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47499

	registered interest
	date	08/04/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what estimate he has made of the number of unresolved cases of mis-selling of mortgage endowment policies.
	tabling member constituency	Ceredigion
	tabling member printed	Mr Mark Williams
	uin	195851
	answer	answer is ministerial correction date of answer 01/05/2014 answer text <p>The Government has not made an estimate of the number of unresolved cases of mis-selling of mortgage endowment policies.</p><p> </p><p>If a borrower feels the risks were not explained properly to them when they took out an endowment mortgage, in the first instance they should complain to the company through which they bought the product. Customers who then feel that their complaint has not been dealt with satisfactorily are able to refer the matter to the Financial Ombudsman Service (FOS) - an independent body set up to provide arbitration in such cases, which is free for consumers to use.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom grouped question UIN 195852 question first answered 01/05/2014 12:00:00 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	1498 label Biography information for Mr Mark Williams

47500

	registered interest
	date	08/04/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what steps he plans to take to resolve unresolved cases of the mis-selling of mortgage endowment policies.
	tabling member constituency	Ceredigion
	tabling member printed	Mr Mark Williams
	uin	195852
	answer	answer is ministerial correction date of answer 01/05/2014 answer text <p>The Government has not made an estimate of the number of unresolved cases of mis-selling of mortgage endowment policies.</p><p> </p><p>If a borrower feels the risks were not explained properly to them when they took out an endowment mortgage, in the first instance they should complain to the company through which they bought the product. Customers who then feel that their complaint has not been dealt with satisfactorily are able to refer the matter to the Financial Ombudsman Service (FOS) - an independent body set up to provide arbitration in such cases, which is free for consumers to use.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom grouped question UIN 195851 question first answered 01/05/2014 12:00:00 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	1498 label Biography information for Mr Mark Williams

48141

	registered interest
	date	10/04/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what levels of stock his Department holds of (a) stationery, (b) printer cartridges, (c) treasury tags and other fasteners and (d) other office consumables.
	tabling member constituency	Wokingham
	tabling member printed	Mr John Redwood
	uin	196218
	answer	answer is ministerial correction date of answer 01/05/2014 answer text <p>In line with Government policy and to benefit from public sector buying power, HM Treasury has centralised common commodity procurements, such as stationery, through contracts awarded and managed by the Crown Commercial Service.</p><p> </p><p>The stock information requested is not held centrally and could be obtained only at disproportionate cost.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 01/05/2014 12:00:00 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	14 label Biography information for Sir John Redwood

48448

	registered interest
	date	25/04/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what recent assessment he has made of the prevalence of allowances being paid to senior bank executives to enable them to avoid the EU bonus cap.
	tabling member constituency	Walsall South
	tabling member printed	Valerie Vaz
	uin	196644
	answer	answer is ministerial correction date of answer 01/05/2014 answer text <p>The UK is at the forefront of global efforts to tackle excessive pay in the financial sector and ensure that pay is aligned with performance; our tough Remuneration Code requires deferral of at least 60% of bonuses of senior bankers and limits the amounts that can be paid in cash. Bonuses are down significantly since their peak under the last Government, and are now largely deferred and paid in shares.</p><p> </p><p>In contrast, the EU's bonus cap is a poorly thought through measure that undermines rather than reinforces our efforts by pushing up fixed pay. It was introduced without any proper impact assessment and has serious issues around its compatibility with the EU Treaty, and for these reasons we are challenging it in the European Court of Justice. However, pending the outcome, the Government is fully implementing the cap in the UK.</p><p> </p><p>The Prudential Regulation Authority and Financial Conduct Authority have responsibility for ensuring that remuneration practices in the banking sector are compliant with the new rules.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 01/05/2014 12:00:00 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	4076 label Biography information for Valerie Vaz

48742

	registered interest
	date	28/04/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, if he will review the level and practice of undeclared costings charged by financial institutions to private investors on open-ended investment trusts and other products.
	tabling member constituency	East Londonderry
	tabling member printed	Mr Gregory Campbell
	uin	196864
	answer	answer is ministerial correction date of answer 01/05/2014 answer text <p>The Government is aware of the impact that costs can have on investment returns. While there are currently no plans for HM Treasury to undertake a review the Government is working with the Financial Conduct Authority (FCA), which regulates the disclosure of fees and expenses in accordance with existing regulation.</p><p> </p><p>The FCA has conducted a review on the clarity of fund charges within the current regulatory framework to ensure costs are clearly set out to consumers. It will publish its findings in quarter 2 2014. The FCA has also worked closely with the Treasury to shape future European legislation which will improve the disclosure of fund charges across Europe.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 01/05/2014 12:00:00 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	1409 label Biography information for Mr Gregory Campbell

48749

	registered interest
	date	28/04/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what recent discussions he has had with banks about the closure of branches; and if he will make a statement.
	tabling member constituency	Tewkesbury
	tabling member printed	Mr Laurence Robertson
	uin	196915
	answer	answer is ministerial correction date of answer 01/05/2014 answer text <p><strong>Treasury Ministers and officials meet with, and receive representations from, a wide range of organisations and individuals in the public and private sector as part of the usual policymaking process. It is not Government practice to provide details of all such representations.</strong></p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 01/05/2014 12:00:00 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	253 label Biography information for Mr Laurence Robertson