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1061025

	registered interest
	date	14/02/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Equitable Life Assurance Society: Compensation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will (a) undertake a review of the compensation afforded to people affected by Equitable Life and (b) issue guidance on recourse available to people affected in Southport constituency who have either not been paid out or have received insufficient compensation.
	tabling member constituency	Southport
	tabling member printed	Damien Moore
	uin	221789
	answer	answer is ministerial correction date of answer 21/02/2019 answer text <p>The Equitable Life Payment Scheme closed to claims in 2015. Further guidance on the status of the Payment Scheme after closure is available at https://www.gov.uk/guidance/equitable-life-payment-scheme#closure-of-the-scheme. There are no plans to reopen the Payment Scheme or review the funding allocation made to it.</p> answering member constituency Salisbury answering member printed John Glen question first answered 21/02/2019 12:09:52 answering member 4051 label Biography information for John Glen
	tabling member	4669 label Biography information for Damien Moore

1060691

	registered interest
	date	13/02/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Utilities: Nationalisation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether the Government has made an estimate of the cost of nationalising (a) the National Grid and the (b) water, (c) electricity and (d) gas companies of England and Wales.
	tabling member constituency	Hendon
	tabling member printed	Dr Matthew Offord
	uin	220880
	answer	answer is ministerial correction date of answer 21/02/2019 answer text <p>Her Majesty’s Government has conducted no formal assessment of the cost of nationalising the National Grid, the water companies, and the electricity and gas companies of England and Wales.</p><p> </p><p>The Government has no plans to renationalise the utilities. It remains fully committed to a model of private ownership with strong independent economic regulation. It has therefore not produced any formal assessment of the cost of nationalisation.</p> answering member constituency Newark answering member printed Robert Jenrick question first answered 21/02/2019 16:23:19 answering member 4320 label Biography information for Robert Jenrick
	tabling member	4006 label Biography information for Dr Matthew Offord

1061181

	registered interest
	date	14/02/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Treasury: Public Records
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, how many records his Department holds that have reached the time limit for their transfer to the National Archives but have not been transferred.
	tabling member constituency	Edinburgh North and Leith
	tabling member printed	Deidre Brock
	uin	221709
	answer	answer is ministerial correction date of answer 21/02/2019 answer text <p>HM Treasury currently holds the following legacy records (pre-1994):</p><p> </p><table><tbody><tr><td><p>23,310</p></td><td><p>- Records still to be reviewed, retained by means of Retention Instrument</p></td></tr><tr><td><p>9,645</p></td><td><p>- Records selected for transfer to The National Archives, retained by means of Retention Instrument</p></td></tr><tr><td><p>55,600</p></td><td><p>- Records awaiting destruction</p></td></tr><tr><td><p>11,774</p></td><td><p>- Records planned for transfer in calendar year 2019</p></td></tr><tr><td><p>13</p></td><td><p>- Records retained for an inquiry or investigation</p></td></tr><tr><td><p>526</p></td><td><p>- Records and extracts retained from transferred records</p></td></tr></tbody></table><p> </p> answering member constituency Newark answering member printed Robert Jenrick question first answered 21/02/2019 16:33:37 answering member 4320 label Biography information for Robert Jenrick
	tabling member	4417 label Biography information for Deidre Brock

1063834

	registered interest
	date	19/02/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Insurance: Cross Border Cooperation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will bring forward legislative proposals to tackle the uncertainty of cross-border insurance arrangements in the event that the UK leaves the EU without a deal.
	tabling member constituency	Belfast East
	tabling member printed	Gavin Robinson
	uin	222769
	answer	answer is ministerial correction date of answer 21/02/2019 answer text <p>The Government and the regulators have taken steps to avoid or minimise disruption to financial services, including insurance, in a no deal.</p><p> </p><p>The Government has legislated for a temporary permissions regime (TPR) that will allow EEA firms, including insurers, currently passporting into the UK to continue operating in the UK for up to three years after exit, while they apply for full authorisation from UK regulators and complete any necessary restructuring. The statutory instrument that implements the TPR was made law in November 2018.</p><p> </p><p>Furthermore, the Government and the regulators have taken steps to ensure that any EEA contractual obligations with UK customers, including with insurance policyholders, that are not captured by the TPR can continue to be met by legislating for a financial services contracts regime (FSCR). The statutory instrument that implements the FSCR was laid in Parliament in January 2019 and has been approved by both Houses of Parliament.</p><p> </p><p>However, the UK cannot unilaterally determine the conditions for UK firms' future access into the EU. A number of Member States, including Ireland, have announced measures addressing cross-border provision of financial services, including insurance, from the UK into the EU. And the European Insurance and Occupational Pensions Authority (EIOPA) issued recommendations to European regulators which seek to minimize the detriment to policyholders with cross-border insurance contracts.</p> answering member constituency Salisbury answering member printed John Glen question first answered 21/02/2019 12:03:47 answering member 4051 label Biography information for John Glen
	tabling member	4360 label Biography information for Gavin Robinson