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1692464

	registered interest
	date	28/02/2024
	answering body	Cabinet Office
	answering dept id	53
	answering dept short name	Cabinet Office
	answering dept sort name	Cabinet Office
	hansard heading	Blood: Contamination
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Minister for the Cabinet Office, if he will make an estimate of how many people would be eligible for compensation under the terms of the recommendations of the second interim report of Infected Blood Inquiry, published on 5 April 2023, in Glenrothes constituency.
	tabling member constituency	Glenrothes
	tabling member printed	Peter Grant
	uin	16156
	answer	answer is ministerial correction date of answer 04/03/2024 answer text <p>The Statistical Expert Group, established by the Infected Blood Inquiry, has provided valuable insight into the numbers of infections from blood and blood products in the UK between 1970 and 1991 and subsequent survival rates. Since October 2022, the Government has paid over £400 million in interim compensation payments to those infected or bereaved partners registered with the UK Infected Blood Support Schemes, totalling over 4,000 individuals. However, the requested information is not available by Parliamentary constituency. There is also considerable uncertainty over the number of people, especially those affected, who might be eligible under Sir Brian Langstaff’s recommendations. Therefore I am not able to provide a substantive response to the Honourable Member’s questions on his constituency.</p><p> </p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 16157 question first answered 04/03/2024 16:33:31 answering member 4051 label Biography information for John Glen
	tabling member	4466 label Biography information for Peter Grant

1692465

	registered interest
	date	28/02/2024
	answering body	Cabinet Office
	answering dept id	53
	answering dept short name	Cabinet Office
	answering dept sort name	Cabinet Office
	hansard heading	Blood: Contamination
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Minister for the Cabinet Office, how many people have received interim compensation payments as a result of (a) their infection and (b) their family member’s infection resulting from contaminated blood or blood products in Glenrothes constituency.
	tabling member constituency	Glenrothes
	tabling member printed	Peter Grant
	uin	16157
	answer	answer is ministerial correction date of answer 04/03/2024 answer text <p>The Statistical Expert Group, established by the Infected Blood Inquiry, has provided valuable insight into the numbers of infections from blood and blood products in the UK between 1970 and 1991 and subsequent survival rates. Since October 2022, the Government has paid over £400 million in interim compensation payments to those infected or bereaved partners registered with the UK Infected Blood Support Schemes, totalling over 4,000 individuals. However, the requested information is not available by Parliamentary constituency. There is also considerable uncertainty over the number of people, especially those affected, who might be eligible under Sir Brian Langstaff’s recommendations. Therefore I am not able to provide a substantive response to the Honourable Member’s questions on his constituency.</p><p> </p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 16156 question first answered 04/03/2024 16:33:31 answering member 4051 label Biography information for John Glen
	tabling member	4466 label Biography information for Peter Grant

1418441

	registered interest
	date	31/01/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Pensions
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, with reference to the Office of Tax Simplification's publication of May 2018 entitled Savings income: routes to simplification, whether he has made a recent assessment of the potential merits of its recommendations on (a) reviewing guidance relating to pension withdrawals and (b) the use of the emergency take code for personal pension lump sum withdrawals.
	tabling member constituency	Glenrothes
	tabling member printed	Peter Grant
	uin	114796
	answer	answer is ministerial correction date of answer 03/02/2022 answer text <p>The Government ensures that all savers have access to free, impartial guidance as they approach retirement age through MoneyHelper, provided by the Money and Pension Service (MaPS). MoneyHelper Pensions provides guidance on all areas of UK pensions to the public regardless of age. Information relating to the tax implications of pension withdrawals is available on the MoneyHelper website, and is covered in Pension Wise appointments.</p><p> </p>The use of PAYE for those who access pensions flexibly operates as expected for many individuals. Where tax is overpaid tax because of an emergency tax code, individuals can contact HMRC and will be repaid within 30 days. Moreover, anyone who does not contact HMRC will be automatically repaid following the end of the tax year. This approach helps to minimise the number of unexpected tax bills for those who access their pension savings flexibly. answering member constituency Salisbury answering member printed John Glen question first answered 03/02/2022 09:23:52 answering member 4051 label Biography information for John Glen
	tabling member	4466 label Biography information for Peter Grant

1304823

	registered interest
	date	22/03/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Pensions: Uprating
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of (a) maintaining RPI beyond 2030 and (b) putting in place mitigating measures to ensure that defined benefits pensions are not reduced.
	tabling member constituency	Glenrothes
	tabling member printed	Peter Grant
	uin	173082
	answer	answer is ministerial correction date of answer 25/03/2021 answer text <p>On 25 November 2020, the Government and UK Statistics Authority (UKSA) published their response to the consultation on the timing of reform to the Retail Prices Index (RPI). Owing to shortcomings in its calculation, UKSA intends to bring the methods and data sources of the Consumer Prices Index including owner occupiers’ housing costs (CPIH) into RPI.</p><p> </p><p>The Government and UKSA are mindful of the widespread use of RPI in the economy, and, as such, sought views in the consultation on the broader impacts of reform. The Government and UKSA received approximately 550 responses from members of defined benefit (DB) pension schemes whose benefits are linked to RPI.</p><p> </p><p>It is apparent that some DB pension schemes members will be affected by UKSA’s reform. The effect of reform on the members of such schemes will depend on whether their benefits are linked to RPI under the trust deed and rules of the scheme.</p><p> </p><p>The announcement in the response by the Chancellor and UKSA Chair means that reform will not be implemented before 2030. The Government keeps the occupational pensions system under review and will continue to do so.</p><p> </p><p>For further information please see the consultation response at: <a href="https://www.gov.uk/government/consultations/a-consultation-on-the-reform-to-retail-prices-index-rpi-methodology" target="_blank">https://www.gov.uk/government/consultations/a-consultation-on-the-reform-to-retail-prices-index-rpi-methodology</a>.</p> answering member constituency Salisbury answering member printed John Glen question first answered 25/03/2021 07:51:20 answering member 4051 label Biography information for John Glen
	tabling member	4466 label Biography information for Peter Grant

1293678

	registered interest
	date	01/03/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Blackmore Bond: Insolvency
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what assessment he has made of the adequacy of protection for investors since the collapse of Blackmore Bond plc.
	tabling member constituency	Glenrothes
	tabling member printed	Peter Grant
	uin	160731
	answer	answer is ministerial correction date of answer 04/03/2021 answer text <p>The Government is aware of the failure of Blackmore Bond plc and the latest report submitted by the Joint Administrators in December. Blackmore Bond plc issued non-transferable debt securities (sometimes known as mini-bonds). It is not a regulated activity for firms to issue their own non-transferable debt securities. However, in the UK, responsibility for regulating the promotion and marketing of mini-bonds lies with the Financial Conduct Authority (FCA).</p><p> </p><p>On 1 January 2021 the FCA made permanent rules banning the promotion of high risk ‘speculative illiquid securities’ (including some mini-bonds) to ordinary retail consumers. These rules were introduced in response to the failure of London Capital &amp; Finance and concerns about the suitability of speculative illiquid securities for retail investors. This ban prevents future companies like Blackmore Bond plc marketing their products to retail investors. The Treasury is currently undertaking a review into the regulatory framework for mini-bonds and will launch a consultation later this year on the regulation of non-transferable debt securities.</p><p> </p><p>In view of the FCA’s role as an independent non-governmental body it would not be appropriate for Government to comment on the FCA’s handling of Blackmore Bond plc. Investors who have concerns about the FCA’s handling of the failure of Blackmore Bond plc can make a complaint using the FCA Complaints Scheme.</p><p> </p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 160732 160734 question first answered 04/03/2021 10:25:59 answering member 4051 label Biography information for John Glen
	tabling member	4466 label Biography information for Peter Grant

1293679

	registered interest
	date	01/03/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Blackmore Bond
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what steps the Government plans to take in response to the statutory report submitted by the Joint Administrators of Blackmore Bond plc.
	tabling member constituency	Glenrothes
	tabling member printed	Peter Grant
	uin	160732
	answer	answer is ministerial correction date of answer 04/03/2021 answer text <p>The Government is aware of the failure of Blackmore Bond plc and the latest report submitted by the Joint Administrators in December. Blackmore Bond plc issued non-transferable debt securities (sometimes known as mini-bonds). It is not a regulated activity for firms to issue their own non-transferable debt securities. However, in the UK, responsibility for regulating the promotion and marketing of mini-bonds lies with the Financial Conduct Authority (FCA).</p><p> </p><p>On 1 January 2021 the FCA made permanent rules banning the promotion of high risk ‘speculative illiquid securities’ (including some mini-bonds) to ordinary retail consumers. These rules were introduced in response to the failure of London Capital &amp; Finance and concerns about the suitability of speculative illiquid securities for retail investors. This ban prevents future companies like Blackmore Bond plc marketing their products to retail investors. The Treasury is currently undertaking a review into the regulatory framework for mini-bonds and will launch a consultation later this year on the regulation of non-transferable debt securities.</p><p> </p><p>In view of the FCA’s role as an independent non-governmental body it would not be appropriate for Government to comment on the FCA’s handling of Blackmore Bond plc. Investors who have concerns about the FCA’s handling of the failure of Blackmore Bond plc can make a complaint using the FCA Complaints Scheme.</p><p> </p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 160731 160734 question first answered 04/03/2021 10:25:59 answering member 4051 label Biography information for John Glen
	tabling member	4466 label Biography information for Peter Grant

1293682

	registered interest
	date	01/03/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Blackmore Bond: Insolvency
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what assessment he has made of the adequacy of the Financial Conduct Authority’s response to concerns raised in 2017 on the sales practices being used by Blackmore Bond plc and its representatives.
	tabling member constituency	Glenrothes
	tabling member printed	Peter Grant
	uin	160734
	answer	answer is ministerial correction date of answer 04/03/2021 answer text <p>The Government is aware of the failure of Blackmore Bond plc and the latest report submitted by the Joint Administrators in December. Blackmore Bond plc issued non-transferable debt securities (sometimes known as mini-bonds). It is not a regulated activity for firms to issue their own non-transferable debt securities. However, in the UK, responsibility for regulating the promotion and marketing of mini-bonds lies with the Financial Conduct Authority (FCA).</p><p> </p><p>On 1 January 2021 the FCA made permanent rules banning the promotion of high risk ‘speculative illiquid securities’ (including some mini-bonds) to ordinary retail consumers. These rules were introduced in response to the failure of London Capital &amp; Finance and concerns about the suitability of speculative illiquid securities for retail investors. This ban prevents future companies like Blackmore Bond plc marketing their products to retail investors. The Treasury is currently undertaking a review into the regulatory framework for mini-bonds and will launch a consultation later this year on the regulation of non-transferable debt securities.</p><p> </p><p>In view of the FCA’s role as an independent non-governmental body it would not be appropriate for Government to comment on the FCA’s handling of Blackmore Bond plc. Investors who have concerns about the FCA’s handling of the failure of Blackmore Bond plc can make a complaint using the FCA Complaints Scheme.</p><p> </p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 160731 160732 question first answered 04/03/2021 10:25:59 answering member 4051 label Biography information for John Glen
	tabling member	4466 label Biography information for Peter Grant

1166804

	registered interest
	date	28/10/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Fraud
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what steps his Department is taking to support people experiencing bank transfer fraud.
	tabling member constituency	Glenrothes
	tabling member printed	Peter Grant
	uin	6445
	answer	answer is ministerial correction date of answer 31/10/2019 answer text <p>The Government takes bank transfer fraud, often known as Authorised Push Payment (APP) scams, extremely seriously.</p><p> </p><p>The Payment Systems Regulator, which was set up by the Government in 2015, established a steering group of financial institutions and consumer representatives to develop a voluntary industry Code of good practice to help protect consumers against these kinds of scam.</p><p> </p><p>At the end of February 2019, the steering group published the Code, which sets out the agreed principles for greater protection of consumers and the circumstances in which they will be reimbursed, marking a significant step in delivering improved protections for customers.</p><p> </p><p>The Code became effective on 28 May 2019 and customers of those payment service providers that are signatories are protected under the Code from this date.</p><p> </p> answering member constituency Salisbury answering member printed John Glen question first answered 31/10/2019 17:06:04 answering member 4051 label Biography information for John Glen
	tabling member	4466 label Biography information for Peter Grant