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1129980

registered interest
date	05/06/2019
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Mineworkers' Pension Scheme
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will review the mineworkers’ pension scheme surplus-sharing arrangements between Government and scheme beneficiaries.
tabling member constituency	Bishop Auckland
tabling member printed	Helen Goodman
uin	260580
answer	answer is ministerial correction date of answer 11/06/2019 answer text <p>The Government does not intend to review the surplus sharing arrangements which have worked well for all parties. However, the Government is considering proposals from the Trustees for changes including greater protection of bonuses that have already accrued.</p> answering member constituency Pendle answering member printed Andrew Stephenson question first answered 11/06/2019 15:49:31 answering member 4044 label Biography information for Andrew Stephenson previous answer version 121642 answering member constituency Pendle answering member printed Andrew Stephenson answering member 4044 label Biography information for Andrew Stephenson
tabling member	1484 label Biography information for Helen Goodman

1129981

registered interest
date	05/06/2019
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Mineworkers' Pension Scheme
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps his Department is taking to reform the mineworkers’ pension scheme in line with the 1993 actuarial review.
tabling member constituency	Bishop Auckland
tabling member printed	Helen Goodman
uin	260581
answer	answer is ministerial correction date of answer 11/06/2019 answer text <p>There are no current plans to review the existing arrangements, agreed between the Government and the Trustees in 1994, on the basis of the 1993 review. The scheme has been working well for all parties. The Government is considering proposals from the Trustees for changes including greater protection of bonuses that have already accrued.</p> answering member constituency Pendle answering member printed Andrew Stephenson question first answered 11/06/2019 15:49:38 answering member 4044 label Biography information for Andrew Stephenson previous answer version 121643 answering member constituency Pendle answering member printed Andrew Stephenson answering member 4044 label Biography information for Andrew Stephenson
tabling member	1484 label Biography information for Helen Goodman

1126005

registered interest
date	13/05/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Mineworkers' Pension Scheme
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, when he plans to respond to the open letter of 11 April 2019 on the Mineworkers' Pension Scheme ;and if he will meet with the signatories of that letter.
tabling member constituency	Blaenau Gwent
tabling member printed	Nick Smith
uin	253552
answer	answer is ministerial correction date of answer 15/05/2019 answer text <p>I have responded to the letter dated 11 April 2019 as the Minister responsible for the scheme. Discussions with the Trustees of the Scheme are ongoing about possible changes that would benefit all parties.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 15/05/2019 16:09:31 answering member 4097 label Biography information for Elizabeth Truss
tabling member	3928 label Biography information for Nick Smith

1126186

registered interest
date	13/05/2019
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Mineworkers' Pension Scheme
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, how much funding the Government contributed to the Mineworkers' Pension Scheme prior to the privatisation of the scheme in 1994; when this money was paid in; and for what reason.
tabling member constituency	Ashfield
tabling member printed	Gloria De Piero
uin	253540
answer	answer is ministerial correction date of answer 16/05/2019 answer text <p>The Government’s involvement in the Scheme began at privatisation. Until that point, the scheme was funded by member contributions and British Coal contributions. British Coal’s share of the surplus immediately prior to privatisation was allocated to the Scheme as the Investment Reserve, available to make good any deficit which should arise in the fund.</p> answering member constituency Pendle answering member printed Andrew Stephenson question first answered 16/05/2019 08:10:56 answering member 4044 label Biography information for Andrew Stephenson
tabling member	3915 label Biography information for Gloria De Piero

1064385

registered interest
date	20/02/2019
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Mineworkers' Pension Scheme
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what information his Department holds on how any surplus taken by the Government from the Mineworkers' Pension Scheme since 2010 has been used by his Department.
tabling member constituency	Barnsley East
tabling member printed	Stephanie Peacock
uin	223910
answer	answer is ministerial correction date of answer 27/02/2019 answer text <p>Surplus payments from the Mineworkers Pension Scheme are paid into the Exchequer, which forms part of wider Government expenditure.</p><p> </p><p>The Government guarantee has enabled an investment strategy that has resulted in scheme members receiving payments 33% higher than they would have been if they received only their actual earned pension up to privatisation.</p> answering member constituency Devizes answering member printed Claire Perry grouped question UIN 223911 question first answered 27/02/2019 13:27:58 answering member 3974 label Biography information for Claire Perry
tabling member	4607 label Biography information for Stephanie Peacock

1064386

registered interest
date	20/02/2019
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Mineworkers' Pension Scheme
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, how any surplus taken by the Government from the Mineworkers' Pension Scheme since 2010 has been spent.
tabling member constituency	Barnsley East
tabling member printed	Stephanie Peacock
uin	223911
answer	answer is ministerial correction date of answer 27/02/2019 answer text <p>Surplus payments from the Mineworkers Pension Scheme are paid into the Exchequer, which forms part of wider Government expenditure.</p><p> </p><p>The Government guarantee has enabled an investment strategy that has resulted in scheme members receiving payments 33% higher than they would have been if they received only their actual earned pension up to privatisation.</p> answering member constituency Devizes answering member printed Claire Perry grouped question UIN 223910 question first answered 27/02/2019 13:27:58 answering member 3974 label Biography information for Claire Perry
tabling member	4607 label Biography information for Stephanie Peacock

1048033

registered interest
date	25/01/2019
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Mineworkers' Pension Scheme
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what meetings he has had with trustees of the mineworkers' pension scheme in the last two years.
tabling member constituency	Barnsley East
tabling member printed	Stephanie Peacock
uin	212661
answer	answer is ministerial correction date of answer 31/01/2019 answer text <p>I met the Trustees of the Mineworkers’ Pension Scheme in June 2018 and our dialogue on potential scheme improvements continues. BEIS officials continue to meet the Trustees on a regular basis.</p> answering member constituency Devizes answering member printed Claire Perry question first answered 31/01/2019 16:06:28 answering member 3974 label Biography information for Claire Perry
tabling member	4607 label Biography information for Stephanie Peacock

1005842

registered interest
date	12/11/2018
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Mineworkers' Pension Scheme
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, how much money the Government has received from the Mineworkers' Pension Scheme (a) since 1994 and (b) in each of the last three financial years for which data is available.
tabling member constituency	Ashfield
tabling member printed	Gloria De Piero
uin	190420
answer	answer is ministerial correction date of answer 15/11/2018 answer text <p>Since 1994, the Government has received £4,438.1m from the Mineworkers’ Pension Scheme. £3,127m of that is the Guarantor’s share of surpluses and £1,310.2m has been returned from the Investment Reserve. Receipts in each of the last three years were:</p><p> </p><p>2016/7: £51m</p><p>2017/8: £51m</p><p>2018/9: £617.2m (£475m of which is from the Investment Reserve)</p><p> </p><p>The Government guarantee has enabled an investment strategy that has resulted in scheme members receiving payments 33% higher than they would have been if they received only their actual earned pension up to privatisation.</p> answering member constituency Devizes answering member printed Claire Perry question first answered 15/11/2018 16:38:30 answering member 3974 label Biography information for Claire Perry
tabling member	3915 label Biography information for Gloria De Piero

1005843

registered interest
date	12/11/2018
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Mineworkers' Pension Scheme
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, whether the Government has made direct payments to the Mineworkers' Pension Scheme under the guarantee arrangements.
tabling member constituency	Ashfield
tabling member printed	Gloria De Piero
uin	190421
answer	answer is ministerial correction date of answer 15/11/2018 answer text <p>No payments have been required to date.</p> answering member constituency Devizes answering member printed Claire Perry question first answered 15/11/2018 16:38:36 answering member 3974 label Biography information for Claire Perry
tabling member	3915 label Biography information for Gloria De Piero

1005844

registered interest
date	12/11/2018
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Mineworkers' Pension Scheme
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what sums are held in the investment reserve fund for the Mineworkers' Pension Scheme.
tabling member constituency	Ashfield
tabling member printed	Gloria De Piero
uin	190422
answer	answer is ministerial correction date of answer 15/11/2018 answer text <p>At the valuation date, 30 September 2017, the assets of the Investment Reserve were £1,488m. Since then, a payment of £475m has been made to the Guarantor. The Government Actuary decided that this payment should be made, noting that the remaining buffer is likely to continue to provide significant protection.</p> answering member constituency Devizes answering member printed Claire Perry question first answered 15/11/2018 16:38:48 answering member 3974 label Biography information for Claire Perry
tabling member	3915 label Biography information for Gloria De Piero