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999149

	registered interest
	date	31/10/2018
	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, pursuant to the Answer of 25 July 2018 to Question 164474 on the Mineworkers’ Pension Scheme, what discussions his Department has had with the trustees of that scheme; and if he will make a statement.
	tabling member constituency	Mansfield
	tabling member printed	Ben Bradley
	uin	186447
	answer	answer is ministerial correction date of answer 12/11/2018 answer text <p>Those discussions are ongoing. I would be happy to update my hon. Friend once a conclusion has been reached.</p> answering member constituency Devizes answering member printed Claire Perry question first answered 12/11/2018 17:31:47 answering member 3974 label Biography information for Claire Perry
	tabling member	4663 label Biography information for Ben Bradley

999232

	registered interest
	date	31/10/2018
	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, if he will publish the annual surpluses to Government from the Mineworkers Pension Fund in each year since 1994.
	tabling member constituency	Bassetlaw
	tabling member printed	John Mann
	uin	186222
	answer	answer is ministerial correction date of answer 12/11/2018 answer text <p>The sums the Government has received each year from its share of scheme surpluses are set out below. There were no receipts before 1998. Surplus shares are calculated at three-yearly valuations and paid in ten annual instalments. More information is available in a <a href="https://researchbriefings.parliament.uk/ResearchBriefing/Summary/SN01189#fullreport" target="_blank">House of Commons Research Briefing</a>. 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><p> </p><table><tbody><tr><td><p>Year[1]</p></td><td><p>Share of surplus (£m)</p></td><td><p>Year</p></td><td><p>Share of surplus (£m)</p></td></tr><tr><td><p>1998</p></td><td><p>113</p></td><td><p>2009</p></td><td><p>146</p></td></tr><tr><td><p>1999</p></td><td><p>113</p></td><td><p>2010</p></td><td><p>145</p></td></tr><tr><td><p>2000</p></td><td><p>113</p></td><td><p>2011</p></td><td><p>331</p></td></tr><tr><td><p>2001</p></td><td><p>196</p></td><td><p>2012</p></td><td><p>31</p></td></tr><tr><td><p>2002</p></td><td><p>196</p></td><td><p>2013</p></td><td><p>50</p></td></tr><tr><td><p>2003</p></td><td><p>196</p></td><td><p>2014</p></td><td><p>50</p></td></tr><tr><td><p>2004</p></td><td><p>175</p></td><td><p>2015</p></td><td><p>92.1</p></td></tr><tr><td><p>2005</p></td><td><p>175</p></td><td><p>2016</p></td><td><p>113.4</p></td></tr><tr><td><p>2006</p></td><td><p>175</p></td><td><p>2017</p></td><td><p>51</p></td></tr><tr><td><p>2007</p></td><td><p>327</p></td><td><p>2018</p></td><td><p>51</p></td></tr><tr><td><p>2008</p></td><td><p>146</p></td><td><p>2019</p></td><td><p>142.4</p></td></tr></tbody></table><p> </p><p>[1] MPS Scheme years run from 1 October to 30 September. Payments are generally made on 1 October.</p> answering member constituency Devizes answering member printed Claire Perry question first answered 12/11/2018 17:36:04 answering member 3974 label Biography information for Claire Perry
	tabling member	1387 label Biography information for Lord Mann