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390585

registered interest
date	16/07/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Pensions: Advisory Services
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government when they plan to publish information on the uptake and effectiveness of Pension Wise.
tabling member printed	Lord Bradley
uin	HL1525
answer	answer is ministerial correction date of answer 30/07/2015 answer text <p>Since its launch in April, Pension Wise has helped nearly 950,000 people understand their options and make informed choices about what to do with their retirement savings. Nearly 18,000 free guidance appointments over the phone and face to face are being delivered and more than 925,000 people have used the Pension Wise website, with many people returning to the site regularly.</p><p> </p><p> </p><p> </p><p>The government is closely monitoring the operation and effectiveness of the Pension Wise service. This ongoing monitoring is part of a wider programme of evaluation that the government is undertaking to ensure that Pension Wise is working effectively, delivers value for money, and meets consumer needs.</p><p> </p> answering member printed Lord O'Neill of Gatley question first answered 30/07/2015 15:32:54 answering member 4536 label Biography information for Lord O'Neill of Gatley
tabling member	452 label Biography information for Lord Bradley

389476

registered interest
date	13/07/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Monetary Policy
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 quantitative easing programme on (a) bank lending generally and (b) M4 lending.
tabling member constituency	Ross, Skye and Lochaber
tabling member printed	Ian Blackford
uin	6776
answer	answer is ministerial correction date of answer 30/07/2015 answer text <p><strong>The UK’s monetary policy framework, set out in the Bank of England Act 1998, gives operational responsibility for monetary policy to the independent Monetary Policy Committee (MPC).</strong></p><p> </p><p> </p><p> </p><p><strong>The MPC’s macroeconomic policy tools, including quantitative easing, are designed to affect the economy as a whole, in order to meet the 2 per cent inflation target over the medium term.</strong></p><p> </p><p> </p><p> </p><p><strong>The Bank of England’s paper, “The United Kingdom’s quantitative easing policy: design, operation and impact”, published in 2011, notes that, “Asset purchases may also have a stimulatory impact…by influencing bank lending, though this channel would not be expected to be material during times of financial crisis.”</strong></p><p> </p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 30/07/2015 10:23:02 answering member 4107 label Biography information for Dame Harriett Baldwin
tabling member	4390 label Biography information for Ian Blackford