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tabling member printed	Grahame Morris
answer › is ministerial correction	false
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, if she will make an assessment of (a) the reasons for the collapse of Johnston Press and (b) whether additional powers for the Pension Regulator would help to safeguard pension funds and mitigate the potential financial loss to employees.

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registered interest

date

exactly:

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and

answering body

answering dept id

answering dept short name

answering dept sort name

hansard heading

house id

legislature


pref label

question text

tabling member constituency

tabling member printed

uin

answer

is ministerial correction

date of answer

exactly:

or between:
and

answer text

answering member constituency

answering member printed

question first answered

answering member


label

tabling member


label

1141793

registered interest

date

24/07/2019

answering body

Department for Business, Energy and Industrial Strategy

answering dept id

201

answering dept short name

Business, Energy and Industrial Strategy

answering dept sort name

Business, Energy and Industrial Strategy

hansard heading

Johnston Press: Insolvency

house id

legislature

25259

	pref label	House of Commons

question text

To ask the Secretary of State for Business, Energy and Industrial Strategy, if she will make an assessment of (a) the reasons for the collapse of Johnston Press and (b) whether additional powers for the Pension Regulator would help to safeguard pension funds and mitigate the potential financial loss to employees.

tabling member constituency

Easington

tabling member printed

Grahame Morris

uin

281707

answer

is ministerial correction

date of answer

03/09/2019

answer text

The Johnston Press Group entered administration on 17 November 2018 and its business and assets were sold to a company owned by the Group’s bondholders (JPI Media Group) under a pre-pack arrangement. The government cannot comment on individual insolvency cases. However, the Pensions Regulator in its report of March 2019 found no evidence that the insolvency of Johnston Press was avoidable and had no reason to use its anti-avoidance powers. The government’s White Paper 2018 “Protecting Defined Benefit Pension Schemes” proposed a number of new measures to provide better protection for scheme members’ benefits, including giving the Pensions Regulator additional powers to enable it to be more proactive with tougher penalties to deter wrongdoing. A response to the consultation was published on 11 February 2019.

answering member constituency

Rochester and Strood

answering member printed

Kelly Tolhurst

question first answered

03/09/2019 15:18:13

answering member

4487

	label	Biography information for Kelly Tolhurst

tabling member

3973

	label	Biography information for Grahame Morris