts about their client’s investment objectives, risk tolerance, and ability to bear losses before making a recommendation. The FCA’s Consumer Duty also applies, which requires regulated firms to avoid foreseeable harm and support their customers to pursue their financial objectives.</p><p>In 2020, the FCA published an evaluation of the Retail Distribution Review (RDR) and the Financial Advice Market Review (FAMR) – significant interventions to improve the quality of financial advice. This found that the reviews enhanced the offering available to consumers and increased trust in the investment industry. It also found a small increase in the number of advisers in the market from approximately 35,000 to 36,400 between 2012 and 2019.</p><p>The Government recognises continued concerns regarding the accessibility and cost of advice and has launched a review, alongside the FCA, of the regulatory boundary between financial guidance and financial advice. The review seeks to create a regulatory system where commercially viable, high-quality models of support can emerge for consumers at all life stages. HM Treasury and the FCA published a joint policy paper in December 2023 outlining initial proposals for reform and are currently considering the feedback provided by industry and consumer groups.</p>
star this property answering member constituency Hitchin and Harpenden more like this
star this property answering member printed Bim Afolami more like this
star this property grouped question UIN
18090 more like this
18091 more like this
18093 more like this
18094 more like this
star this property question first answered
less than 2024-03-18T15:41:58.63Zmore like thismore than 2024-03-18T15:41:58.63Z
star this property answering member
4639
star this property label Biography information for Bim Afolami more like this
star this property tabling member
1566
star this property label Biography information for Daniel Kawczynski more like this
1695247
star this property registered interest false more like this
star this property date less than 2024-03-12more like thismore than 2024-03-12
star this property answering body
Treasury more like this
star this property answering dept id 14 remove filter
unstar this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Finance: Advisory Services more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, what steps the Financial Conduct Authority is taking to increase the (a) availability and (b) affordability of financial advice for consumers, and how the effectiveness of such steps is measured. more like this
unstar this property tabling member constituency Shrewsbury and Atcham more like this
star this property tabling member printed
Daniel Kawczynski more like this
star this property uin 18093 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2024-03-18more like thismore than 2024-03-18
star this property answer text <p>HM Treasury works closely with the Financial Conduct Authority (FCA) to ensure that the market works well, competitively and fairly for both firms and consumers, and that the advice being provided is of high quality.</p><p>HM Treasury sets the legislative framework for financial services, including financial advice, and regulation of the sector is the responsibility of the independent FCA. Their rules require advice firms to understand the essential facts about their client’s investment objectives, risk tolerance, and ability to bear losses before making a recommendation. The FCA’s Consumer Duty also applies, which requires regulated firms to avoid foreseeable harm and support their customers to pursue their financial objectives.</p><p>In 2020, the FCA published an evaluation of the Retail Distribution Review (RDR) and the Financial Advice Market Review (FAMR) – significant interventions to improve the quality of financial advice. This found that the reviews enhanced the offering available to consumers and increased trust in the investment industry. It also found a small increase in the number of advisers in the market from approximately 35,000 to 36,400 between 2012 and 2019.</p><p>The Government recognises continued concerns regarding the accessibility and cost of advice and has launched a review, alongside the FCA, of the regulatory boundary between financial guidance and financial advice. The review seeks to create a regulatory system where commercially viable, high-quality models of support can emerge for consumers at all life stages. HM Treasury and the FCA published a joint policy paper in December 2023 outlining initial proposals for reform and are currently considering the feedback provided by industry and consumer groups.</p>
star this property answering member constituency Hitchin and Harpenden more like this
star this property answering member printed Bim Afolami more like this
star this property grouped question UIN
18090 more like this
18091 more like this
18092 more like this
18094 more like this
star this property question first answered
less than 2024-03-18T15:41:58.66Zmore like thismore than 2024-03-18T15:41:58.66Z
star this property answering member
4639
star this property label Biography information for Bim Afolami more like this
star this property tabling member
1566
star this property label Biography information for Daniel Kawczynski more like this
1695248
star this property registered interest false more like this
star this property date less than 2024-03-12more like thismore than 2024-03-12
star this property answering body
Treasury more like this
star this property answering dept id 14 remove filter
unstar this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Finance: Advisory Services more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, what assessment he has made of the adequacy of the number of financial advisers in relation to the demand for financial advice from consumers (a) now and (b) in the future. more like this
unstar this property tabling member constituency Shrewsbury and Atcham more like this
star this property tabling member printed
Daniel Kawczynski more like this
star this property uin 18094 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2024-03-18more like thismore than 2024-03-18
star this property answer text <p>HM Treasury works closely with the Financial Conduct Authority (FCA) to ensure that the market works well, competitively and fairly for both firms and consumers, and that the advice being provided is of high quality.</p><p>HM Treasury sets the legislative framework for financial services, including financial advice, and regulation of the sector is the responsibility of the independent FCA. Their rules require advice firms to understand the essential facts about their client’s investment objectives, risk tolerance, and ability to bear losses before making a recommendation. The FCA’s Consumer Duty also applies, which requires regulated firms to avoid foreseeable harm and support their customers to pursue their financial objectives.</p><p>In 2020, the FCA published an evaluation of the Retail Distribution Review (RDR) and the Financial Advice Market Review (FAMR) – significant interventions to improve the quality of financial advice. This found that the reviews enhanced the offering available to consumers and increased trust in the investment industry. It also found a small increase in the number of advisers in the market from approximately 35,000 to 36,400 between 2012 and 2019.</p><p>The Government recognises continued concerns regarding the accessibility and cost of advice and has launched a review, alongside the FCA, of the regulatory boundary between financial guidance and financial advice. The review seeks to create a regulatory system where commercially viable, high-quality models of support can emerge for consumers at all life stages. HM Treasury and the FCA published a joint policy paper in December 2023 outlining initial proposals for reform and are currently considering the feedback provided by industry and consumer groups.</p>
star this property answering member constituency Hitchin and Harpenden more like this
star this property answering member printed Bim Afolami more like this
star this property grouped question UIN
18090 more like this
18091 more like this
18092 more like this
18093 more like this
star this property question first answered
less than 2024-03-18T15:41:58.71Zmore like thismore than 2024-03-18T15:41:58.71Z
star this property answering member
4639
star this property label Biography information for Bim Afolami more like this
star this property tabling member
1566
star this property label Biography information for Daniel Kawczynski more like this