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708431
registered interest false remove filter
date remove filter
answering body
HM Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name CaTreasury more like this
hansard heading Investment: Complaints more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
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. more like this
tabling member constituency Stockton North remove filter
tabling member printed
Alex Cunningham more like this
uin 66530 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2017-03-09more like thismore than 2017-03-09
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> more like this
answering member constituency Brighton, Kemptown more like this
answering member printed Simon Kirby more like this
grouped question UIN 66531 more like this
question first answered
less than 2017-03-09T10:39:43.46Zmore like thismore than 2017-03-09T10:39:43.46Z
answering member
3929
label Biography information for Simon Kirby more like this
tabling member
4122
label Biography information for Alex Cunningham more like this
708432
registered interest false remove filter
date remove filter
answering body
HM Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name CaTreasury more like this
hansard heading Investment: Complaints more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
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. more like this
tabling member constituency Stockton North remove filter
tabling member printed
Alex Cunningham more like this
uin 66531 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2017-03-09more like thismore than 2017-03-09
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> more like this
answering member constituency Brighton, Kemptown more like this
answering member printed Simon Kirby more like this
grouped question UIN 66530 more like this
question first answered
less than 2017-03-09T10:39:44.133Zmore like thismore than 2017-03-09T10:39:44.133Z
answering member
3929
label Biography information for Simon Kirby more like this
tabling member
4122
label Biography information for Alex Cunningham more like this
708433
registered interest false remove filter
date remove filter
answering body
HM Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name CaTreasury more like this
hansard heading Nuisance Calls more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
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. more like this
tabling member constituency Stockton North remove filter
tabling member printed
Alex Cunningham more like this
uin 66532 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2017-03-09more like thismore than 2017-03-09
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> more like this
answering member constituency Brighton, Kemptown more like this
answering member printed Simon Kirby more like this
question first answered
less than 2017-03-09T10:41:19.193Zmore like thismore than 2017-03-09T10:41:19.193Z
answering member
3929
label Biography information for Simon Kirby more like this
tabling member
4122
label Biography information for Alex Cunningham more like this
708436
registered interest false remove filter
date remove filter
answering body
HM Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name CaTreasury more like this
hansard heading Individual Savings Accounts more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask Mr Chancellor of the Exchequer, what assessment he has made of the potential effect of the Lifetime ISA policy on the number of people opting out of auto-enrolment into pension schemes in the 12 months following its commencement in April 2017. more like this
tabling member constituency Stockton North remove filter
tabling member printed
Alex Cunningham more like this
uin 66582 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2017-03-09more like thismore than 2017-03-09
answer text <p>The Government is fully committed to automatic enrolment and has always been clear that the Lifetime ISA is a complement to pension saving, not a replacement.</p><p> </p><p>The impact assessment of the Savings (Government Contributions) Act 2017, based on the independent OBR certified costing note, is clear that we do not assume anybody opts out of their automatically enrolled pension to save into a Lifetime ISA.</p> more like this
answering member constituency Battersea more like this
answering member printed Jane Ellison more like this
question first answered
less than 2017-03-09T10:45:19.247Zmore like thismore than 2017-03-09T10:45:19.247Z
answering member
3918
label Biography information for Jane Ellison more like this
tabling member
4122
label Biography information for Alex Cunningham more like this
708437
registered interest false remove filter
date remove filter
answering body
HM Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name CaTreasury more like this
hansard heading Nuisance Calls more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
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. more like this
tabling member constituency Stockton North remove filter
tabling member printed
Alex Cunningham more like this
uin 66583 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2017-03-09more like thismore than 2017-03-09
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> more like this
answering member constituency Brighton, Kemptown more like this
answering member printed Simon Kirby more like this
question first answered
less than 2017-03-09T10:43:10.437Zmore like thismore than 2017-03-09T10:43:10.437Z
answering member
3929
label Biography information for Simon Kirby more like this
tabling member
4122
label Biography information for Alex Cunningham more like this
708438
registered interest false remove filter
date remove filter
answering body
HM Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name CaTreasury more like this
hansard heading Pensions: Misrepresentation more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
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. more like this
tabling member constituency Stockton North remove filter
tabling member printed
Alex Cunningham more like this
uin 66609 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2017-03-14more like thismore than 2017-03-14
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> more like this
answering member constituency Brighton, Kemptown more like this
answering member printed Simon Kirby more like this
question first answered
less than 2017-03-14T16:37:34.967Zmore like thismore than 2017-03-14T16:37:34.967Z
answering member
3929
label Biography information for Simon Kirby more like this
tabling member
4122
label Biography information for Alex Cunningham more like this