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994586

registered interest
date	25/10/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Annuities
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will bring forward legislative proposals to amend the trivial commutation and small pots rules to enable more people to access their annuities as a lump sum.
tabling member constituency	Blaenau Gwent
tabling member printed	Nick Smith
uin	183913
answer	answer is ministerial correction date of answer 31/10/2018 answer text <p>The small pots and trivial commutation rules are permissive sets of tax rules which pre-date the pension freedoms reforms introduced in 2015. The rules may allow an individual to access their pension as a lump sum if they are at least 55 years old, or retiring at an earlier age because of ill-health, and the value of the payment does not exceed £10,000 for small pots, or £30,000 for trivial commutation. The rules limit what arrangements can be accessed in this way.</p><p> </p><p>As the regulations are permissive, there is no obligation on providers to offer small pot lump sums to consumers. The Government has no plans at present to amend existing legislation to require insurers to commute annuities in payment.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 183914 question first answered 31/10/2018 10:39:56 answering member 4051 label Biography information for John Glen
tabling member	3928 label Biography information for Nick Smith

33663

registered interest
date	16/01/2014
answering body	Ministry of Justice
answering dept id	54
answering dept short name
answering dept sort name
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Justice, what his Department's 10 largest contracts let since the financial year 2010-11 are; what savings have been made in such contracts; what the level of overspend or underspend was in each such contract; and what steps his Department has taken to monitor the performance of each supplier of such contract following the contract award.
tabling member constituency	Nottingham East
tabling member printed	Chris Leslie
uin	183913
answer	answer is ministerial correction date of answer 07/04/2014 answer text <p> </p><p> </p><p>The Ministry of Justice has taken a number of steps to improve commercial capability across the department. We regularly review suppliers' performance against key performance indicators and have recently embarked on a programme aimed at introducing a more robust approach to contract management, to ensure that contracts deliver best possible value for the taxpayer.</p><p> </p><p>The table below features the ten largest contracts let by the Ministry of Justice since the financial year 2010/11, and provides details of savings and of any under- or overspend in each financial year.</p> answering member constituency Kenilworth and Southam answering member printed Jeremy Wright question first answered 07/04/2014 12:00:00 answering member 1560 label Biography information for Sir Jeremy Wright attachment 1 file name 183913.doc title Table 1
tabling member	422 label Biography information for Mr Chris Leslie