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1419196

registered interest
date	02/02/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Government: Research
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what the status is of the Government Social Research Publication Protocol entitled Publishing research and analysis in government; and what the consequences are in the event of a breach of that protocol.
tabling member constituency	East Ham
tabling member printed	Stephen Timms
uin	116832
answer	answer is ministerial correction date of answer 07/02/2022 answer text <p>The status of the Government Social Research Publication Protocol entitled ‘Publishing research and analysis in government’ was updated and published in December 2021. This is available on gov.uk https://www.gov.uk/government/publications/government-social-research-publication-protocols#full-publication-update-history</p><p> </p><p>The protocol applies to government departments in England and Wales that conduct or commission social research; the Scottish Government procedures for publishing social research are compliant with this protocol. Non-departmental public bodies and agencies are not obliged to follow the protocol, although as it is a statement of good practice for the publication of social research and analysis, compliance is encouraged.</p><p> </p><p>This update builds on and supersedes the GSR Publication Protocol published in 2015, and is signed off by Jenny Dibden (Head of GSR), Professor Sir Ian Diamond (National Statistician &amp; Head of the Analysis Function) and Sir Patrick Vallance (UK Government Chief Scientific Adviser &amp; Head of the Government Science &amp; Engineering Profession.</p><p> </p><p>There is an escalation route for breaching the guidelines in the Protocol, this can be found on page 7 in Principle 2:</p><p> </p><p>Where publication is not within 12 weeks, the relevant GSR Head of Profession should be notified and the reason for delay recorded. Reason for delay could be practical or legal, for example during an election period or prior to the budget announcement. The extent to which departments publish within 12 weeks will be monitored by GSR Heads of Profession and regularly reported to the GSR Board. Where systematic issues and/or delays on individual reports are identified, these will be escalated via Department Directors of Analysis and the Analysis Function Board for further scrutiny. GSR will also work with the Office for Statistics Regulation.</p> answering member constituency Salisbury answering member printed John Glen question first answered 07/02/2022 10:20:53 answering member 4051 label Biography information for John Glen
tabling member	163 label Biography information for Sir Stephen Timms

1418612

registered interest
date	01/02/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services: Environment Protection
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to Greening Finance Roadmap, published in October 2021, what assessment he has made of the case for implementing the Sustainability Disclosure Requirements before the suggested three to five year timeline; and if he will make a statement.
tabling member constituency	East Ham
tabling member printed	Stephen Timms
uin	115833
answer	answer is ministerial correction date of answer 07/02/2022 answer text <p>The document ‘<em>Greening Finance: A Roadmap to S</em><em>ustainable Investing’</em> sets out an indicative pathway to introducing coordinated Sustainability Disclosure Requirements (SDR) across the economy. SDR builds on the UK’s ambitious leadership on green finance and will incorporate the UK’s existing commitment to make reporting aligned with the Taskforce on Climate Related Financial Disclosure (TCFD) mandatory, require robust reporting against the UK Green Taxonomy, and aim to incorporate international standards as they are developed.</p><p> </p><p>The implementation of legislative and regulatory measures will be subject to parliamentary review and to consultation, ensuring effective scrutiny over the requirements that are introduced. Detailed disclosure requirements will be determined by the relevant regulators and government departments following consultation, and anticipated timings are set out in the Roadmap.</p> answering member constituency Salisbury answering member printed John Glen question first answered 07/02/2022 16:18:12 answering member 4051 label Biography information for John Glen
tabling member	163 label Biography information for Sir Stephen Timms

1418347

registered interest
date	31/01/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services: Environment Protection
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment he has made of the potential merits of making the Sustainability Disclosure Requirements, announced in the Green Finance Roadmap, mandatory; and if he will make a statement.
tabling member constituency	East Ham
tabling member printed	Stephen Timms
uin	114615
answer	answer is ministerial correction date of answer 03/02/2022 answer text <p>In October 2021, the Government published ‘<em>Greening Finance: A Roadmap to Sustainable Investing’</em>, setting out details of new, economy-wide Sustainability Disclosure Requirements (SDR). The ambition is for the new SDR to apply to companies, asset managers and asset owners, including pension schemes, and investment products. It will require reporting for the first time on climate and environmental impact, alongside the financial risks and opportunities these pose to business. This builds on our world-leading efforts in making TCFD-related disclosures mandatory in the UK.</p><p> </p><p>As set out in that Roadmap, these disclosures must be mandatory to ensure that relevant firms are disclosing high-quality information, enabling investors to compare disclosures and ensuring that data is available across the economy. The Roadmap published in October outlines a pathway to introducing requirements across the economy in a coordinated and proportionate way.</p> answering member constituency Salisbury answering member printed John Glen question first answered 03/02/2022 09:20:21 answering member 4051 label Biography information for John Glen
tabling member	163 label Biography information for Sir Stephen Timms

1366897

registered interest
date	08/11/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Foreign Exchange: Fees and Charges
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, pursuant to the Answer of 28 October 2021 to Question 62566, what plans he has to require banks to show the difference between the mid-market (interbank) exchange rate and the rate they use when offering foreign exchange products to customers; and if he will make a statement.
tabling member constituency	East Ham
tabling member printed	Stephen Timms
uin	71263
answer	answer is ministerial correction date of answer 15/11/2021 answer text <p>The Government recognises the importance of transparency of fees and charges in protecting consumers and ensuring effective competition between payment service providers (PSPs) such as banks. To this end, the UK has regulatory requirements in place to ensure that currency conversation rates are clearly communicated to customers before a transaction takes place.</p><p> </p><p>The Government has no plans at this time to amend these requirements, but keeps all policy under review.</p> answering member constituency Salisbury answering member printed John Glen question first answered 15/11/2021 14:08:13 answering member 4051 label Biography information for John Glen
tabling member	163 label Biography information for Sir Stephen Timms

1363025

registered interest
date	25/10/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Electronic Funds Transfer: Fees and Charges
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what plans he has to ensure all payment service providers publish the total costs they charge, including sending and receiving fees, costs charged by any intermediaries, foreign exchange rate and currency conversion charges; and if he will make a statement.
tabling member constituency	East Ham
tabling member printed	Stephen Timms
uin	62565
answer	answer is ministerial correction date of answer 28/10/2021 answer text <p>The Government recognises the importance of transparency of fees and charges in ensuring effective competition between payment service providers.</p><p> </p><p>The Payment Services Regulations 2017 make several requirements on UK payment service providers regarding disclosure of fees and charges to the payer, for example, the exchange rate used for a currency conversion transaction. Provisions under the Cross Border Payments Regulation, which continue to apply in the UK as part of retained EU law, also contribute to price transparency, with further requirements regarding how foreign exchange costs are communicated before a payment is made.</p><p> </p><p>These regulations, amongst other things, are intended to enable consumers to make informed decisions when making use of payment services including where currency conversion is offered. The Financial Conduct Authority (FCA) is the relevant regulatory authority with responsibility for monitoring and enforcing these requirements. Should the FCA have concerns regarding firms’ compliance with the requirements, it will take appropriate action as necessary.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 62566 question first answered 28/10/2021 11:38:39 answering member 4051 label Biography information for John Glen
tabling member	163 label Biography information for Sir Stephen Timms

1363026

registered interest
date	25/10/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Foreign Exchange: Fees and Charges
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what plans he has to enforce cross border payments price transparency in line with the Cross Border Payments Regulation 2; and if he will make a statement.
tabling member constituency	East Ham
tabling member printed	Stephen Timms
uin	62566
answer	answer is ministerial correction date of answer 28/10/2021 answer text <p>The Government recognises the importance of transparency of fees and charges in ensuring effective competition between payment service providers.</p><p> </p><p>The Payment Services Regulations 2017 make several requirements on UK payment service providers regarding disclosure of fees and charges to the payer, for example, the exchange rate used for a currency conversion transaction. Provisions under the Cross Border Payments Regulation, which continue to apply in the UK as part of retained EU law, also contribute to price transparency, with further requirements regarding how foreign exchange costs are communicated before a payment is made.</p><p> </p><p>These regulations, amongst other things, are intended to enable consumers to make informed decisions when making use of payment services including where currency conversion is offered. The Financial Conduct Authority (FCA) is the relevant regulatory authority with responsibility for monitoring and enforcing these requirements. Should the FCA have concerns regarding firms’ compliance with the requirements, it will take appropriate action as necessary.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 62565 question first answered 28/10/2021 11:38:39 answering member 4051 label Biography information for John Glen
tabling member	163 label Biography information for Sir Stephen Timms

1356806

registered interest
date	20/09/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Workplace Pensions
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what changes HMRC made to the process for registering occupational pension schemes in (a) 2006 and (b) 2014; and what the reasons were for those changes .
tabling member constituency	East Ham
tabling member printed	Stephen Timms
uin	51578
answer	answer is ministerial correction date of answer 23/09/2021 answer text <p>HMRC is responsible for registering pension schemes where they wish to benefit from the tax reliefs available to pensions.</p><p> </p><p>As a result of pension tax simplification, pension scheme registration was moved to a new online digital system in 2006.</p><p> </p><p>As part of a wider government response to concerns surrounding pension scams, in 2014 legislation was introduced to enable HMRC to refuse registration where the scheme administrators were not considered to be fit and proper.</p> answering member constituency Salisbury answering member printed John Glen question first answered 23/09/2021 13:44:10 answering member 4051 label Biography information for John Glen
tabling member	163 label Biography information for Sir Stephen Timms

1338666

registered interest
date	22/06/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services: Fraud
house id	1
legislature	25259 pref label House of Commons
question text	What recent discussions he has had with the Financial Conduct Authority on tackling online financial crime.
tabling member constituency	East Ham
tabling member printed	Stephen Timms
uin	901634
answer	answer is ministerial correction date of answer 22/06/2021 answer text <p>Whilst the FCA is an independent, non-governmental regulator, the Treasury, as the department jointly responsible for economic crime policy with Home Office, is in regular contact with the FCA on matters to do with online financial crime. I can confirm that my officials hold regular discussions with their FCA counterparts on these issues, including on the delivery of the Economic Crime Plan, the prevention of online harms, including financial promotions and online fraud, and issues related to anti-money laundering supervision. In addition, the FCA is a member of the Economic Crime Strategic Board, through which the government, regulators, law enforcement, and industry discuss and drive forward the UK’s overall response to economic crime.</p><p><strong> </strong></p> answering member constituency Salisbury answering member printed John Glen question first answered 22/06/2021 13:27:08 answering member 4051 label Biography information for John Glen
tabling member	163 label Biography information for Sir Stephen Timms

1258237

registered interest
date	03/12/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Pension Wise
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to Q82 of the oral evidence taken before the Treasury Committee on 4 November 2020, HC950, what plans the Financial Conduct Authority has to set a target for take-up of Pensions Wise.
tabling member constituency	East Ham
tabling member printed	Stephen Timms
uin	124647
answer	answer is ministerial correction date of answer 08/12/2020 answer text <p>This is a matter for the Financial Conduct Authority (FCA), which is operationally independent from Government. The question has been passed on to the FCA. The FCA will reply directly to the right honourable Gentleman’s question by letter. A copy of the letter will be placed in the Library of the House.</p> answering member constituency Salisbury answering member printed John Glen question first answered 08/12/2020 14:08:46 answering member 4051 label Biography information for John Glen
tabling member	163 label Biography information for Sir Stephen Timms

1231853

registered interest
date	07/09/2020
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Pensions
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, pursuant to the Answer of 3 September to Question 81494 on Pensions, on what date he is planning for that change to take effect.
tabling member constituency	East Ham
tabling member printed	Stephen Timms
uin	85929
answer	answer is ministerial correction date of answer 10/09/2020 answer text <p>In 2014 the government announced it would increase the minimum pension age to 57 from 2028, reflecting trends in longevity and encouraging individuals to remain in work, while also helping to ensure pension savings provide for later life.</p><p> </p><p>Further details, and plans for legislation, will be published in due course.</p> answering member constituency Salisbury answering member printed John Glen question first answered 10/09/2020 12:51:25 answering member 4051 label Biography information for John Glen
tabling member	163 label Biography information for Sir Stephen Timms