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1489574

	registered interest
	date	15/07/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Mineworkers' Pension Scheme
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, pursuant to the Oral question of 12 July 2022, Official Report, column 138, on the Mineworkers Pension Scheme, whether the Treasury has received the Trustee’s proposal on the issue; and if his Department will make a decision on that proposal by 21 July 2022.
	tabling member constituency	Barnsley East
	tabling member printed	Stephanie Peacock
	uin	37583
	answer	answer is ministerial correction date of answer 20/07/2022 answer text <p>HM Treasury recognises the importance of the issue and has approved the Mineworkers’ Pension Scheme Trustees’ request to bring forward the ‘bonus protection’ arrangements.</p> answering member constituency Middlesbrough South and East Cleveland answering member printed Mr Simon Clarke question first answered 20/07/2022 13:45:50 answering member 4655 label Biography information for Sir Simon Clarke
	tabling member	4607 label Biography information for Stephanie Peacock

1387700

	registered interest
	date	14/12/2021
	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 miners were recipients of the Mineworkers’ Pension Scheme in November 2021.
	tabling member constituency	Barnsley East
	tabling member printed	Stephanie Peacock
	uin	93012
	answer	answer is ministerial correction date of answer 05/01/2022 answer text <p>As of November 2021, there are 127,876 Mineworkers’ Pension Scheme members, of whom 118,154 are in receipt of their pension.</p> answering member constituency Chelsea and Fulham answering member printed Greg Hands question first answered 05/01/2022 17:01:28 answering member 1526 label Biography information for Greg Hands
	tabling member	4607 label Biography information for Stephanie Peacock

1387701

	registered interest
	date	14/12/2021
	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 miners were recipients of the Mineworkers’ Pension Scheme in (a) May 2020, (b) November 2020 and (c) May 2021.
	tabling member constituency	Barnsley East
	tabling member printed	Stephanie Peacock
	uin	93013
	answer	answer is ministerial correction date of answer 05/01/2022 answer text <p>In May 2020, there were 136,886 Mineworkers’ Pension Scheme members of whom 125,355 were in receipt of pension. Equivalent numbers in November 2020 were 134,391 and 123,516 and in May 2021, 131,534 and 121,262.</p> answering member constituency Chelsea and Fulham answering member printed Greg Hands question first answered 05/01/2022 17:00:15 answering member 1526 label Biography information for Greg Hands
	tabling member	4607 label Biography information for Stephanie Peacock

1242506

	registered interest
	date	12/10/2020
	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, with reference to the Answer of 3 November 2016 to Question 51063 on the Mineworkers' Pension Scheme, whether the Government has made any direct payments to the Mineworkers' Pension Scheme under the guarantee arrangements since November 2016.
	tabling member constituency	Barnsley East
	tabling member printed	Stephanie Peacock
	uin	102148
	answer	answer is ministerial correction date of answer 15/10/2020 answer text <p>No such payments have been made.</p> answering member constituency Spelthorne answering member printed Kwasi Kwarteng question first answered 15/10/2020 16:18:00 answering member 4134 label Biography information for Kwasi Kwarteng
	tabling member	4607 label Biography information for Stephanie Peacock

1242507

	registered interest
	date	12/10/2020
	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 is held in the investment reserve funds for the Mineworkers' Pension Scheme.
	tabling member constituency	Barnsley East
	tabling member printed	Stephanie Peacock
	uin	102149
	answer	answer is ministerial correction date of answer 15/10/2020 answer text <p>As at 30 September 2020, the Investment Reserve stood at £1,216m.</p> answering member constituency Spelthorne answering member printed Kwasi Kwarteng question first answered 15/10/2020 16:16:36 answering member 4134 label Biography information for Kwasi Kwarteng
	tabling member	4607 label Biography information for Stephanie Peacock

1242509

	registered interest
	date	12/10/2020
	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 how much the Government will receive from the Mineworkers' Pension Scheme in the financial year (a) 2018-19, (b) 2019-20 and (c) 2020-21.
	tabling member constituency	Barnsley East
	tabling member printed	Stephanie Peacock
	uin	102150
	answer	answer is ministerial correction date of answer 15/10/2020 answer text <p>In 2018-19, the Government received £142.4m as its share of surplus and £475m from the Investment Reserve. In each of 2019-20 and 2020-21, the Government received £142.4m as its share of surplus. The presence of the Guarantee has given the Trustees the freedom to invest in a way that targets surpluses and, as a consequence, bonuses to members. Bonuses paid to date mean that the typical member’s pension today is around 33% higher in real terms than it would otherwise have been.</p> answering member constituency Spelthorne answering member printed Kwasi Kwarteng question first answered 15/10/2020 16:15:50 answering member 4134 label Biography information for Kwasi Kwarteng
	tabling member	4607 label Biography information for Stephanie Peacock

1240476

	registered interest
	date	05/10/2020
	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 its share of the surplus from the Mineworkers' Pension Scheme since the surplus-sharing arrangement was agreed.
	tabling member constituency	Barnsley East
	tabling member printed	Stephanie Peacock
	uin	99079
	answer	answer is ministerial correction date of answer 08/10/2020 answer text <p>Since the agreement was reached in 1994, the Government has received £3,<del class="ministerial">4</del><ins class="ministerial">1</ins>11.8m as its share of surpluses. This is in return for the provision of the guarantee that ensures pensions are paid. The 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 Spelthorne answering member printed Kwasi Kwarteng question first answered 08/10/2020 16:56:38 question first ministerially corrected 15/04/2021 16:22:57 answering member 4134 label Biography information for Kwasi Kwarteng previous answer version 52992 answering member constituency Spelthorne answering member printed Kwasi Kwarteng answering member 4134 label Biography information for Kwasi Kwarteng
	tabling member	4607 label Biography information for Stephanie Peacock

1173218

	registered interest
	date	24/01/2020
	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 the timeframe is for the implementation of the long-term protection of pension bonuses for members for the Mineworkers' Pensions Scheme.
	tabling member constituency	Barnsley East
	tabling member printed	Stephanie Peacock
	uin	7656
	answer	answer is ministerial correction date of answer 29/01/2020 answer text <p>I refer the hon. Member to the answer I gave the hon. Member for Blaenau Gwent on 15 January 2020 to Question <a href="https://www.parliament.uk/business/publications/written-questions-answers-statements/written-question/Commons/2020-01-09/1709/" target="_blank">1709</a>.</p> answering member constituency Spelthorne answering member printed Kwasi Kwarteng question first answered 29/01/2020 16:05:27 answering member 4134 label Biography information for Kwasi Kwarteng
	tabling member	4607 label Biography information for Stephanie Peacock

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