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227413

registered interest
date	16/03/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Pensions
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government whether they have received indications of concern from the Financial Conduct Authority about the mis-selling of annuities as a result of failure to take into account health issues; and whether they have taken into account the same risk to those converting pension balances to a lump sum.
tabling member printed	Lord Myners
uin	HL5734
answer	answer is ministerial correction date of answer 26/03/2015 answer text <p>In December 2014, the Financial Conduct Authority (FCA) published its thematic review on non-advised annuities sales. This found evidence that firms’ sales practices were contributing to consumers potentially buying the wrong annuity for their circumstances, particularly in not buying an enhanced (higher return) annuity when they may be eligible for one, for example if they have a medical condition.</p><p> </p><p> </p><p> </p><p>The FCA is asking firms that participated in the review to conduct further work to determine whether its findings in relation to enhanced annuities are indicative of a widespread problem. The FCA will then review this additional evidence, and will consider what action to take.</p><p> </p><p> </p><p> </p><p>The government’s new free and impartial pensions guidance service – Pension Wise – will encourage consumers seeking to take advantage of the new pensions freedoms to properly consider their health as part of their retirement income decision. The new pension flexibilities come into force on 6 April 2015, and the FCA has announced that, from that date, firms will have to provide retirement risk warnings to consumers at the point when they have decided they wish to take a specific action and access their defined contribution pension savings. For example, where a consumer says they would like to purchase an annuity and the provider identifies that the consumer has poor health, the provider should inform the consumer that they could be eligible for a better value annuity.</p><p> </p> answering member printed Lord Deighton question first answered 26/03/2015 13:55:04 answering member 4262 label Biography information for Lord Deighton
tabling member	3869 label Biography information for Lord Myners

227414

registered interest
date	16/03/2015
answering body	Department for Culture Media and Sport
answering dept id	10
answering dept short name	Culture, Media and Sport
answering dept sort name	Culture, Media and Sport
hansard heading	BBC Trust
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government what action the Department for Culture, Media and Sport takes to ensure that the trustees of the BBC Trust meet their time commitments and that they physically attend meetings rather than participating by telephone.
tabling member printed	Lord Myners
uin	HL5735
answer	answer is ministerial correction date of answer 25/03/2015 answer text <p>There is no requirement on Government to monitor internal BBC Trust processes such as attendance at meetings or overall time requirements on Trustees. The BBC Trust reports on Trustees' attendance in the BBC Annual Report which can be found at: <a href="http://www.bbc.co.uk/annualreport/2014/bbc-trust/inside-the-trust/governance.html" target="_blank">http://www.bbc.co.uk/annualreport/2014/bbc-trust/inside-the-trust/governance.html</a></p> answering member printed Lord Bourne of Aberystwyth question first answered 25/03/2015 15:43:47 answering member 4282 label Biography information for Lord Bourne of Aberystwyth
tabling member	3869 label Biography information for Lord Myners

225730

registered interest
date	09/03/2015
answering body	Cabinet Office
answering dept id	53
answering dept short name	Cabinet Office
answering dept sort name	Cabinet Office
hansard heading	House of Lords
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government who will determine when the House of Lords first sits after the general election.
tabling member printed	Lord Myners
uin	HL5501
answer	answer is ministerial correction date of answer 17/03/2015 answer text <p>The date on which Parliament will return will be set out in a Royal Proclamation from Her Majesty the Queen.</p><p> </p> answering member printed Baroness Stowell of Beeston question first answered 17/03/2015 16:28:45 answering member 4205 label Biography information for Baroness Stowell of Beeston
tabling member	3869 label Biography information for Lord Myners

225406

registered interest
date	05/03/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Monetary Policy
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government whether any allegations or evidence of market abuse have been brought to their attention in connection with the operation of the asset purchase scheme used to implement quantitative easing; and whether the Bank of England has investigated its own role in the administration of the scheme.
tabling member printed	Lord Myners
uin	HL5482
answer	answer is ministerial correction date of answer 18/03/2015 answer text <p>The Financial Conduct Authority (FCA) announced on 20 March 2014 that it had taken enforcement action against an individual for the manipulation of a UK government bond in the run up to a Bank of England Quantitative Easing (QE) operation on 10 October 2011.</p><p> </p><p> </p><p> </p><p>The FCA’s investigation found this was the action of one trader on one day, and there was no evidence of collusion with traders in other banks. The FCA acted following information initially referred to it by the Bank of England, demonstrating the benefits of the Bank working in close co-operation with the FCA.</p><p> </p><p> </p><p> </p><p>The Bank thoroughly reviewed its processes at the time, in addition to its ongoing monitoring and examination of QE operations.</p><p> </p><p>The Government is clear that misconduct in financial markets is unacceptable and takes all allegations of misconduct seriously. Any evidence relating to the potential manipulation of financial markets should be passed to the FCA.</p><p> </p> answering member printed Lord Deighton question first answered 18/03/2015 16:51:19 answering member 4262 label Biography information for Lord Deighton
tabling member	3869 label Biography information for Lord Myners

225407

registered interest
date	05/03/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Monetary Policy
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government what oversight they exercise of the quantitative easing programme to manage its risk under the HM Treasury Indemnity.
tabling member printed	Lord Myners
uin	HL5483
answer	answer is ministerial correction date of answer 18/03/2015 answer text <p>The UK’s monetary policy framework, set out in the Bank of England Act 1998, gives operational responsibility for monetary policy to the independent Monetary Policy Committee (MPC). The MPC makes decisions on its policy tools, including quantitative easing, in order to meet the 2% inflation target in the medium term.</p><p> </p><p> </p><p> </p><p>The framework for the Asset Purchase Facility (APF), authorising it to be used as a monetary policy tool, was set out in the exchange of letters between the then Chancellor of the Exchequer and the then Governor of the Bank of England on 29 January and 5 March 2009. The framework requires the Chancellor to authorise the ceiling on total asset purchases by the APF, given the indemnity the Treasury provides for the facility.</p><p> </p><p> </p><p> </p> answering member printed Lord Deighton question first answered 18/03/2015 17:20:04 answering member 4262 label Biography information for Lord Deighton
tabling member	3869 label Biography information for Lord Myners

224302

registered interest
date	02/03/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Stocks and Shares: Housing Associations
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government whether they have any plans to investigate the selling of derivatives by banks to housing associations.
tabling member printed	Lord Myners
uin	HL5324
answer	answer is ministerial correction date of answer 09/03/2015 answer text <p>Derivative financial products are regulated by the Financial Conduct Authority (FCA).</p><p> </p><p> </p><p> </p><p>The FCA is an independent regulator and any investigation would be a decision for the FCA. The Government does not have any involvement in when or how the FCA decides to conduct its investigations.</p><p> </p><p> </p><p> </p> answering member printed Lord Deighton question first answered 09/03/2015 17:55:54 answering member 4262 label Biography information for Lord Deighton
tabling member	3869 label Biography information for Lord Myners

224304

registered interest
date	02/03/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Government Securities
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government whether they have any plans to review the action of gilt-edged market makers in respect of securities bought under the quantitative easing programme.
tabling member printed	Lord Myners
uin	HL5326
answer	answer is ministerial correction date of answer 16/03/2015 answer text <p>The Treasury does not have any plans to review the action of gilt-edged market makers in respect of securities bought under the quantitative easing programme. Any alleged market abuse would be for the Serious Fraud Office or the Financial Conduct Authority to investigate.</p><p> </p> answering member printed Lord Deighton question first answered 16/03/2015 17:39:55 answering member 4262 label Biography information for Lord Deighton
tabling member	3869 label Biography information for Lord Myners

223746

registered interest
date	25/02/2015
answering body	Cabinet Office
answering dept id	53
answering dept short name	Cabinet Office
answering dept sort name	Cabinet Office
hansard heading	Lord Green of Hurstpierpoint
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government when Lord Green of Hurstpierpoint was appointed as an adviser to the Chancellor of the Exchequer on banking issues; when he was appointed to the Cabinet Committee on banking reform; how many meetings of that committee he attended; and when he ceased to be a member of that committee.
tabling member printed	Lord Myners
uin	HL5231
answer	answer is ministerial correction date of answer 05/03/2015 answer text <p>Lord Green was a member of the Banking Reform Committee for the period 11 January 2011 to 11 December 2013. His interest in HSBC is a matter of public record. As was the case under previous administrations, information relating to the proceedings of Cabinet Committees, including when and how often they meet and which Ministers have attended, is generally not disclosed.</p> answering member printed Lord Wallace of Saltaire grouped question UIN HL5071 question first answered 05/03/2015 16:59:18 answering member 1816 label Biography information for Lord Wallace of Saltaire
tabling member	3869 label Biography information for Lord Myners

222730

registered interest
date	23/02/2015
answering body	Cabinet Office
answering dept id	53
answering dept short name	Cabinet Office
answering dept sort name	Cabinet Office
hansard heading	Lord Green of Hurstpierpoint
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government whether Lord Green of Hurstpierpoint disclosed an interest in, and knowledge about, HSBC before he was appointed as a member of HM Treasury’s Banking Reform Committee; and when he joined and left that Committee.
tabling member printed	Lord Myners
uin	HL5071
answer	answer is ministerial correction date of answer 05/03/2015 answer text <p>Lord Green was a member of the Banking Reform Committee for the period 11 January 2011 to 11 December 2013. His interest in HSBC is a matter of public record. As was the case under previous administrations, information relating to the proceedings of Cabinet Committees, including when and how often they meet and which Ministers have attended, is generally not disclosed.</p> answering member printed Lord Wallace of Saltaire grouped question UIN HL5231 question first answered 05/03/2015 16:59:18 answering member 1816 label Biography information for Lord Wallace of Saltaire
tabling member	3869 label Biography information for Lord Myners

222731

registered interest
date	23/02/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Taxation: Domicil
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government how many taxpayers designated as non-domiciled in the United Kingdom owe that status to inheritance as a result of a parent or grandparent having been born outside the United Kingdom; and whether they have estimated the value of the United Kingdom tax forgone by that category of non-domiciled persons.
tabling member printed	Lord Myners
uin	HL5072
answer	answer is ministerial correction date of answer 04/03/2015 answer text <p>The information requested is not available.</p> answering member printed Lord Deighton question first answered 04/03/2015 14:19:35 answering member 4262 label Biography information for Lord Deighton
tabling member	3869 label Biography information for Lord Myners