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1134089

registered interest
date	24/06/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Economic Crime Strategic Board
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, who will be attending the economic crime strategy board meeting on 10 July 2019.
tabling member constituency	Oxford East
tabling member printed	Anneliese Dodds
uin	268540
answer	answer is ministerial correction date of answer 27/06/2019 answer text <p>The Economic Crime Strategic Board, co-chaired by the <a href="https://www.theyworkforyou.com/glossary/?gl=170" target="_blank">Chancellor</a> and the <a href="https://en.wikipedia.org/wiki/Home_Secretary" target="_blank">Home Secretary</a>, met for the first time on 14 January 2019. The Board sets priorities, directs resources and scrutinises performance against the economic crime threat. Its membership includes ministers, government officials and senior representatives from supervisory and law enforcement authorities, and the private sector.</p><p> </p><p>In its inaugural meeting, the Board commissioned the development of a shared public-private Economic Crime Plan and the development of a joint public-private economic crime threat update. The Economic Crime Plan – which will be published – will outline the public and private sectors’ collective ambition to combat economic crime and set out a series of concrete actions that both sectors will collectively undertake to enhance the <a href="https://en.wikipedia.org/wiki/UK" target="_blank">UK</a>’s economic crime response. A wide range of stakeholders from both the private sector and civil society have been consulted to inform the development of the Plan.</p><p> </p><p>The Board will meet for a second time on 10 July 2019 at which it will discuss the draft Economic Crime Plan and the economic crime threat update. The outcomes of the meeting will be published in due course.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 268541 268542 question first answered 27/06/2019 13:07:34 answering member 4051 label Biography information for John Glen
tabling member	4657 label Biography information for Anneliese Dodds

1134090

registered interest
date	24/06/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Economic Crime Strategic Board
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what elements of the economic crime strategy will be discussed at the economic crime strategy board meeting on 10 July 2019.
tabling member constituency	Oxford East
tabling member printed	Anneliese Dodds
uin	268541
answer	answer is ministerial correction date of answer 27/06/2019 answer text <p>The Economic Crime Strategic Board, co-chaired by the <a href="https://www.theyworkforyou.com/glossary/?gl=170" target="_blank">Chancellor</a> and the <a href="https://en.wikipedia.org/wiki/Home_Secretary" target="_blank">Home Secretary</a>, met for the first time on 14 January 2019. The Board sets priorities, directs resources and scrutinises performance against the economic crime threat. Its membership includes ministers, government officials and senior representatives from supervisory and law enforcement authorities, and the private sector.</p><p> </p><p>In its inaugural meeting, the Board commissioned the development of a shared public-private Economic Crime Plan and the development of a joint public-private economic crime threat update. The Economic Crime Plan – which will be published – will outline the public and private sectors’ collective ambition to combat economic crime and set out a series of concrete actions that both sectors will collectively undertake to enhance the <a href="https://en.wikipedia.org/wiki/UK" target="_blank">UK</a>’s economic crime response. A wide range of stakeholders from both the private sector and civil society have been consulted to inform the development of the Plan.</p><p> </p><p>The Board will meet for a second time on 10 July 2019 at which it will discuss the draft Economic Crime Plan and the economic crime threat update. The outcomes of the meeting will be published in due course.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 268540 268542 question first answered 27/06/2019 13:07:34 answering member 4051 label Biography information for John Glen
tabling member	4657 label Biography information for Anneliese Dodds

1134091

registered interest
date	24/06/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Economic Crime Strategic Board
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether extending the failure to prevent criminal offence for bribery to other economic crimes, such as fraud and money laundering, will be discussed at the economic crime strategy board meeting on 10 July 2019.
tabling member constituency	Oxford East
tabling member printed	Anneliese Dodds
uin	268542
answer	answer is ministerial correction date of answer 27/06/2019 answer text <p>The Economic Crime Strategic Board, co-chaired by the <a href="https://www.theyworkforyou.com/glossary/?gl=170" target="_blank">Chancellor</a> and the <a href="https://en.wikipedia.org/wiki/Home_Secretary" target="_blank">Home Secretary</a>, met for the first time on 14 January 2019. The Board sets priorities, directs resources and scrutinises performance against the economic crime threat. Its membership includes ministers, government officials and senior representatives from supervisory and law enforcement authorities, and the private sector.</p><p> </p><p>In its inaugural meeting, the Board commissioned the development of a shared public-private Economic Crime Plan and the development of a joint public-private economic crime threat update. The Economic Crime Plan – which will be published – will outline the public and private sectors’ collective ambition to combat economic crime and set out a series of concrete actions that both sectors will collectively undertake to enhance the <a href="https://en.wikipedia.org/wiki/UK" target="_blank">UK</a>’s economic crime response. A wide range of stakeholders from both the private sector and civil society have been consulted to inform the development of the Plan.</p><p> </p><p>The Board will meet for a second time on 10 July 2019 at which it will discuss the draft Economic Crime Plan and the economic crime threat update. The outcomes of the meeting will be published in due course.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 268540 268541 question first answered 27/06/2019 13:07:34 answering member 4051 label Biography information for John Glen
tabling member	4657 label Biography information for Anneliese Dodds

1134106

registered interest
date	24/06/2019
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, with reference to the Financial Conduct Authority survey of defined benefit pension advice published on 19 June 2019, what assessment his Department has made of the effectiveness of advice provided by the financial services industry on the potential merits of transferring out of defined benefit pension schemes.
tabling member constituency	Blaenau Gwent
tabling member printed	Nick Smith
uin	268448
answer	answer is ministerial correction date of answer 02/07/2019 answer text <p>The Government is committed to working with the Financial Conduct Authority (FCA), the independent financial services regulator, who are responsible for ensuring that the financial advice market works well, competitively and fairly. The Government has established a strong regulatory framework to enable the FCA’s work.</p><p> </p><p>In November 2018, the FCA requested data from every firm with permission to advise on defined benefit pension transfers, which provided them with a full picture of the market from 2015. In publishing the data in June 2019, the FCA raised concerns that firms are recommending that large numbers of consumers transfer out of their defined benefit (DB) pension schemes despite the FCA’s stance that transfers are likely to be unsuitable for most clients.</p><p> </p><p>Although the data are not an assessment of the suitability of advice, they give the FCA the information they need to focus their supervision work. The FCA will be writing to all firms and started visits to the most active firms in the market, with a view to complete a full assessment of the firms’ approach to DB advice, focusing on key aspects of firms’ business models and processes which could give rise to harm. The FCA will not hesitate to use their investigatory powers where they identify evidence of misconduct which could have caused harm to consumers.</p> answering member constituency Salisbury answering member printed John Glen question first answered 02/07/2019 14:20:00 answering member 4051 label Biography information for John Glen
tabling member	3928 label Biography information for Nick Smith

1134278

registered interest
date	24/06/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Insurance Premium Tax
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 effect of exempting telematics from insurance premium tax on (a) reducing the tax burden on motorists, (b) improving road safety and (c) protecting the environment.
tabling member constituency	St Austell and Newquay
tabling member printed	Steve Double
uin	268630
answer	answer is ministerial correction date of answer 02/07/2019 answer text <p>The government keeps all taxes under review, especially in the context of new technology. There is not clear evidence that an Insurance Premium Tax exemption for telematics-based insurance is the best way to achieve the outcomes mentioned in the question.</p><p> </p><p>The government is committed to: reducing the costs on motorists, such as freezing fuel duty for the ninth year in a row; improving road safety, such as making £100 million available from the Safer Roads Fund; and delivering on our ambitious 25 Year Environment Plan.</p> answering member constituency Salisbury answering member printed John Glen question first answered 02/07/2019 14:15:46 answering member 4051 label Biography information for John Glen
tabling member	4452 label Biography information for Steve Double