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1242506

	registered interest
	date	12/10/2020
	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	Mineworkers' Pension Scheme
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, with reference to the Answer of 3 November 2016 to Question 51063 on the Mineworkers' Pension Scheme, whether the Government has made any direct payments to the Mineworkers' Pension Scheme under the guarantee arrangements since November 2016.
	tabling member constituency	Barnsley East
	tabling member printed	Stephanie Peacock
	uin	102148
	answer	answer is ministerial correction date of answer 15/10/2020 answer text <p>No such payments have been made.</p> answering member constituency Spelthorne answering member printed Kwasi Kwarteng question first answered 15/10/2020 16:18:00 answering member 4134 label Biography information for Kwasi Kwarteng
	tabling member	4607 label Biography information for Stephanie Peacock

1242507

	registered interest
	date	12/10/2020
	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	Mineworkers' Pension Scheme
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, how much is held in the investment reserve funds for the Mineworkers' Pension Scheme.
	tabling member constituency	Barnsley East
	tabling member printed	Stephanie Peacock
	uin	102149
	answer	answer is ministerial correction date of answer 15/10/2020 answer text <p>As at 30 September 2020, the Investment Reserve stood at £1,216m.</p> answering member constituency Spelthorne answering member printed Kwasi Kwarteng question first answered 15/10/2020 16:16:36 answering member 4134 label Biography information for Kwasi Kwarteng
	tabling member	4607 label Biography information for Stephanie Peacock

1242509

	registered interest
	date	12/10/2020
	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	Mineworkers' Pension Scheme
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what estimate he has made of how much the Government will receive from the Mineworkers' Pension Scheme in the financial year (a) 2018-19, (b) 2019-20 and (c) 2020-21.
	tabling member constituency	Barnsley East
	tabling member printed	Stephanie Peacock
	uin	102150
	answer	answer is ministerial correction date of answer 15/10/2020 answer text <p>In 2018-19, the Government received £142.4m as its share of surplus and £475m from the Investment Reserve. In each of 2019-20 and 2020-21, the Government received £142.4m as its share of surplus. The presence of the Guarantee has given the Trustees the freedom to invest in a way that targets surpluses and, as a consequence, bonuses to members. Bonuses paid to date mean that the typical member’s pension today is around 33% higher in real terms than it would otherwise have been.</p> answering member constituency Spelthorne answering member printed Kwasi Kwarteng question first answered 15/10/2020 16:15:50 answering member 4134 label Biography information for Kwasi Kwarteng
	tabling member	4607 label Biography information for Stephanie Peacock