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142102

registered interest
date	06/11/2014
answering body	HM 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, what measures are in place to ensure that small and medium-sized businesses, which have made losses as a result of having been sold inappropriate complex financial products including fixed rate swaps and embedded swaps, are fully compensated.
tabling member constituency	Dundee West
tabling member printed	Jim McGovern
uin	213748
answer	answer is ministerial correction date of answer 17/11/2014 answer text <p>Any business which feels it has been mis- sold a fixed-rate loan should contact its bank’s customer complaints department. The FCA’s rules require the banks to properly investigate all complaints and, through ongoing supervision, the FCA monitors the banks’ complaint handling process.</p><p> </p><p>If a business is not happy with its bank’s response and the business has a turnover of less than €2 million and fewer than 10 employees, the business will be eligible to apply to have a further review conducted by the Financial Ombudsman Service</p><p> </p><p>Additionally, if a business believes a bank has acted unlawfully, they can seek to take action through the courts.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 17/11/2014 15:47:53 answering member 4117 label Biography information for Andrea Leadsom
tabling member	1515 label Biography information for Jim McGovern

142105

registered interest
date	06/11/2014
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 steps he is taking to improve transparency of mortgage fees and charges.
tabling member constituency	Birkenhead
tabling member printed	Mr Frank Field
uin	213716
answer	answer is ministerial correction date of answer 13/11/2014 answer text <p>The Government is committed to ensuring fair and effective competition across all financial services markets. It has established the independent Financial Conduct Authority (FCA) and given them the responsibility, enshrined in law, to promote effective competition in the interest of consumers. The FCA has the power to create, supervise and enforce any rules it thinks are needed to promote consumer protection, transparency and competition, including with respect to mortgage fees and charges.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 13/11/2014 14:49:17 answering member 4117 label Biography information for Andrea Leadsom
tabling member	478 label Biography information for Lord Field of Birkenhead

142114

registered interest
date	06/11/2014
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 recent assessment he has made of the transparency of mortgage pricing; and if he will make a statement.
tabling member constituency	Wycombe
tabling member printed	Steve Baker
uin	213670
answer	answer is ministerial correction date of answer 13/11/2014 answer text <p>The Government is committed to ensuring fair and effective competition across all financial services markets. It has established the independent Financial Conduct Authority (FCA) and given them the responsibility, enshrined in law, to promote effective competition in the interest of consumers. The FCA has the power to create, supervise and enforce any rules it thinks are needed to promote consumer protection, transparency and competition, including with respect to the transparency of mortgage pricing.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 13/11/2014 14:42:02 answering member 4117 label Biography information for Andrea Leadsom
tabling member	4064 label Biography information for Mr Steve Baker

142152

registered interest
date	06/11/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Credit: Interest Rates
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, if he will commission research on the effects of levels of advertising by payday loan companies on average levels of personal debt.
tabling member constituency	Vale of Clwyd
tabling member printed	Chris Ruane
uin	213807
answer	answer is ministerial correction date of answer 13/11/2014 answer text <p>The Government is committed to tackling consumer harm in the payday lending market wherever it occurs, including in the marketing of payday loans.</p><p> </p><p> </p><p> </p><p>Payday loan adverts are subject to the Advertising Standards Authority’s (ASA) strict content rules. The ASA enforces the rules set out in the UK Code of Broadcast Advertising. The Code requires that all adverts are socially responsible, and prohibits lenders from deliberately targeting vulnerable people.</p><p> </p><p> </p><p> </p><p>The ASA has powers to ban adverts which do not meet its rules, and has a strong track record of doing so - since April 2013, the ASA has banned 25 payday loan adverts.</p><p> </p><p> </p><p> </p><p>The FCA has also introduced robust new rules for payday loan adverts, including the introduction of mandatory risk warnings and a requirement to signpost to free debt advice. The FCA also has powers to ban misleading adverts which breach its rules.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 13/11/2014 14:55:07 answering member 4117 label Biography information for Andrea Leadsom
tabling member	534 label Biography information for Chris Ruane

142359

registered interest
date	06/11/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Public Sector: Employment
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what assessment he has made of the effect of reductions in public sector spending on (a) employment rates and (b) household spending power in areas of the country where more than one-third of the workforce is employed in the public sector.
tabling member constituency	Vale of Clwyd
tabling member printed	Chris Ruane
uin	213820
answer	answer is ministerial correction date of answer 18/11/2014 answer text <p>Analysis of the impact of spending reductions on the economy and forecasts of UK employment are carried out by the Office of Budget Responsibility. The Treasury also publishes analysis of the impact of policy decisions across the income distribution at fiscal events, and annual statistical information showing public expenditure by country, region and function.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 18/11/2014 17:31:55 answering member 4117 label Biography information for Andrea Leadsom
tabling member	534 label Biography information for Chris Ruane

142365

registered interest
date	06/11/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Burges Salmon Solicitors
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, if he will place in the Library a copy of the 2009 inquiry by the Financial Services Authority into Burges Salmon.
tabling member constituency	Vale of Clwyd
tabling member printed	Chris Ruane
uin	213809
answer	answer is ministerial correction date of answer 18/11/2014 answer text <p>The publication of material produced as a result of Financial Services Authority (FSA) investigations are a matter for its successor bodies, the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA).</p><p> </p><p> </p><p> </p><p>The FCA have confirmed that the FSA did not undertake any inquiry into Burges Salmon in 2009. Burges Salmon was investigated by the Solicitors Regulation Authority (SRA), between 2008 and 2010.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 18/11/2014 17:07:58 answering member 4117 label Biography information for Andrea Leadsom
tabling member	534 label Biography information for Chris Ruane

114607

registered interest
date	05/11/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Equitable Life Assurance Society
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, if he will increase compensation payments to Equitable Life policyholders.
tabling member constituency	North East Bedfordshire
tabling member printed	Alistair Burt
uin	213511
answer	answer is ministerial correction date of answer 17/11/2014 answer text <p>The Equitable Life Payment Scheme is focussed on making the remaining payments to eligible policyholders. The Government has sought to achieve fairness between Equitable Life policyholders and the taxpayers who must bear the cost at a time when the nation's finances are in a difficult position. We have no plans to re-open the design of the Scheme.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom question first answered 17/11/2014 15:46:18 answering member 4117 label Biography information for Andrea Leadsom
tabling member	1201 label Biography information for Alistair Burt

114609

registered interest
date	05/11/2014
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 recent discussions he has had with the Financial Conduct Authority (a) on the clarity of and (b) improving competition in the mortgage market.
tabling member constituency	Gloucester
tabling member printed	Richard Graham
uin	213568
answer	answer is ministerial correction date of answer 13/11/2014 answer text Treasury Ministers and officials regularly meet with a range of stakeholders to discuss mortgage policy issues, including regulators, industry representatives and consumer groups, amongst others.<p> </p><p> </p><p> </p><p>The Government is committed to ensuring fair and effective competition across all financial services markets. It has established the independent Financial Conduct Authority (FCA) and given them the responsibility, enshrined in law, to promote effective competition in the interest of consumers. The FCA has the power to create, supervise and enforce any rules it feels are needed to promote consumer protection, transparency and competition.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom grouped question UIN 213569 213585 question first answered 13/11/2014 11:20:11 answering member 4117 label Biography information for Andrea Leadsom
tabling member	3990 label Biography information for Richard Graham

114610

registered interest
date	05/11/2014
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 representations he has received about the clarity of fees and charges and ease of comparison in the mortgage market.
tabling member constituency	Gloucester
tabling member printed	Richard Graham
uin	213569
answer	answer is ministerial correction date of answer 13/11/2014 answer text Treasury Ministers and officials regularly meet with a range of stakeholders to discuss mortgage policy issues, including regulators, industry representatives and consumer groups, amongst others.<p> </p><p> </p><p> </p><p>The Government is committed to ensuring fair and effective competition across all financial services markets. It has established the independent Financial Conduct Authority (FCA) and given them the responsibility, enshrined in law, to promote effective competition in the interest of consumers. The FCA has the power to create, supervise and enforce any rules it feels are needed to promote consumer protection, transparency and competition.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom grouped question UIN 213568 213585 question first answered 13/11/2014 11:20:11 answering member 4117 label Biography information for Andrea Leadsom
tabling member	3990 label Biography information for Richard Graham

114616

registered interest
date	05/11/2014
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 discussions he has had with the mortgage industry and consumer groups about making price comparison easier for consumers.
tabling member constituency	Gloucester
tabling member printed	Richard Graham
uin	213585
answer	answer is ministerial correction date of answer 13/11/2014 answer text Treasury Ministers and officials regularly meet with a range of stakeholders to discuss mortgage policy issues, including regulators, industry representatives and consumer groups, amongst others.<p> </p><p> </p><p> </p><p>The Government is committed to ensuring fair and effective competition across all financial services markets. It has established the independent Financial Conduct Authority (FCA) and given them the responsibility, enshrined in law, to promote effective competition in the interest of consumers. The FCA has the power to create, supervise and enforce any rules it feels are needed to promote consumer protection, transparency and competition.</p><p> </p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom grouped question UIN 213568 213569 question first answered 13/11/2014 11:20:11 answering member 4117 label Biography information for Andrea Leadsom
tabling member	3990 label Biography information for Richard Graham