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1133997
star this property registered interest false more like this
star this property date remove filter
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
unstar this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading London Capital and Finance: Insolvency more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, what steps his Department taking following the collapse of London Capital & Finance to ensure that mini-bond holders in Crewe and Nantwich will be properly compensated. more like this
star this property tabling member constituency Crewe and Nantwich more like this
star this property tabling member printed
Laura Smith more like this
star this property uin 268490 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2019-07-02more like thismore than 2019-07-02
star this property answer text <p>The administrators for London Capital &amp; Finance (LCF) are currently estimating recoveries for investors affected by LCF’s failure.</p><p>The Financial Services Compensation Scheme (FSCS), as the compensation scheme of last resort, can only provide compensation for claims connected with certain types of regulated activities. They are working closely with LCF’s administrators and the Financial Conduct Authority (FCA) to understand more about LCF’s activities and whether there are grounds for compensation.</p><p> </p><p>The FSCS is an independent non-governmental body. The FSCS carries out its compensation function within rules set by the Prudential Regulation Authority (PRA) and the FCA, who are also independent of Government.</p><p>If there are circumstances that give rise to potentially valid claims, the FSCS will communicate this on their website. They have invited LCF investors to register for updates on their website. More information on this can be found at https://www.fscs.org.uk/failed-firms/lcf/.</p>
star this property answering member constituency Salisbury more like this
star this property answering member printed John Glen more like this
star this property question first answered
less than 2019-07-02T14:21:12.913Zmore like thismore than 2019-07-02T14:21:12.913Z
star this property answering member
4051
star this property label Biography information for John Glen remove filter
star this property tabling member
4648
unstar this property label Biography information for Laura Smith more like this
1134089
star this property registered interest false more like this
star this property date remove filter
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
unstar this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Economic Crime Strategic Board more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, who will be attending the economic crime strategy board meeting on 10 July 2019. more like this
star this property tabling member constituency Oxford East more like this
star this property tabling member printed
Anneliese Dodds more like this
star this property uin 268540 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2019-06-27more like thismore than 2019-06-27
star this property answer text <p>The Economic Crime Strategic Board, co-chaired by the <a href="https://www.theyworkforyou.com/glossary/?gl=170" target="_blank">Chancellor</a> and the <a href="https://en.wikipedia.org/wiki/Home_Secretary" target="_blank">Home Secretary</a>, met for the first time on 14 January 2019. The Board sets priorities, directs resources and scrutinises performance against the economic crime threat. Its membership includes ministers, government officials and senior representatives from supervisory and law enforcement authorities, and the private sector.</p><p> </p><p>In its inaugural meeting, the Board commissioned the development of a shared public-private Economic Crime Plan and the development of a joint public-private economic crime threat update. The Economic Crime Plan – which will be published – will outline the public and private sectors’ collective ambition to combat economic crime and set out a series of concrete actions that both sectors will collectively undertake to enhance the <a href="https://en.wikipedia.org/wiki/UK" target="_blank">UK</a>’s economic crime response. A wide range of stakeholders from both the private sector and civil society have been consulted to inform the development of the Plan.</p><p> </p><p>The Board will meet for a second time on 10 July 2019 at which it will discuss the draft Economic Crime Plan and the economic crime threat update. The outcomes of the meeting will be published in due course.</p>
star this property answering member constituency Salisbury more like this
star this property answering member printed John Glen more like this
star this property grouped question UIN
268541 more like this
268542 more like this
star this property question first answered
less than 2019-06-27T13:07:34.153Zmore like thismore than 2019-06-27T13:07:34.153Z
star this property answering member
4051
star this property label Biography information for John Glen remove filter
star this property tabling member
4657
unstar this property label Biography information for Anneliese Dodds more like this
1134090
star this property registered interest false more like this
star this property date remove filter
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
unstar this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Economic Crime Strategic Board more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, what elements of the economic crime strategy will be discussed at the economic crime strategy board meeting on 10 July 2019. more like this
star this property tabling member constituency Oxford East more like this
star this property tabling member printed
Anneliese Dodds more like this
star this property uin 268541 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2019-06-27more like thismore than 2019-06-27
star this property answer text <p>The Economic Crime Strategic Board, co-chaired by the <a href="https://www.theyworkforyou.com/glossary/?gl=170" target="_blank">Chancellor</a> and the <a href="https://en.wikipedia.org/wiki/Home_Secretary" target="_blank">Home Secretary</a>, met for the first time on 14 January 2019. The Board sets priorities, directs resources and scrutinises performance against the economic crime threat. Its membership includes ministers, government officials and senior representatives from supervisory and law enforcement authorities, and the private sector.</p><p> </p><p>In its inaugural meeting, the Board commissioned the development of a shared public-private Economic Crime Plan and the development of a joint public-private economic crime threat update. The Economic Crime Plan – which will be published – will outline the public and private sectors’ collective ambition to combat economic crime and set out a series of concrete actions that both sectors will collectively undertake to enhance the <a href="https://en.wikipedia.org/wiki/UK" target="_blank">UK</a>’s economic crime response. A wide range of stakeholders from both the private sector and civil society have been consulted to inform the development of the Plan.</p><p> </p><p>The Board will meet for a second time on 10 July 2019 at which it will discuss the draft Economic Crime Plan and the economic crime threat update. The outcomes of the meeting will be published in due course.</p>
star this property answering member constituency Salisbury more like this
star this property answering member printed John Glen more like this
star this property grouped question UIN
268540 more like this
268542 more like this
star this property question first answered
less than 2019-06-27T13:07:34.217Zmore like thismore than 2019-06-27T13:07:34.217Z
star this property answering member
4051
star this property label Biography information for John Glen remove filter
star this property tabling member
4657
unstar this property label Biography information for Anneliese Dodds more like this
1134091
star this property registered interest false more like this
star this property date remove filter
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
unstar this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Economic Crime Strategic Board more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, whether extending the failure to prevent criminal offence for bribery to other economic crimes, such as fraud and money laundering, will be discussed at the economic crime strategy board meeting on 10 July 2019. more like this
star this property tabling member constituency Oxford East more like this
star this property tabling member printed
Anneliese Dodds more like this
star this property uin 268542 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2019-06-27more like thismore than 2019-06-27
star this property answer text <p>The Economic Crime Strategic Board, co-chaired by the <a href="https://www.theyworkforyou.com/glossary/?gl=170" target="_blank">Chancellor</a> and the <a href="https://en.wikipedia.org/wiki/Home_Secretary" target="_blank">Home Secretary</a>, met for the first time on 14 January 2019. The Board sets priorities, directs resources and scrutinises performance against the economic crime threat. Its membership includes ministers, government officials and senior representatives from supervisory and law enforcement authorities, and the private sector.</p><p> </p><p>In its inaugural meeting, the Board commissioned the development of a shared public-private Economic Crime Plan and the development of a joint public-private economic crime threat update. The Economic Crime Plan – which will be published – will outline the public and private sectors’ collective ambition to combat economic crime and set out a series of concrete actions that both sectors will collectively undertake to enhance the <a href="https://en.wikipedia.org/wiki/UK" target="_blank">UK</a>’s economic crime response. A wide range of stakeholders from both the private sector and civil society have been consulted to inform the development of the Plan.</p><p> </p><p>The Board will meet for a second time on 10 July 2019 at which it will discuss the draft Economic Crime Plan and the economic crime threat update. The outcomes of the meeting will be published in due course.</p>
star this property answering member constituency Salisbury more like this
star this property answering member printed John Glen more like this
star this property grouped question UIN
268540 more like this
268541 more like this
star this property question first answered
less than 2019-06-27T13:07:34.247Zmore like thismore than 2019-06-27T13:07:34.247Z
star this property answering member
4051
star this property label Biography information for John Glen remove filter
star this property tabling member
4657
unstar this property label Biography information for Anneliese Dodds more like this
1134106
star this property registered interest false more like this
star this property date remove filter
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
unstar this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Pensions more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, with reference to the Financial Conduct Authority survey of defined benefit pension advice published on 19 June 2019, what assessment his Department has made of the effectiveness of advice provided by the financial services industry on the potential merits of transferring out of defined benefit pension schemes. more like this
star this property tabling member constituency Blaenau Gwent more like this
star this property tabling member printed
Nick Smith more like this
star this property uin 268448 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2019-07-02more like thismore than 2019-07-02
star this property answer text <p>The Government is committed to working with the Financial Conduct Authority (FCA), the independent financial services regulator, who are responsible for ensuring that the financial advice market works well, competitively and fairly. The Government has established a strong regulatory framework to enable the FCA’s work.</p><p> </p><p>In November 2018, the FCA requested data from every firm with permission to advise on defined benefit pension transfers, which provided them with a full picture of the market from 2015. In publishing the data in June 2019, the FCA raised concerns that firms are recommending that large numbers of consumers transfer out of their defined benefit (DB) pension schemes despite the FCA’s stance that transfers are likely to be unsuitable for most clients.</p><p> </p><p>Although the data are not an assessment of the suitability of advice, they give the FCA the information they need to focus their supervision work. The FCA will be writing to all firms and started visits to the most active firms in the market, with a view to complete a full assessment of the firms’ approach to DB advice, focusing on key aspects of firms’ business models and processes which could give rise to harm. The FCA will not hesitate to use their investigatory powers where they identify evidence of misconduct which could have caused harm to consumers.</p>
star this property answering member constituency Salisbury more like this
star this property answering member printed John Glen more like this
star this property question first answered
less than 2019-07-02T14:20:00.23Zmore like thismore than 2019-07-02T14:20:00.23Z
star this property answering member
4051
star this property label Biography information for John Glen remove filter
star this property tabling member
3928
unstar this property label Biography information for Nick Smith more like this
1134219
star this property registered interest false more like this
star this property date remove filter
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
unstar this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Cash Dispensing more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, what discussions he has had with UK banks on the costs of running ATMs at their branches. more like this
star this property tabling member constituency Stirling more like this
star this property tabling member printed
Stephen Kerr more like this
star this property uin 268598 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2019-07-02more like thismore than 2019-07-02
star this property answer text The UK has over 60,000 ATMs, almost all connected to the LINK network. These ATMs are owned and operated by banks and building societies (40%), in addition to independent ATM operators (60%). According to the Access to Cash Review, of the estimated £5bn annual cost of the UK’s cash infrastructure, £1bn of this relates to the running and maintenance of ATMs.<p> </p><p>Regarding specific discussions, Treasury Ministers and Officials have meetings with a wide variety of organisations in the public and private sectors as part of the process of policy development and delivery. Details of ministerial and permanent secretary meetings with external organisations on departmental business are published on a quarterly basis and are available at: <a href="https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel" target="_blank">https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel</a>.</p> more like this
star this property answering member constituency Salisbury more like this
star this property answering member printed John Glen more like this
star this property question first answered
less than 2019-07-02T14:25:31.277Zmore like thismore than 2019-07-02T14:25:31.277Z
star this property answering member
4051
star this property label Biography information for John Glen remove filter
star this property tabling member
4604
unstar this property label Biography information for Stephen Kerr more like this
1134278
star this property registered interest false more like this
star this property date remove filter
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
unstar this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Insurance Premium Tax more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, what assessment he has made of the potential effect of exempting telematics from insurance premium tax on (a) reducing the tax burden on motorists, (b) improving road safety and (c) protecting the environment. more like this
star this property tabling member constituency St Austell and Newquay more like this
star this property tabling member printed
Steve Double more like this
star this property uin 268630 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2019-07-02more like thismore than 2019-07-02
star this property answer text <p>The government keeps all taxes under review, especially in the context of new technology. There is not clear evidence that an Insurance Premium Tax exemption for telematics-based insurance is the best way to achieve the outcomes mentioned in the question.</p><p> </p><p>The government is committed to: reducing the costs on motorists, such as freezing fuel duty for the ninth year in a row; improving road safety, such as making £100 million available from the Safer Roads Fund; and delivering on our ambitious 25 Year Environment Plan.</p> more like this
star this property answering member constituency Salisbury more like this
star this property answering member printed John Glen more like this
star this property question first answered
less than 2019-07-02T14:15:46.577Zmore like thismore than 2019-07-02T14:15:46.577Z
star this property answering member
4051
star this property label Biography information for John Glen remove filter
star this property tabling member
4452
unstar this property label Biography information for Steve Double more like this