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708431

registered interest
date	06/03/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Investment: Complaints
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, how many people who are certified as high net worth investors have made a complaint to the Financial Ombudsman Service about being advised to invest in a non-mainstream pooled investment in the last three years.
tabling member constituency	Stockton North
tabling member printed	Alex Cunningham
uin	66530
answer	answer is ministerial correction date of answer 09/03/2017 answer text <p>This is an operational matter for the Financial Ombudsman Service (FOS), who are operationally independent from Government. The questions have been passed to the FOS. The FOS will reply directly to Alex Cunningham MP by letter. A copy of the letter will be placed in the Library of the House.</p><p> </p> answering member constituency Brighton, Kemptown answering member printed Simon Kirby grouped question UIN 66531 question first answered 09/03/2017 10:39:43 answering member 3929 label Biography information for Simon Kirby
tabling member	4122 label Biography information for Alex Cunningham

708432

registered interest
date	06/03/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Investment: Complaints
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, how many people who have been certified by a financial adviser as sophisticated investors have made a complaint to the Financial Ombudsman Service about being advised to invest in an inappropriate non-mainstream pooled investment in the last three years.
tabling member constituency	Stockton North
tabling member printed	Alex Cunningham
uin	66531
answer	answer is ministerial correction date of answer 09/03/2017 answer text <p>This is an operational matter for the Financial Ombudsman Service (FOS), who are operationally independent from Government. The questions have been passed to the FOS. The FOS will reply directly to Alex Cunningham MP by letter. A copy of the letter will be placed in the Library of the House.</p><p> </p> answering member constituency Brighton, Kemptown answering member printed Simon Kirby grouped question UIN 66530 question first answered 09/03/2017 10:39:44 answering member 3929 label Biography information for Simon Kirby
tabling member	4122 label Biography information for Alex Cunningham

708433

registered interest
date	06/03/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Nuisance Calls
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what the timetable is for implementing the Government's proposed ban on cold calling in relation to pension scams.
tabling member constituency	Stockton North
tabling member printed	Alex Cunningham
uin	66532
answer	answer is ministerial correction date of answer 09/03/2017 answer text <p>The Government takes the issue of pension scams, and the targeting of vulnerable people through cold calls, very seriously. That is why Government is consulting on a package of measures aimed at tackling these issues. The consultation closed on 13 February, and the Government is currently reviewing responses.</p> answering member constituency Brighton, Kemptown answering member printed Simon Kirby question first answered 09/03/2017 10:41:19 answering member 3929 label Biography information for Simon Kirby
tabling member	4122 label Biography information for Alex Cunningham

708437

registered interest
date	06/03/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Nuisance Calls
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 the proposed ban on cold calling in relation to pension scams for businesses who use lead generators or third party referrals to build client lists.
tabling member constituency	Stockton North
tabling member printed	Alex Cunningham
uin	66583
answer	answer is ministerial correction date of answer 09/03/2017 answer text <p>The Government is determined to protect people from being tricked out of their life savings by fraudsters. Currently, almost 11 million pensioners are being targeted annually by cold callers.</p><p> </p><p>The proposed ban, which allows calls where an existing relationship exists or at the express request of the recipient, is intended to allow legitimate businesses to continue to operate. The Government sought evidence on potential impacts on firms as part of its consultation. The consultation closed on 13 February and the Government is reviewing responses.</p> answering member constituency Brighton, Kemptown answering member printed Simon Kirby question first answered 09/03/2017 10:43:10 answering member 3929 label Biography information for Simon Kirby
tabling member	4122 label Biography information for Alex Cunningham

708438

registered interest
date	06/03/2017
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Pensions: Misrepresentation
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 potential effect of pension freedom reforms on the (a) current and (b) future number of complaints to the Financial Ombudsman Service about retirement product mis-selling.
tabling member constituency	Stockton North
tabling member printed	Alex Cunningham
uin	66609
answer	answer is ministerial correction date of answer 14/03/2017 answer text <p>The Government has made no recent assessment of the current and future number of complaints to the Financial Ombudsman Service about retirement product mis-selling.</p><p> </p><p>In July 2016 the Financial Conduct Authority launched the Retirement Outcomes Review to look at how firms and consumers have responded to the new freedoms. This will include looking at how firms engage with their customers following the pension freedom reform, and what impact this has on consumer decision-making.</p><p> </p> answering member constituency Brighton, Kemptown answering member printed Simon Kirby question first answered 14/03/2017 16:37:34 answering member 3929 label Biography information for Simon Kirby
tabling member	4122 label Biography information for Alex Cunningham