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849930

	registered interest
	date	26/02/2018
	answering body	Department for Education
	answering dept id	60
	answering dept short name	Education
	answering dept sort name	Education
	hansard heading	Universities: Pensions
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government whether the Office for Students has the power to compel or direct universities to increase contributions to employee pension schemes to reduce funding deficits.
	tabling member printed	Lord Myners
	uin	HL5884
	answer	answer is ministerial correction date of answer 09/03/2018 answer text <p>Higher education providers are autonomous institutions and are responsible for their own pension provision. The Office for Students does not have the power to direct universities regarding contributions to their pension schemes.</p> answering member printed Viscount Younger of Leckie question first answered 09/03/2018 11:56:02 answering member 4169 label Biography information for Viscount Younger of Leckie
	tabling member	3869 label Biography information for Lord Myners

849931

	registered interest
	date	26/02/2018
	answering body	Department for Education
	answering dept id	60
	answering dept short name	Education
	answering dept sort name	Education
	hansard heading	Universities: Pensions
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what action, if any, they propose to take to improve the funding of the Universities Staff Superannuation Fund; and whether they intend to consider taking steps to allow universities to increase income, including through commercial activities, to increase employer contributions to pension schemes.
	tabling member printed	Lord Myners
	uin	HL5885
	answer	answer is ministerial correction date of answer 09/03/2018 answer text <p>Higher education providers are autonomous institutions and they are responsible for making appropriate pension provision for their staff. The government believes that it is for universities to resolve the current dispute regarding reforms to the Universities Superannuation Scheme through dialogue between Universities UK and the University and College Union.</p><p> </p><p>As autonomous providers, universities are already able to undertake commercial activities.</p> answering member printed Viscount Younger of Leckie question first answered 09/03/2018 11:58:40 answering member 4169 label Biography information for Viscount Younger of Leckie
	tabling member	3869 label Biography information for Lord Myners

1104666

	registered interest
	date	25/03/2019
	answering body	Department for Education
	answering dept id	60
	answering dept short name	Education
	answering dept sort name	Education
	hansard heading	Degrees
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what assessment they have made of the number of first class degrees awarded by the (1) University of Surrey, and (2) University of Bradford; whether they have had any discussions with those universities about the number of such degrees awarded; and if so, what were the outcomes of any such discussions.
	tabling member printed	Lord Myners
	uin	HL14791
	answer	answer is ministerial correction date of answer 05/04/2019 answer text <p>The Higher Education and Research Act 2017 established a new independent regulator in England, the Office for Students (OfS). The act gives the OfS powers to assess the quality and standards applied to higher education by English providers.</p><p>The government has made it clear in guidance to the OfS that grade inflation must be tackled. In their strategy, attached, the OfS includes ensuring “qualifications hold their value over time” as a key objective. In December 2018, the OfS published analysis of changes in degree classifications between 2010-11 and 2016-17, which is attached. This includes data on the University of Surrey and the University of Bradford.</p><p>On 24 March, my right hon. Friend, the Secretary of State for Education called for universities to end the steep rise of “unjustifiable” first class degrees which is a threat to the world class reputation of the university sector, and risks undermining the efforts of hard working students. The government expects the OfS, when it has its full range of powers, to challenge those institutions that record an unjustifiable rise in the proportion of top degrees being awarded.</p><p>The OfS’ statutory powers are on course to be strengthened through new regulations due to be laid in Parliament later this year, which will allow the OfS to levy fines of up to £500,000 or 2% of a university’s income (whichever is higher). The UK Standing Committee for Quality Assessment is developing sector-recognised standards to ensure that all degree awards are consistent and fair - due to be completed this academic year. Together, these measures will strengthen the regulator’s ability to challenge universities with unwarranted grade inflation and hold them to account.</p><p>Any university found to be damaging students’ interests could be subject to sanctions such as placing additional conditions on their registration, fines, or in the worst case scenario removing a university’s powers to award degrees.</p><p> </p> answering member printed Viscount Younger of Leckie attachment 1 file name HL14791_OfS_Strategy_2018_2021.pdf title HL14791_OfS_Strategy_2018_2021 2 file name HL14791_Analysis_of_Degree_Classifications.pdf title HL14791_Analysis_of_Degree_Classifications question first answered 05/04/2019 10:54:12 answering member 4169 label Biography information for Viscount Younger of Leckie
	tabling member	3869 label Biography information for Lord Myners

1183449

	registered interest
	date	09/03/2020
	answering body	Department for International Trade
	answering dept id	202
	answering dept short name	International Trade
	answering dept sort name	International Trade
	hansard heading	Quintessentially
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what are the names of the foreign investors introduced to the Department of International Trade by Quintessentially; and what venues were used for such introductions.
	tabling member printed	Lord Myners
	uin	HL2352
	answer	answer is ministerial correction date of answer 17/03/2020 answer text <p>The Department for International Trade meets multiple foreign investors on a weekly basis. Our investors seek the ability to pursue and implement their investment strategy confidentially. We work within GDPR guidelines and respect the commercially sensitive nature of our work.</p><p> </p><p>We use Government venues for meetings and engagements wherever possible to showcase the UK’s heritage and ensure value for money. We also seek to secure partnerships and sponsorship to ensure public expenditure is minimised.</p> answering member printed Viscount Younger of Leckie question first answered 17/03/2020 16:52:32 answering member 4169 label Biography information for Viscount Younger of Leckie
	tabling member	3869 label Biography information for Lord Myners

1185141

	registered interest
	date	16/03/2020
	answering body	Department for International Trade
	answering dept id	202
	answering dept short name	International Trade
	answering dept sort name	International Trade
	hansard heading	Quintessentially
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government whether contracts between Quintissentially and (1) the Department for International Trade, and (2) any other Government department or agency, required details of the people who received goods and services under the contracts; and whether any goods or services were specifically excluded from those contracts.
	tabling member printed	Lord Myners
	uin	HL2643
	answer	answer is ministerial correction date of answer 25/03/2020 answer text <p>The Department for International Trade always requires the details of the people receiving the goods and services delivered through the Quintessentially contract. The goods and services supplied under the contract are provided in the contract schedule which are published on Contracts Finder. Contracts Finder is a Government website which is used for the publication of contract opportunities and contract awards. It is Government policy to publish all contracts over £10,000 further details of Contracts Finder and of the Quintessentially contract may be found here: <a href="https://eur02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.contractsfinder.service.gov.uk%2FNotice%2F0ccf6274-6878-4ad0-a106-94a723595cbb&amp;data=02%7C01%7Cpaul.kellett%40trade.gov.uk%7C27ed0cc26791488cb4c508d7ccb9caa6%7C8fa217ec33aa46fbad96dfe68006bb86%7C0%7C0%7C637202970666715849&amp;sdata=lCO6qTVWqkhdykX%2Fsq9BjPEjmoO9Uzfgor1VUha%2Fp6Y%3D&amp;reserved=0" target="_blank">https://www.contractsfinder.service.gov.uk/Notice0ccf6274-6878-4ad0a106-94a723595cbb</a>.</p> answering member printed Viscount Younger of Leckie question first answered 25/03/2020 16:51:21 answering member 4169 label Biography information for Viscount Younger of Leckie
	tabling member	3869 label Biography information for Lord Myners

1144187

	registered interest
	date	03/09/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Financial Services
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what plans they have to increase minimum capital requirements for fund managers managing Undertakings for the Collective Investment in Transferable Securities funds and other open-ended funds.
	tabling member printed	Lord Myners
	uin	HL17675
	answer	answer is ministerial correction date of answer 09/09/2019 answer text <p>This is a matter for the Financial Conduct Authority (FCA), which is operationally independent from Government. The FCA Handbook outlines the rules on the capital requirements for UCITS management firms, which are derived from the EU UCITS Directive. These requirements can be found in Chapter 11 of the Interim Prudential Sourcebook for Investment Business. If there was to be any policy decision by the FCA to change these rules in the future, that would be subject to the FCA’s relevant governance process, including a public consultation.</p> answering member printed The Earl of Courtown question first answered 09/09/2019 15:41:08 answering member 3359 label Biography information for The Earl of Courtown
	tabling member	3869 label Biography information for Lord Myners

1144190

	registered interest
	date	03/09/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Loans
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what plans they have to ask the Financial Conduct Authority to investigate the risks in the guarantor loan market and the protections available to guarantors.
	tabling member printed	Lord Myners
	uin	HL17678
	answer	answer is ministerial correction date of answer 09/09/2019 answer text <p>The government has given the FCA strong powers to protect consumers and to act against firms and individuals that do not meet its standards.</p><p> </p><p>In relation to guarantor lending the FCA has identified relending, insufficient affordability checks, and the increasing number of payments made by guarantors as the areas of potential harm to consumers. They are conducting supervisory work to assess these areas which will conclude in January 2021.</p><p> </p><p>Treasury ministers and officials meet regularly with the FCA, and the government will continue to work closely with the FCA to ensure all customers are treated fairly.</p><p><strong> </strong></p> answering member printed The Earl of Courtown question first answered 09/09/2019 15:41:48 answering member 3359 label Biography information for The Earl of Courtown
	tabling member	3869 label Biography information for Lord Myners

1144189

	registered interest
	date	03/09/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Investment Returns
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what assessment they have made of the impact of low and negative bond yields on the funding and capital assumptions of (1) pension funds, and (2) insurance companies; and the ability of the banking system to support economic growth.
	tabling member printed	Lord Myners
	uin	HL17677
	answer	answer is ministerial correction date of answer 09/09/2019 answer text <p>HM Treasury does not hold this information. This is a matter for the Prudential Regulation Authority (PRA), who are operationally independent from Government, and the Department of Work and Pensions (DWP).</p><p> </p><p>The question has been passed on to the PRA and the DWP. The PRA and the DWP will reply directly to the Noble Lord by letter. Copies of the letters will be placed in the Library of the House.</p> answering member printed The Earl of Courtown question first answered 09/09/2019 15:43:50 answering member 3359 label Biography information for The Earl of Courtown
	tabling member	3869 label Biography information for Lord Myners

1146955

	registered interest
	date	30/09/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Crowdfunding: Regulation
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what steps they are taking to (1) investigate delays in, and (2) take action to speed activity in, and (3) ensure lenders are properly informed about, secondary market sales in peer-to-peer lending.
	tabling member printed	Lord Myners
	uin	HL17929
	answer	answer is ministerial correction date of answer 08/10/2019 answer text <p>The Government monitors the peer to peer (P2P) lending sector and engages regularly with P2P platforms and the Financial Conduct Authority (FCA), who are responsible for the regulation of the sector.</p><p> </p><p>The operationally independent FCA recently published new rules for the sector. These will come into force on 9 December and include enhanced requirements on governance, risk management and investor protection.</p> answering member printed The Earl of Courtown question first answered 08/10/2019 11:59:48 answering member 3359 label Biography information for The Earl of Courtown
	tabling member	3869 label Biography information for Lord Myners

1149753

	registered interest
	date	14/10/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Collateral (UK)
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government whether the interim permission granted to Regal Pawnbroker Limited, subsequently renamed Collateral (UK) in the Financial Conduct Authority’s register, would have lapsed automatically on 31 March 2016 if an application had not been passed for Part 4A Permission under the Financial Services and Markets Act 2000.
	tabling member printed	Lord Myners
	uin	HL46
	answer	answer is ministerial correction date of answer 22/10/2019 answer text <p>The FCA is responsible for the regulation of the financial services sector and is operationally independent from Government. These questions relate to the FCA and have been passed on to them. The FCA will reply directly to Lord Myners by letter, and a copy of the letter will be placed in the Library of the House.</p> answering member printed The Earl of Courtown grouped question UIN HL120 question first answered 22/10/2019 14:41:22 answering member 3359 label Biography information for The Earl of Courtown
	tabling member	3869 label Biography information for Lord Myners