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819352

	registered interest
	date	09/01/2018
	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	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government how many times the Trustees of the Mineworkers Pension Scheme have asked Ministers for meetings to re-negotiate the surplus sharing arrangements of the Scheme since privatisation of the industry; what were the responses to those requests; and what was the reasoning behind the response in each case.
	tabling member printed	Lord Hain
	uin	HL4555
	answer	answer is ministerial correction date of answer 16/01/2018 answer text <p>The Mineworkers’ Pension Scheme Trustees have requested changes to the surplus-sharing arrangements on two occasions (2000 and 2006). On each occasion, the Government considered that the existing arrangements were working well and fair to all parties. Since then, the scheme has continued to deliver bonuses to members.</p> answering member printed Lord Henley question first answered 16/01/2018 13:28:35 answering member 2616 label Biography information for Lord Henley
	tabling member	567 label Biography information for Lord Hain

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

1126186

	registered interest
	date	13/05/2019
	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 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.
	tabling member constituency	Ashfield
	tabling member printed	Gloria De Piero
	uin	253540
	answer	answer is ministerial correction date of answer 16/05/2019 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> answering member constituency Pendle answering member printed Andrew Stephenson question first answered 16/05/2019 08:10:56 answering member 4044 label Biography information for Andrew Stephenson
	tabling member	3915 label Biography information for Gloria De Piero

601170

	registered interest
	date	13/10/2016
	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 many (a) former miners and (b) widows of former miners are in receipt of the mineworker's pension in (i) the UK, (ii) the East Midlands and (iii) Ashfield constituency.
	tabling member constituency	Ashfield
	tabling member printed	Gloria De Piero
	uin	48674
	answer	answer is ministerial correction date of answer 20/10/2016 answer text <p>The scheme is not administered by the Government, but by the Scheme Trustees. The Department does not, therefore, hold this information.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 20/10/2016 10:07:19 answering member 3991 label Biography information for Jesse Norman previous answer version 15089 answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman answering member 3991 label Biography information for Jesse Norman
	tabling member	3915 label Biography information for Gloria De Piero

601171

	registered interest
	date	13/10/2016
	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 oral Answer of 13 September 2016, Official Report, column 764, when he plans to meet the hon. Member for Ashfield to discuss the mineworker's pension scheme.
	tabling member constituency	Ashfield
	tabling member printed	Gloria De Piero
	uin	48676
	answer	answer is ministerial correction date of answer 20/10/2016 answer text <p>The hon. Member has been offered a meeting with my rt. Hon. Friend the Secretary of State. We hope she is able to attend.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 20/10/2016 10:07:36 answering member 3991 label Biography information for Jesse Norman previous answer version 15090 answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman answering member 3991 label Biography information for Jesse Norman
	tabling member	3915 label Biography information for Gloria De Piero

601172

	registered interest
	date	13/10/2016
	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 the Government has received from the mineworker's pension scheme since 1994.
	tabling member constituency	Ashfield
	tabling member printed	Gloria De Piero
	uin	48677
	answer	answer is ministerial correction date of answer 20/10/2016 answer text <p>Primarily as a result of strong investment returns, the Mineworkers’ Pension Scheme has generated surpluses which have been shared equally between Government and the scheme members as bonuses, in accordance with the agreement reached in 1994. In its role as Guarantor, the Government has received £3,356.3m by this means since 1994.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 20/10/2016 10:51:14 answering member 3991 label Biography information for Jesse Norman previous answer version 15091 answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman answering member 3991 label Biography information for Jesse Norman
	tabling member	3915 label Biography information for Gloria De Piero

626134

	registered interest
	date	31/10/2016
	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 20 October 2016 to Question 48677, how much the Government has received from the Mineworkers' Pensions Scheme since 1994 net of payments from the Government arising from its guarantee.
	tabling member constituency	Ashfield
	tabling member printed	Gloria De Piero
	uin	51065
	answer	answer is ministerial correction date of answer 03/11/2016 answer text <p>In its role as Guarantor, the Government has received £3,356.3m from the Mineworkers’ Pension Scheme since 1994. No payments have been made into the scheme by the Government. The existing surplus-sharing arrangements have worked well to date, with the presence of the Guarantee enabling the Trustees to invest in a way that has generated surpluses and, as a consequence, bonuses to members.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 03/11/2016 16:32:20 answering member 3991 label Biography information for Jesse Norman
	tabling member	3915 label Biography information for Gloria De Piero