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1130880

registered interest
date	10/06/2019
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 steps his Department is taking to ensure that (a) investment choices available to workplace pension customers are regularly reviewed by Independent Governance Committees and (b) those investment choices are aligned with the interests of customers.
tabling member constituency	Wallasey
tabling member printed	Ms Angela Eagle
uin	262255
answer	answer is ministerial correction date of answer 13/06/2019 answer text <p>The Financial Conduct Authority (FCA) introduced rules in 2015 to require contract-based pension providers to set up independent governance committees (IGCs) to address poor consumer outcomes.</p><p>IGCs have a duty to scrutinise the value for money of the provider’s workplace personal pension schemes, taking into account transaction costs, raising concerns and making recommendations to the provider’s board as appropriate. IGCs have a duty to assess whether all the investment choices available, including default options, are suitable for the interests of consumers.</p><p>In 2016, the FCA reviewed IGCs and found that they were “generally effective” in influencing and advancing cost reductions for members. The review also found that the Independent Project Board’s work in auditing high legacy charges and implementing IGCs had been successful. As a result, a substantial majority of consumers received improved outcomes regarding costs and charges, with 1m consumers receiving reduced costs and charges.</p><p>The FCA has announced that it will undertake a further review of IGCs in 2019/20.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 262256 262257 question first answered 13/06/2019 13:34:39 answering member 4051 label Biography information for John Glen
tabling member	491 label Biography information for Dame Angela Eagle

1130881

registered interest
date	10/06/2019
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, if he will make it his policy that Independent Governance Committees attached to contract-based workplace pensions have a duty to monitor the suitability of the retail fund choices available to scheme members.
tabling member constituency	Wallasey
tabling member printed	Ms Angela Eagle
uin	262256
answer	answer is ministerial correction date of answer 13/06/2019 answer text <p>The Financial Conduct Authority (FCA) introduced rules in 2015 to require contract-based pension providers to set up independent governance committees (IGCs) to address poor consumer outcomes.</p><p>IGCs have a duty to scrutinise the value for money of the provider’s workplace personal pension schemes, taking into account transaction costs, raising concerns and making recommendations to the provider’s board as appropriate. IGCs have a duty to assess whether all the investment choices available, including default options, are suitable for the interests of consumers.</p><p>In 2016, the FCA reviewed IGCs and found that they were “generally effective” in influencing and advancing cost reductions for members. The review also found that the Independent Project Board’s work in auditing high legacy charges and implementing IGCs had been successful. As a result, a substantial majority of consumers received improved outcomes regarding costs and charges, with 1m consumers receiving reduced costs and charges.</p><p>The FCA has announced that it will undertake a further review of IGCs in 2019/20.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 262255 262257 question first answered 13/06/2019 13:34:39 answering member 4051 label Biography information for John Glen
tabling member	491 label Biography information for Dame Angela Eagle

1130882

registered interest
date	10/06/2019
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 assessment his Department has made of the adequacy of scrutiny by Independent Governance Committees of the retail funds offered within workplace pensions products.
tabling member constituency	Wallasey
tabling member printed	Ms Angela Eagle
uin	262257
answer	answer is ministerial correction date of answer 13/06/2019 answer text <p>The Financial Conduct Authority (FCA) introduced rules in 2015 to require contract-based pension providers to set up independent governance committees (IGCs) to address poor consumer outcomes.</p><p>IGCs have a duty to scrutinise the value for money of the provider’s workplace personal pension schemes, taking into account transaction costs, raising concerns and making recommendations to the provider’s board as appropriate. IGCs have a duty to assess whether all the investment choices available, including default options, are suitable for the interests of consumers.</p><p>In 2016, the FCA reviewed IGCs and found that they were “generally effective” in influencing and advancing cost reductions for members. The review also found that the Independent Project Board’s work in auditing high legacy charges and implementing IGCs had been successful. As a result, a substantial majority of consumers received improved outcomes regarding costs and charges, with 1m consumers receiving reduced costs and charges.</p><p>The FCA has announced that it will undertake a further review of IGCs in 2019/20.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 262255 262256 question first answered 13/06/2019 13:34:40 answering member 4051 label Biography information for John Glen
tabling member	491 label Biography information for Dame Angela Eagle

1130883

registered interest
date	10/06/2019
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, if his Department will make an assessment of the potential conflict of interests in the business model of vertically integrated companies offering retail investment platforms, asset management and workplace pensions products.
tabling member constituency	Wallasey
tabling member printed	Ms Angela Eagle
uin	262258
answer	answer is ministerial correction date of answer 13/06/2019 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 Member 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 13/06/2019 13:30:26 answering member 4051 label Biography information for John Glen
tabling member	491 label Biography information for Dame Angela Eagle

1130934

registered interest
date	10/06/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Child Benefit
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what processes his Department uses with further education institutions to verify a child's full-time attendance in education in relation to the eligibility for child benefit payments.
tabling member constituency	Birmingham, Ladywood
tabling member printed	Shabana Mahmood
uin	262339
answer	answer is ministerial correction date of answer 13/06/2019 answer text <p>HMRC does not approach education institutions to verify information regarding eligibility for child benefit payments. The claimant is required to provide all the information necessary to support their claim. Details on how to claim can be found on <a href="https://www.gov.uk/child-benefit/how-to-claim" target="_blank">GOV.UK</a></p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 13/06/2019 15:41:38 answering member 4097 label Biography information for Elizabeth Truss
tabling member	3914 label Biography information for Shabana Mahmood

1130980

registered interest
date	10/06/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Personal Income: Kingston upon Hull North
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how many people in Hull North have annual incomes of £80,000 or more.
tabling member constituency	Kingston upon Hull North
tabling member printed	Diana Johnson
uin	262305
answer	answer is ministerial correction date of answer 13/06/2019 answer text <p>The information requested is not available from HMRC’s statistical source (Survey of Personal Incomes) due to an insufficient sample size for this group of taxpayers, and could be provided only at disproportionate cost from administrative databases.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 13/06/2019 14:50:26 answering member 3991 label Biography information for Jesse Norman
tabling member	1533 label Biography information for Dame Diana Johnson

1130986

registered interest
date	10/06/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Taxation
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how many people in (a) St Helens borough, (b) Liverpool City Region, (c) the North West and (d) the UK paid tax in the tax bands (i) up to £8,632, (ii) £8,632 to £12,500, (iii) £12,500 to £50,000, (iii) £50,000 to £100,000 and (iv) above £100,000 in the most recent period for which information is available.
tabling member constituency	St Helens North
tabling member printed	Conor McGinn
uin	262410
answer	answer is ministerial correction date of answer 13/06/2019 answer text <p>Estimates of the number of tax paying individuals in the areas requested are provided in the attached table.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 13/06/2019 14:58:48 answering member 3991 label Biography information for Jesse Norman attachment 1 file name Table attachment for Conor McGinn PQ.docx title Table relating to PQ UIN 262410
tabling member	4458 label Biography information for Conor McGinn

1131004

registered interest
date	10/06/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Insurance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what steps he is taking to ensure that insurance companies do not unfairly discriminate against consumers with (a) historical and (b) current mental health conditions.
tabling member constituency	Livingston
tabling member printed	Hannah Bardell
uin	262447
answer	answer is ministerial correction date of answer 13/06/2019 answer text <p>The Government is determined that all insurers should treat customers fairly and firms are required to do so under the Financial Conduct Authority’s (FCA) rules.</p><p> </p><p>The FCA has placed access and vulnerability at the core of the its Mission and Business Plan. For example, it is currently exploring options for signposting consumers with pre-existing and historic medical conditions, such as mental health conditions, to specialist travel insurance providers so that these consumers are better able to access suitable insurance.</p> answering member constituency Salisbury answering member printed John Glen question first answered 13/06/2019 13:27:04 answering member 4051 label Biography information for John Glen
tabling member	4486 label Biography information for Hannah Bardell

1131006

registered interest
date	10/06/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Ford Motor Company: Bridgend
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will make it his policy to issue a waiver for the tax due on redundancy payments to be received by Ford Bridgend workers.
tabling member constituency	Bridgend
tabling member printed	Mrs Madeleine Moon
uin	262300
answer	answer is ministerial correction date of answer 13/06/2019 answer text <p>The Government confirmed in Finance (No. 2) Act 2017 that the first £30,000 of all termination payments remain exempt from income tax. The UK has one of the most generous tax exemptions for termination payments in the OECD, and around 80% of the termination awards made each year will remain completely free from income tax.</p><p>HM Revenue and Customs does not have the data available to make an estimate on the cost of reducing tax from redundancy payments for Ford, Bridgend.</p><p> </p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 262302 question first answered 13/06/2019 14:50:17 answering member 3991 label Biography information for Jesse Norman
tabling member	1490 label Biography information for Mrs Madeleine Moon

1131009

registered interest
date	10/06/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Ford Motor Company: Bridgend
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what estimate he has made of the value of reducing tax deductions from redundancy payments to workers at Ford Bridgend; and if he will make a statement.
tabling member constituency	Bridgend
tabling member printed	Mrs Madeleine Moon
uin	262302
answer	answer is ministerial correction date of answer 13/06/2019 answer text <p>The Government confirmed in Finance (No. 2) Act 2017 that the first £30,000 of all termination payments remain exempt from income tax. The UK has one of the most generous tax exemptions for termination payments in the OECD, and around 80% of the termination awards made each year will remain completely free from income tax.</p><p>HM Revenue and Customs does not have the data available to make an estimate on the cost of reducing tax from redundancy payments for Ford, Bridgend.</p><p> </p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 262300 question first answered 13/06/2019 14:50:17 answering member 3991 label Biography information for Jesse Norman
tabling member	1490 label Biography information for Mrs Madeleine Moon