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1126005
star this property registered interest false more like this
star this property date less than 2019-05-13more like thismore than 2019-05-13
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
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 Mineworkers' Pension Scheme more like this
star 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, when he plans to respond to the open letter of 11 April 2019 on the Mineworkers' Pension Scheme ;and if he will meet with the signatories of that letter. more like this
star this property tabling member constituency Blaenau Gwent more like this
star this property tabling member printed
Nick Smith more like this
star this property uin 253552 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2019-05-15more like thismore than 2019-05-15
star this property answer text <p>I have responded to the letter dated 11 April 2019 as the Minister responsible for the scheme. Discussions with the Trustees of the Scheme are ongoing about possible changes that would benefit all parties.</p> more like this
unstar this property answering member constituency South West Norfolk more like this
star this property answering member printed Elizabeth Truss more like this
star this property question first answered
less than 2019-05-15T16:09:31.577Zmore like thismore than 2019-05-15T16:09:31.577Z
star this property answering member
4097
star this property label Biography information for Elizabeth Truss more like this
star this property tabling member
3928
unstar this property label Biography information for Nick Smith more like this
1126186
star this property registered interest false more like this
star this property date less than 2019-05-13more like thismore than 2019-05-13
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
unstar this property answering dept short name Business, Energy and Industrial Strategy more like this
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Mineworkers' Pension Scheme more like this
star 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 Secretary of State for Business, Energy and Industrial Strategy, how much funding the Government contributed to the Mineworkers' Pension Scheme prior to the privatisation of the scheme in 1994; when this money was paid in; and for what reason. more like this
star this property tabling member constituency Ashfield more like this
star this property tabling member printed
Gloria De Piero more like this
star this property uin 253540 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2019-05-16more like thismore than 2019-05-16
star this property answer text <p>The Government’s involvement in the Scheme began at privatisation. Until that point, the scheme was funded by member contributions and British Coal contributions. British Coal’s share of the surplus immediately prior to privatisation was allocated to the Scheme as the Investment Reserve, available to make good any deficit which should arise in the fund.</p> more like this
unstar this property answering member constituency Pendle more like this
star this property answering member printed Andrew Stephenson more like this
star this property question first answered
less than 2019-05-16T08:10:56.757Zmore like thismore than 2019-05-16T08:10:56.757Z
star this property answering member
4044
star this property label Biography information for Andrew Stephenson more like this
star this property tabling member
3915
unstar this property label Biography information for Gloria De Piero more like this
1064385
star this property registered interest false more like this
star this property date less than 2019-02-20more like thismore than 2019-02-20
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
unstar this property answering dept short name Business, Energy and Industrial Strategy more like this
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Mineworkers' Pension Scheme more like this
star 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 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. more like this
star this property tabling member constituency Barnsley East more like this
star this property tabling member printed
Stephanie Peacock more like this
star this property uin 223910 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2019-02-27more like thismore than 2019-02-27
star this property 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> more like this
unstar this property answering member constituency Devizes more like this
star this property answering member printed Claire Perry more like this
star this property grouped question UIN 223911 more like this
star this property question first answered
less than 2019-02-27T13:27:58.313Zmore like thismore than 2019-02-27T13:27:58.313Z
star this property answering member
3974
star this property label Biography information for Claire Perry more like this
star this property tabling member
4607
unstar this property label Biography information for Stephanie Peacock more like this
1064386
star this property registered interest false more like this
star this property date less than 2019-02-20more like thismore than 2019-02-20
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
unstar this property answering dept short name Business, Energy and Industrial Strategy more like this
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Mineworkers' Pension Scheme more like this
star 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 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. more like this
star this property tabling member constituency Barnsley East more like this
star this property tabling member printed
Stephanie Peacock more like this
star this property uin 223911 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2019-02-27more like thismore than 2019-02-27
star this property 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> more like this
unstar this property answering member constituency Devizes more like this
star this property answering member printed Claire Perry more like this
star this property grouped question UIN 223910 more like this
star this property question first answered
less than 2019-02-27T13:27:58.36Zmore like thismore than 2019-02-27T13:27:58.36Z
star this property answering member
3974
star this property label Biography information for Claire Perry more like this
star this property tabling member
4607
unstar this property label Biography information for Stephanie Peacock more like this
1048033
star this property registered interest false more like this
star this property date less than 2019-01-25more like thismore than 2019-01-25
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
unstar this property answering dept short name Business, Energy and Industrial Strategy more like this
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Mineworkers' Pension Scheme more like this
star 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 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. more like this
star this property tabling member constituency Barnsley East more like this
star this property tabling member printed
Stephanie Peacock more like this
star this property uin 212661 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2019-01-31more like thismore than 2019-01-31
star this property 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> more like this
unstar this property answering member constituency Devizes more like this
star this property answering member printed Claire Perry more like this
star this property question first answered
less than 2019-01-31T16:06:28.233Zmore like thismore than 2019-01-31T16:06:28.233Z
star this property answering member
3974
star this property label Biography information for Claire Perry more like this
star this property tabling member
4607
unstar this property label Biography information for Stephanie Peacock more like this
1005842
star this property registered interest false more like this
star this property date less than 2018-11-12more like thismore than 2018-11-12
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
unstar this property answering dept short name Business, Energy and Industrial Strategy more like this
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Mineworkers' Pension Scheme more like this
star 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 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. more like this
star this property tabling member constituency Ashfield more like this
star this property tabling member printed
Gloria De Piero more like this
star this property uin 190420 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2018-11-15more like thismore than 2018-11-15
star this property 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> more like this
unstar this property answering member constituency Devizes more like this
star this property answering member printed Claire Perry more like this
star this property question first answered
less than 2018-11-15T16:38:30.733Zmore like thismore than 2018-11-15T16:38:30.733Z
star this property answering member
3974
star this property label Biography information for Claire Perry more like this
star this property tabling member
3915
unstar this property label Biography information for Gloria De Piero more like this
1005843
star this property registered interest false more like this
star this property date less than 2018-11-12more like thismore than 2018-11-12
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
unstar this property answering dept short name Business, Energy and Industrial Strategy more like this
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Mineworkers' Pension Scheme more like this
star 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 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. more like this
star this property tabling member constituency Ashfield more like this
star this property tabling member printed
Gloria De Piero more like this
star this property uin 190421 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2018-11-15more like thismore than 2018-11-15
star this property answer text <p>No payments have been required to date.</p> more like this
unstar this property answering member constituency Devizes more like this
star this property answering member printed Claire Perry more like this
star this property question first answered
less than 2018-11-15T16:38:36.717Zmore like thismore than 2018-11-15T16:38:36.717Z
star this property answering member
3974
star this property label Biography information for Claire Perry more like this
star this property tabling member
3915
unstar this property label Biography information for Gloria De Piero more like this
1005844
star this property registered interest false more like this
star this property date less than 2018-11-12more like thismore than 2018-11-12
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
unstar this property answering dept short name Business, Energy and Industrial Strategy more like this
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Mineworkers' Pension Scheme more like this
star 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 Secretary of State for Business, Energy and Industrial Strategy, what sums are held in the investment reserve fund for the Mineworkers' Pension Scheme. more like this
star this property tabling member constituency Ashfield more like this
star this property tabling member printed
Gloria De Piero more like this
star this property uin 190422 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2018-11-15more like thismore than 2018-11-15
star this property 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> more like this
unstar this property answering member constituency Devizes more like this
star this property answering member printed Claire Perry more like this
star this property question first answered
less than 2018-11-15T16:38:48.127Zmore like thismore than 2018-11-15T16:38:48.127Z
star this property answering member
3974
star this property label Biography information for Claire Perry more like this
star this property tabling member
3915
unstar this property label Biography information for Gloria De Piero more like this
1005846
star this property registered interest false more like this
star this property date less than 2018-11-12more like thismore than 2018-11-12
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
unstar this property answering dept short name Business, Energy and Industrial Strategy more like this
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Mineworkers' Pension Scheme more like this
star 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 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. more like this
star this property tabling member constituency Ashfield more like this
star this property tabling member printed
Gloria De Piero more like this
star this property uin 190423 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2018-11-15more like thismore than 2018-11-15
star this property 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> more like this
unstar this property answering member constituency Devizes more like this
star this property answering member printed Claire Perry more like this
star this property question first answered
less than 2018-11-15T16:38:54.647Zmore like thismore than 2018-11-15T16:38:54.647Z
star this property answering member
3974
star this property label Biography information for Claire Perry more like this
star this property tabling member
3915
unstar this property label Biography information for Gloria De Piero more like this
999149
star this property registered interest false more like this
star this property date less than 2018-10-31more like thismore than 2018-10-31
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
unstar this property answering dept short name Business, Energy and Industrial Strategy more like this
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Mineworkers' Pension Scheme more like this
star 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 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. more like this
star this property tabling member constituency Mansfield more like this
star this property tabling member printed
Ben Bradley more like this
star this property uin 186447 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2018-11-12more like thismore than 2018-11-12
star this property answer text <p>Those discussions are ongoing. I would be happy to update my hon. Friend once a conclusion has been reached.</p> more like this
unstar this property answering member constituency Devizes more like this
star this property answering member printed Claire Perry more like this
star this property question first answered
less than 2018-11-12T17:31:47.907Zmore like thismore than 2018-11-12T17:31:47.907Z
star this property answering member
3974
star this property label Biography information for Claire Perry more like this
star this property tabling member
4663
unstar this property label Biography information for Ben Bradley more like this