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872604

	registered interest
	date	27/03/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Financial Services
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, whether his Department plans to contribute to the debate arising from the Financial Conduct Authority's discussion paper, Transforming culture in Financial Services, published on 12 March 2018.
	tabling member constituency	Strangford
	tabling member printed	Jim Shannon
	uin	134418
	answer	answer is ministerial correction date of answer 06/04/2018 answer text <p>The Government welcomes the Financial Conduct Authority’s recent discussion paper, ‘Transforming Culture in Financial Services’. The Government has implemented a number of reforms since the financial crisis to improve conduct and encourage a more positive culture in the financial services sector, including through the introduction of the Senior Managers and Certification Regime. The Government will continue to engage with the financial regulators and industry to progress this important issue, including to consider the views raised in this discussion paper.</p> answering member constituency Salisbury answering member printed John Glen question first answered 06/04/2018 08:58:20 answering member 4051 label Biography information for John Glen
	tabling member	4131 label Biography information for Jim Shannon

873538

	registered interest
	date	28/03/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Financial Services
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, if he will make an assessment of the contribution of the discussion paper from the FCA published on Monday 12 March 2018 entitled Transforming culture in financing services to addressing the issues raised by failures in the banking and finance sector over the last 10-15 years.
	tabling member constituency	Strangford
	tabling member printed	Jim Shannon
	uin	134652
	answer	answer is ministerial correction date of answer 18/04/2018 answer text <p>The Government welcomes the Financial Conduct Authority’s recent discussion paper, ‘Transforming Culture in Financial Services’. The Government has not made a formal assessment of this paper. However, Government will continue to engage with the financial regulators and industry to progress this important issue, including to consider the views raised in this paper. The Government has implemented a number of reforms since the financial crisis to improve conduct and encourage a more positive culture in the financial services sector, including through the introduction of the Senior Managers and Certification Regime.</p> answering member constituency Salisbury answering member printed John Glen question first answered 18/04/2018 13:01:42 answering member 4051 label Biography information for John Glen
	tabling member	4131 label Biography information for Jim Shannon

886128

	registered interest
	date	18/04/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Bank Services: Small Businesses
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, pursuant to the oral contribution of the Economic Secretary to the Treasury on 18 January 2018, Official Report column 1127-8, what assessment he has made of the adequacy (a) with which the Financial Conduct Authority consultation paper CP18 sets out (i) Treasury and (ii) FCA powers, duties and responsibilities to small and medium-sized enterprises that suffered from bank maladministration in its proposed expansion of the range of people eligible to complain to the Financial Ombudsman Service from 1 December 2018 and (b) of the remedies available to people who suffered from bank maladministration in August 2007 and (A) went out of business and (B) still trade.
	tabling member constituency	Strangford
	tabling member printed	Jim Shannon
	uin	136323
	answer	answer is ministerial correction date of answer 26/04/2018 answer text <p>Financial Conduct Authority (FCA) consultation paper CP 18/3 accurately sets out which changes to the Financial Ombudsman Service’s compulsory jurisdiction the FCA could make using its powers.</p><p> </p><p>The Government awaits the outcomes of the analysis currently being conducted by various parties regarding small businesses’ options for resolving disputes with financial services providers.</p> answering member constituency Salisbury answering member printed John Glen question first answered 26/04/2018 13:34:00 answering member 4051 label Biography information for John Glen
	tabling member	4131 label Biography information for Jim Shannon

886130

	registered interest
	date	18/04/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Bank Services: Small Businesses
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, pursuant to the oral contribution of the Economic Secretary to the Treasury of 18 January 2018, Official Report, column 1125, whether the Financial Conduct Authority (FCA) principles set out in paragraph 2.1 of the handbook apply to all firms authorised by the FCA for its (a) regulated and (b) unregulated business.
	tabling member constituency	Strangford
	tabling member printed	Jim Shannon
	uin	136325
	answer	answer is ministerial correction date of answer 26/04/2018 answer text <p>The Principles for Businesses set out in paragraph 2.1 of the Financial Conduct Authority (FCA) handbook are directed at authorised firms’ conduct in relation to their regulated activity, with three exceptions (as set out in paragraph 3.2): principle three – the adequacy of a firm’s systems and controls; principle four – the adequacy of a firm’s financial resources; and principle eleven – the duty to deal with the FCA in an open and co-operative way. These three principles apply to authorised firms’ regulated and unregulated business.</p> answering member constituency Salisbury answering member printed John Glen question first answered 26/04/2018 13:28:13 answering member 4051 label Biography information for John Glen
	tabling member	4131 label Biography information for Jim Shannon

895249

	registered interest
	date	01/05/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Equity Release: Older People
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, if he will support over-55s planning to take out equity release on their properties.
	tabling member constituency	Strangford
	tabling member printed	Jim Shannon
	uin	140093
	answer	answer is ministerial correction date of answer 10/05/2018 answer text <p>Older borrowers already have access to equity release mortgages from a range of lenders.</p><p> </p><p>The UK’s equity release market is competitive, and continues to grow year on year. The Government does not currently intend to offer additional support to equity release customers.</p> answering member constituency Salisbury answering member printed John Glen question first answered 10/05/2018 10:31:06 answering member 4051 label Biography information for John Glen
	tabling member	4131 label Biography information for Jim Shannon

175927

	registered interest
	date	27/01/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Self-assessment
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what steps HM Revenue and Customs has taken to encourage people to complete their tax returns by 31 January.
	tabling member constituency	Strangford
	tabling member printed	Jim Shannon
	uin	222146
	answer	answer is ministerial correction date of answer 03/02/2015 answer text <p>The 31 January deadline for online filing of tax returns is well known among Self Assessment (SA) filers, more than two-thirds of whom are represented by agents. For the past three years, more than 90% of customers filed on time.</p><p> </p><p> </p><p> </p><p>HM Revenue and Customs (HMRC) uses a mixture of direct reminders and a multimedia proactive publicity campaign to raise awareness and encourage people to pay and file on time.</p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 03/02/2015 13:58:29 answering member 1529 label Biography information for Mr David Gauke
	tabling member	4131 label Biography information for Jim Shannon

178792

	registered interest
	date	10/02/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Personal Savings: Pensioners
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what advice his Department provides to pensioners on how to invest their money.
	tabling member constituency	Strangford
	tabling member printed	Jim Shannon
	uin	224108
	answer	answer is ministerial correction date of answer 25/02/2015 answer text <p>At Budget 2014, the Chancellor announced a number of measures to give people more choice about how they use and manage their money in retirement.</p><p> </p><p> </p><p> </p><p>The Chancellor announced that from April 2015, anyone 55 and over will be able to access their defined contribution pension savings and use the savings as they choose.</p><p> </p><p> </p><p> </p><p>A new service, Pension Wise, will provide guidance online, face-to-face and on the phone, and will be up and running in time for April 2015.</p><p> </p><p>The website, in pilot form, is already available.</p><p> </p><p> </p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 25/02/2015 16:51:39 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	4131 label Biography information for Jim Shannon

225966

	registered interest
	date	09/03/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Mortgages
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what information he holds on the number of mortgages for residential property agreed in each of the last three years.
	tabling member constituency	Strangford
	tabling member printed	Jim Shannon
	uin	226849
	answer	answer is ministerial correction date of answer 16/03/2015 answer text <p>The Government does not collect information on the number of mortgages for residential property agreed on an annual basis. The Bank of England and Council of Mortgage Lenders routinely collect and publish statistics about the mortgage market, which they make publicly available on their respective websites</p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 16/03/2015 17:34:07 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	4131 label Biography information for Jim Shannon

226231

	registered interest
	date	10/03/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Poverty
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what steps the Government is taking to reduce the divide between the rich and the poor.
	tabling member constituency	Strangford
	tabling member printed	Jim Shannon
	uin	226891
	answer	answer is ministerial correction date of answer 16/03/2015 answer text <p>The Government has taken a number of steps to reduce poverty and inequality, and income inequality is now lower than when this Government came into office.</p><p> </p><p> </p><p> </p><p>By introducing Universal Credit, the Government will ensure that it always pays to be in work. Those in low paid jobs continue to be supported by the Minimum Wage, and in 2014, the Government increased the Minimum Wage in real terms for the first time since 2007. For those at the top, the Government is committed to ensuring that the richest pay a fair contribution: in the last year, the top 1% of income tax payers paid 28% of income tax revenue, a higher proportion than at any time under the previous Government.</p><p> </p><p> </p><p> </p> answering member constituency Witham answering member printed Priti Patel question first answered 16/03/2015 17:06:56 answering member 4066 label Biography information for Priti Patel
	tabling member	4131 label Biography information for Jim Shannon

346979

	registered interest
	date	27/05/2015
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Welfare Tax Credits: Telephone Services
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, what steps he is taking to ensure that the tax credit helpline is adequately staffed.
	tabling member constituency	Strangford
	tabling member printed	Jim Shannon
	uin	58
	answer	answer is ministerial correction date of answer 05/06/2015 answer text <p>In addition to our core Tax Credit advisers, this year HM Revenue and Customs (HMRC) has recruited more than 2,000 staff to its customer service teams and plans to have the majority of them in place and operational by end of June 2015.</p><p> </p><p> </p><p> </p><p>Alongside this, a further 1,500 extra staff from across HMRC are moving temporarily to support customer services in the run-up to the Tax Credits renewals deadline on 31 July. This movement of teams across HMRC in now a normal feature of how the department works: the tax year features distinct peaks in customer demand, with weekly calls varying from a few hundred thousand to well over a million, and so it would be highly inefficient to resource its teams to peak demand all year round.</p><p> </p><p> </p><p> </p><p>This year, Tax Credits customers can also renew or report changes of circumstances online at: <a href="https://www.gov.uk/renewtaxcredits" target="_blank">www.gov.uk/renewtaxcredits</a> and HMRC is actively encouraging them to do so.</p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 05/06/2015 13:32:41 answering member 1529 label Biography information for Mr David Gauke
	tabling member	4131 label Biography information for Jim Shannon