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1058890

	registered interest
	date	11/02/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Asset Protection Scheme
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer to state, what the proportion of (a) incentive and (b) bonus components was of remuneration for Asset Protection Scheme personnel and senior executives, evaluated against their performance targets between 2009 and 2012; and which Minister authorised those payments.
	tabling member constituency	East Lothian
	tabling member printed	Martin Whitfield
	uin	219539
	answer	answer is ministerial correction date of answer 14/02/2019 answer text <p>The Asset Protection Agency (APA) was set up by the Government in 2009 to manage the Asset Protection Scheme (APS). The APA supported financial stability and the taxpayers’ interest by protecting financial institutions participating in the APS against exceptional credit losses on high-risk assets.</p><p> </p><p> </p><p>An APA Remuneration Committee advised the Chief Executive and Advisory Board on remuneration for APA staff, and advised HM Treasury on remuneration for the Chief Executive. Performance awards were made based on individual performance appraisals, which were undertaken in line with Civil Service appraisal and performance award policies. Further information on remuneration is publicly available in the APA Annual Report and Accounts here: <a href="https://webarchive.nationalarchives.gov.uk/20130129110533/http:/www.hm-treasury.gov.uk/apa.htm" target="_blank">https://webarchive.nationalarchives.gov.uk/20130129110533/http://www.hm-treasury.gov.uk/apa.htm</a>.</p><p> </p><p>The HMT Operations Committee approved the pay principles to be adopted in setting salary ranges for APA staff. Remuneration packages for senior APA staff were approved by the Cabinet Office.</p><p> </p><p>The Senior Oversight Committee was established by RBS in compliance with the APS governance and oversight conditions. The Committee consisted of RBS senior management personnel and a non-executive director of RBS. The APA leadership team attended Committee meetings as non-voting observers.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 219540 question first answered 14/02/2019 14:28:14 answering member 4051 label Biography information for John Glen
	tabling member	4626 label Biography information for Martin Whitfield

1058891

	registered interest
	date	11/02/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Asset Protection Agency: Public Appointments
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will (a) list the people who composed the Senior Oversight Committee for the Asset Protection Agency between 2009-2012 and (b) set out (i) the process by which and (ii) by whom those people were appointed.
	tabling member constituency	East Lothian
	tabling member printed	Martin Whitfield
	uin	219540
	answer	answer is ministerial correction date of answer 14/02/2019 answer text <p>The Asset Protection Agency (APA) was set up by the Government in 2009 to manage the Asset Protection Scheme (APS). The APA supported financial stability and the taxpayers’ interest by protecting financial institutions participating in the APS against exceptional credit losses on high-risk assets.</p><p> </p><p> </p><p>An APA Remuneration Committee advised the Chief Executive and Advisory Board on remuneration for APA staff, and advised HM Treasury on remuneration for the Chief Executive. Performance awards were made based on individual performance appraisals, which were undertaken in line with Civil Service appraisal and performance award policies. Further information on remuneration is publicly available in the APA Annual Report and Accounts here: <a href="https://webarchive.nationalarchives.gov.uk/20130129110533/http:/www.hm-treasury.gov.uk/apa.htm" target="_blank">https://webarchive.nationalarchives.gov.uk/20130129110533/http://www.hm-treasury.gov.uk/apa.htm</a>.</p><p> </p><p>The HMT Operations Committee approved the pay principles to be adopted in setting salary ranges for APA staff. Remuneration packages for senior APA staff were approved by the Cabinet Office.</p><p> </p><p>The Senior Oversight Committee was established by RBS in compliance with the APS governance and oversight conditions. The Committee consisted of RBS senior management personnel and a non-executive director of RBS. The APA leadership team attended Committee meetings as non-voting observers.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 219539 question first answered 14/02/2019 14:28:14 answering member 4051 label Biography information for John Glen
	tabling member	4626 label Biography information for Martin Whitfield