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1420714

	registered interest
	date	08/02/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Liverpool Victoria: Royal London Group
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will instruct the Financial Conduct Authority to require Liverpool Victoria to inform its owners of any benefit the (a) LV Chief Executive and (b) Board will attract from a merger; and if he will make a statement.
	tabling member constituency	Harrow West
	tabling member printed	Gareth Thomas
	uin	120608
	answer	answer is ministerial correction date of answer 16/02/2022 answer text <p>The Financial Conduct Authority (FCA) is operationally independent from the Government. These questions have therefore been passed to the FCA who will respond directly to the Honourable Member by letter. Copies of the letters will be placed in the Library of the House.</p><p> </p><p>Regarding the costs relating to Liverpool Victoria’s (LV’s) proposed demutualisation and sale to Bain Capital, these will be disclosed as part of LV’s 2021 annual report.</p><p> </p><p>In respect of a potential merger between LV and Royal London, these parties have announced that their talks have ceased, and consequently there is nothing further for the Government to add on this matter.</p><p> </p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 120609 120610 120611 120612 120613 question first answered 16/02/2022 13:47:56 answering member 4051 label Biography information for John Glen
	tabling member	177 label Biography information for Gareth Thomas

1420715

	registered interest
	date	08/02/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Liverpool Victoria: Royal London Group
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will require the Financial Conduct Authority to advise Liverpool Victoria not to use any non-disclosure agreements during negotiations with Royal London; and if he will make a statement.
	tabling member constituency	Harrow West
	tabling member printed	Gareth Thomas
	uin	120609
	answer	answer is ministerial correction date of answer 16/02/2022 answer text <p>The Financial Conduct Authority (FCA) is operationally independent from the Government. These questions have therefore been passed to the FCA who will respond directly to the Honourable Member by letter. Copies of the letters will be placed in the Library of the House.</p><p> </p><p>Regarding the costs relating to Liverpool Victoria’s (LV’s) proposed demutualisation and sale to Bain Capital, these will be disclosed as part of LV’s 2021 annual report.</p><p> </p><p>In respect of a potential merger between LV and Royal London, these parties have announced that their talks have ceased, and consequently there is nothing further for the Government to add on this matter.</p><p> </p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 120608 120610 120611 120612 120613 question first answered 16/02/2022 13:47:56 answering member 4051 label Biography information for John Glen
	tabling member	177 label Biography information for Gareth Thomas

1420716

	registered interest
	date	08/02/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Liverpool Victoria
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will require the Financial Conduct Authority to instruct Liverpool Victoria to publish the amount spent on costs relating to its (a) proposed demutualisation and sale to Bain Capital and (b) talks with Royal London including (i) legal costs, (ii) public relations costs and (c) all other payments to external advisers for work on those deals; and if he will make a statement.
	tabling member constituency	Harrow West
	tabling member printed	Gareth Thomas
	uin	120610
	answer	answer is ministerial correction date of answer 16/02/2022 answer text <p>The Financial Conduct Authority (FCA) is operationally independent from the Government. These questions have therefore been passed to the FCA who will respond directly to the Honourable Member by letter. Copies of the letters will be placed in the Library of the House.</p><p> </p><p>Regarding the costs relating to Liverpool Victoria’s (LV’s) proposed demutualisation and sale to Bain Capital, these will be disclosed as part of LV’s 2021 annual report.</p><p> </p><p>In respect of a potential merger between LV and Royal London, these parties have announced that their talks have ceased, and consequently there is nothing further for the Government to add on this matter.</p><p> </p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 120608 120609 120611 120612 120613 question first answered 16/02/2022 13:47:56 answering member 4051 label Biography information for John Glen
	tabling member	177 label Biography information for Gareth Thomas

1420717

	registered interest
	date	08/02/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Liverpool Victoria
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, how many meetings the Financial Conduct Authority has held with (a) the Board of Liverpool Victoria (LV), (b) members of LV and (c) Royal London since the collapse of LV’s demutualisation/Bain sale plans on 10 December 2021; and if he will make a statement.
	tabling member constituency	Harrow West
	tabling member printed	Gareth Thomas
	uin	120611
	answer	answer is ministerial correction date of answer 16/02/2022 answer text <p>The Financial Conduct Authority (FCA) is operationally independent from the Government. These questions have therefore been passed to the FCA who will respond directly to the Honourable Member by letter. Copies of the letters will be placed in the Library of the House.</p><p> </p><p>Regarding the costs relating to Liverpool Victoria’s (LV’s) proposed demutualisation and sale to Bain Capital, these will be disclosed as part of LV’s 2021 annual report.</p><p> </p><p>In respect of a potential merger between LV and Royal London, these parties have announced that their talks have ceased, and consequently there is nothing further for the Government to add on this matter.</p><p> </p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 120608 120609 120610 120612 120613 question first answered 16/02/2022 13:47:56 answering member 4051 label Biography information for John Glen
	tabling member	177 label Biography information for Gareth Thomas

1420718

	registered interest
	date	08/02/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Liverpool Victoria
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will instruct the Financial Conduct Authority to require Liverpool Victoria to disclose what remuneration Seamus Creedon will be paid as Chairman of Liverpool Victoria; if he will make a statement.
	tabling member constituency	Harrow West
	tabling member printed	Gareth Thomas
	uin	120612
	answer	answer is ministerial correction date of answer 16/02/2022 answer text <p>The Financial Conduct Authority (FCA) is operationally independent from the Government. These questions have therefore been passed to the FCA who will respond directly to the Honourable Member by letter. Copies of the letters will be placed in the Library of the House.</p><p> </p><p>Regarding the costs relating to Liverpool Victoria’s (LV’s) proposed demutualisation and sale to Bain Capital, these will be disclosed as part of LV’s 2021 annual report.</p><p> </p><p>In respect of a potential merger between LV and Royal London, these parties have announced that their talks have ceased, and consequently there is nothing further for the Government to add on this matter.</p><p> </p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 120608 120609 120610 120611 120613 question first answered 16/02/2022 13:47:56 answering member 4051 label Biography information for John Glen
	tabling member	177 label Biography information for Gareth Thomas

1420719

	registered interest
	date	08/02/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Liverpool Victoria
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will require the Financial Conduct Authority to require Liverpool Victoria (LV) to disclose whether the outgoing Board members of LV, including Chairman Alan Cook, will receive a departure payment or any other payment on departure from the Board of LV; and if he will make a statement.
	tabling member constituency	Harrow West
	tabling member printed	Gareth Thomas
	uin	120613
	answer	answer is ministerial correction date of answer 16/02/2022 answer text <p>The Financial Conduct Authority (FCA) is operationally independent from the Government. These questions have therefore been passed to the FCA who will respond directly to the Honourable Member by letter. Copies of the letters will be placed in the Library of the House.</p><p> </p><p>Regarding the costs relating to Liverpool Victoria’s (LV’s) proposed demutualisation and sale to Bain Capital, these will be disclosed as part of LV’s 2021 annual report.</p><p> </p><p>In respect of a potential merger between LV and Royal London, these parties have announced that their talks have ceased, and consequently there is nothing further for the Government to add on this matter.</p><p> </p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 120608 120609 120610 120611 120612 question first answered 16/02/2022 13:47:56 answering member 4051 label Biography information for John Glen
	tabling member	177 label Biography information for Gareth Thomas

1403004

	registered interest
	date	14/01/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Financial Services: UK Relations with EU
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, pursuant to the Answer of 6 September 2021 to Question 38132, on Financial Services: EU Action, what progress has been made in the UK and EU on signing the Memorandum of Understanding on financial services; what timeframe has been agreed for greater regulatory cooperation on financial services; and if he will make a statement.
	tabling member constituency	Harrow West
	tabling member printed	Gareth Thomas
	uin	104295
	answer	answer is ministerial correction date of answer 20/01/2022 answer text <p>As detailed in the answer to Question 38132, technical discussions on the text of the Memorandum of Understanding on financial services regulatory cooperation have concluded. The Government is ready to sign but further steps are required on the EU side before the MoU will come into effect and the UK-EU Forum can be convened.</p> answering member constituency Salisbury answering member printed John Glen question first answered 20/01/2022 12:26:21 answering member 4051 label Biography information for John Glen
	tabling member	177 label Biography information for Gareth Thomas

1399184

	registered interest
	date	04/01/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Cooperatives and Mutual Societies
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, with reference to the oral contribution of the Economic Secretary to the Treasury of 14 December 2021, Official Report column 268WH, if he will publish the correspondence from Liverpool Victoria (LV=); and if he will make a statement.
	tabling member constituency	Harrow West
	tabling member printed	Gareth Thomas
	uin	96754
	answer	answer is ministerial correction date of answer 11/01/2022 answer text <p>A Freedom of Information request for this correspondence was received and the letter has now been released.</p> answering member constituency Salisbury answering member printed John Glen question first answered 11/01/2022 14:55:13 answering member 4051 label Biography information for John Glen
	tabling member	177 label Biography information for Gareth Thomas

1388133

	registered interest
	date	15/12/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Liverpool Victoria
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will ask the Financial Conduct Authority to require Liverpool Victoria to publish how much they have spent on their efforts to demutualise and sell the business to Bain Capital.
	tabling member constituency	Harrow West
	tabling member printed	Gareth Thomas
	uin	93698
	answer	answer is ministerial correction date of answer 11/01/2022 answer text <p>The Financial Conduct Authority have advised that the costs associated with the attempted sale of LV= to Bain Capital will be disclosed as part of LV =’s 2021 Annual Report.</p> answering member constituency Salisbury answering member printed John Glen question first answered 11/01/2022 15:44:39 answering member 4051 label Biography information for John Glen
	tabling member	177 label Biography information for Gareth Thomas

1388134

	registered interest
	date	15/12/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Liverpool Victoria
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will discuss with the Financial Conduct Authority and the Prudential Regulation Authority whether they will review whether the Chair and Chief Executive are still fit and proper persons to be Directors of Liverpool Victoria; and if he will make a statement.
	tabling member constituency	Harrow West
	tabling member printed	Gareth Thomas
	uin	93699
	answer	answer is ministerial correction date of answer 11/01/2022 answer text <p>Assessing the fitness and propriety of individuals in senior positions at financial services firms are a matter for the independent financial services regulators, the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA).</p><p> </p><p>The FCA and PRA consider their assessment on an ongoing basis and further information on the policy and its processes can be found here (<a href="https://www.fca.org.uk/publication/policy/guide-for-insurers.pdf" target="_blank">https://www.fca.org.uk/publication/policy/guide-for-insurers.pdf</a>)</p> answering member constituency Salisbury answering member printed John Glen question first answered 11/01/2022 16:47:04 answering member 4051 label Biography information for John Glen
	tabling member	177 label Biography information for Gareth Thomas