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1542911
registered interest false more like this
date less than 2022-11-16more like thismore than 2022-11-16
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 more like this
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading Mineworkers' Pension Scheme more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will make an estimate of the average amount by which the annual pension received by remaining members of the Mineworkers’ Pension Scheme would change if the surplus sharing arrangements were revised to create a (a) 70-30, (b) 90-10 and (c) 100-zero per cent split between the scheme and the Government. more like this
tabling member constituency Linlithgow and East Falkirk more like this
tabling member printed
Martyn Day more like this
uin 88950 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2022-11-24more like thismore than 2022-11-24
answer text <p>Any surplus will depend on the returns on the Scheme’s investments - this will be assessed at the valuation in 2023. The Government has no current plans to change the surplus sharing arrangements.</p> more like this
answering member constituency Beverley and Holderness more like this
answering member printed Graham Stuart more like this
question first answered
less than 2022-11-24T17:28:44.243Zmore like thismore than 2022-11-24T17:28:44.243Z
answering member
1482
label Biography information for Graham Stuart more like this
tabling member
4488
label Biography information for Martyn Day more like this
1542912
registered interest false more like this
date less than 2022-11-16more like thismore than 2022-11-16
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 more like this
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading Mineworkers' Pension Scheme more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will make an assessment with Cabinet colleagues of the potential impact of the surplus sharing arrangements for the Mineworker’s Pension Scheme on the Government’s levelling-up agenda. more like this
tabling member constituency Linlithgow and East Falkirk more like this
tabling member printed
Martyn Day more like this
uin 88951 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2022-11-24more like thismore than 2022-11-24
answer text <p>The Scheme’s surplus-sharing arrangements mean that scheme members receive approximately 33% higher payments than they would otherwise have done. There are currently no plans for a review of the surplus-sharing arrangements. In addition, the Government guarantee ensures that pensions increase in line with RPI.</p> more like this
answering member constituency Beverley and Holderness more like this
answering member printed Graham Stuart more like this
question first answered
less than 2022-11-24T17:25:46.76Zmore like thismore than 2022-11-24T17:25:46.76Z
answering member
1482
label Biography information for Graham Stuart more like this
tabling member
4488
label Biography information for Martyn Day more like this
1542913
registered interest false more like this
date less than 2022-11-16more like thismore than 2022-11-16
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 more like this
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading Mineworkers' Pension Scheme more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will make an assessment of the potential merits of replacing the existing surplus sharing agreement with the Mineworker’s Pension Scheme with a new arrangement in which the Government would only receive a share of surpluses if it is required in future to contribute to the value of the scheme under the existing guarantee. more like this
tabling member constituency Linlithgow and East Falkirk more like this
tabling member printed
Martyn Day more like this
uin 88952 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2022-11-24more like thismore than 2022-11-24
answer text <p>The Government stated in its response to the BEIS Select Committee Report, published on 29 April 2021, which made this recommendation that it would not agree to such a change as it believes the current arrangements to be fair to Scheme members and taxpayers.</p> more like this
answering member constituency Beverley and Holderness more like this
answering member printed Graham Stuart more like this
question first answered
less than 2022-11-24T17:27:58.28Zmore like thismore than 2022-11-24T17:27:58.28Z
answering member
1482
label Biography information for Graham Stuart more like this
tabling member
4488
label Biography information for Martyn Day more like this
1542914
registered interest false more like this
date less than 2022-11-16more like thismore than 2022-11-16
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 more like this
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading Mineworkers' Pension Scheme more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will make an estimate of the number of surviving members of the Mineworkers’ Pension Scheme who have (a) injuries and (b) industrial diseases caused by working in the mining industry which affect their quality of life as of 16 November 2022. more like this
tabling member constituency Linlithgow and East Falkirk more like this
tabling member printed
Martyn Day more like this
uin 88953 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2022-11-24more like thismore than 2022-11-24
answer text <p>The Government does not hold this information.</p> more like this
answering member constituency Beverley and Holderness more like this
answering member printed Graham Stuart more like this
question first answered
less than 2022-11-24T17:29:27.003Zmore like thismore than 2022-11-24T17:29:27.003Z
answering member
1482
label Biography information for Graham Stuart more like this
tabling member
4488
label Biography information for Martyn Day more like this
1504003
registered interest false more like this
date less than 2022-09-02more like thismore than 2022-09-02
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 more like this
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading Mineworkers' Pension Scheme more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Business, Energy and Industrial Strategy, with reference to the Business, Energy and Industrial Strategy Committee’s Sixth Report of Session 2019–21, Mineworkers’ Pension Scheme, published on 29 April 2021, HC 1346, what recent assessment his Department has made of the potential merits of increasing the size of the mineworkers' pension scheme. more like this
tabling member constituency South Leicestershire more like this
tabling member printed
Alberto Costa more like this
uin 45895 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2022-09-20more like thismore than 2022-09-20
answer text <p>The Mineworkers' Pension scheme is funded through investments. The Government guarantees that pensions will be paid in the event that returns on those investments are insufficient to meet members’ benefit entitlements.</p> more like this
answering member constituency Beverley and Holderness more like this
answering member printed Graham Stuart more like this
question first answered
less than 2022-09-20T09:46:02.773Zmore like thismore than 2022-09-20T09:46:02.773Z
answering member
1482
label Biography information for Graham Stuart more like this
tabling member
4439
label Biography information for Alberto Costa more like this
1469614
registered interest false more like this
date less than 2022-06-13more like thismore than 2022-06-13
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 more like this
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading Mineworkers' Pension Scheme more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to the Answer of 30 May 2022 to Question 5668 on Mineworkers’ Pension Scheme, what steps he is taking to ensure that members of the Mineworkers’ pension scheme receive their fair entitlement of moneys from that scheme. more like this
tabling member constituency Linlithgow and East Falkirk more like this
tabling member printed
Martyn Day more like this
uin 17032 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2022-06-21more like thismore than 2022-06-21
answer text <p>I refer the hon. Member to my previous answer.</p> more like this
answering member constituency Chelsea and Fulham more like this
answering member printed Greg Hands more like this
question first answered
less than 2022-06-21T14:52:08.96Zmore like thismore than 2022-06-21T14:52:08.96Z
answering member
1526
label Biography information for Greg Hands more like this
tabling member
4488
label Biography information for Martyn Day more like this
1464697
registered interest false more like this
date less than 2022-05-20more like thismore than 2022-05-20
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 more like this
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading Mineworkers' Pension Scheme more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to the Answer of 17 May 2022 to Question 344, on Mineworkers’ Pension Scheme, if he will publish the timeframe for mineworkers receiving full entitlement to their pensions. more like this
tabling member constituency Linlithgow and East Falkirk more like this
tabling member printed
Martyn Day more like this
uin 5668 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2022-05-30more like thismore than 2022-05-30
answer text <p>Members of the Mineworkers’ Pension Scheme are already receiving their full entitlement plus bonus pensions.</p> more like this
answering member constituency Chelsea and Fulham more like this
answering member printed Greg Hands more like this
question first answered
less than 2022-05-30T11:49:36.207Zmore like thismore than 2022-05-30T11:49:36.207Z
answering member
1526
label Biography information for Greg Hands more like this
tabling member
4488
label Biography information for Martyn Day more like this
1461216
registered interest false more like this
date less than 2022-05-10more like thismore than 2022-05-10
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 more like this
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading Mineworkers' Pension Scheme more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Business, Energy and Industrial Strategy, with reference to the Government's Response to the Business, Energy and Industrial Strategy Committee’s Sixth Report of Session 2019–21, Mineworkers’ Pension Scheme, published on 29 June 2021, HC 386, What his timescale is for ensuring that Mineworker’s pensions are paid and scheme members receive their full entitlement. more like this
tabling member constituency Linlithgow and East Falkirk more like this
tabling member printed
Martyn Day more like this
uin 344 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2022-05-17more like thismore than 2022-05-17
answer text <p>The Government guarantee ensures that all members of the Mineworkers’ Pension Scheme receive their full entitlement.</p> more like this
answering member constituency Chelsea and Fulham more like this
answering member printed Greg Hands more like this
question first answered
less than 2022-05-17T08:27:07.183Zmore like thismore than 2022-05-17T08:27:07.183Z
answering member
1526
label Biography information for Greg Hands more like this
tabling member
4488
label Biography information for Martyn Day more like this
1403460
registered interest false more like this
date less than 2022-01-17more like thismore than 2022-01-17
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 more like this
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading Mineworkers' Pension Scheme more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will conduct a review into the operation of the coal miners' pension scheme and the transfer of surpluses from the pension fund to HM Treasury. more like this
tabling member constituency Lichfield more like this
tabling member printed
Michael Fabricant more like this
uin 105346 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2022-01-25more like thismore than 2022-01-25
answer text <p>The BEIS Select Committee carried out an inquiry into the Mineworkers Pension Scheme last year. The Government was unable to accept the conclusions and recommendations of the Committee’s report and continues to believe that the existing arrangements work well for all parties. Following the publication of the report, the former Minister of State for Energy, Clean Growth and Climate Change, the Rt Hon Anne-Marie Trevelyan, met the MPS Trustees on 21 June to discuss the report and options for the way forward. She asked the Trustees to consider whether they would be willing to include the Government Guarantee in any future discussions around surplus sharing and the Investment Reserve. The Government awaits their response.</p> more like this
answering member constituency Chelsea and Fulham more like this
answering member printed Greg Hands more like this
question first answered
less than 2022-01-25T17:20:30.567Zmore like thismore than 2022-01-25T17:20:30.567Z
answering member
1526
label Biography information for Greg Hands more like this
tabling member
280
label Biography information for Michael Fabricant more like this
1401686
registered interest false more like this
date less than 2022-01-11more like thismore than 2022-01-11
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 more like this
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading Mineworkers' Pension Scheme more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will make a further assessment of the potential merits of the recommendations of the Business, Energy and Industrial Strategy Select Committee's report on the Mineworkers' Pension Scheme, published on 27 April 2021. more like this
tabling member constituency Blaenau Gwent more like this
tabling member printed
Nick Smith more like this
uin 904936 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2022-01-11more like thismore than 2022-01-11
answer text <p>In the Government response to the Select Committee inquiry into the Scheme we highlighted we continue to believe the arrangements agreed in 1994 with the Scheme Trustees still work well and are fair and beneficial to both Scheme members and taxpayers.</p> more like this
answering member constituency Sutton and Cheam more like this
answering member printed Paul Scully more like this
question first answered
less than 2022-01-11T13:19:12.85Zmore like thismore than 2022-01-11T13:19:12.85Z
answering member
4414
label Biography information for Paul Scully more like this
tabling member
3928
label Biography information for Nick Smith more like this