HM Revenue and Customs can provide estimates of the number of women and men earning income below the personal allowance threshold who contribute to a net pay or a relief at source pension scheme over a three year period. These figures are set out in the table below.<\/p>
These figures are produced using HMRC\u2019s Real Time Information data to identify taxpayers who contribute to relief at source and net pay pension schemes, which is then combined with the Survey of Personal Incomes to obtain information on income and gender. The most recent tax/year for which these estimates are available is 2016/17.<\/p>
<\/p>
Number of individuals earning below the Personal Allowance making workplace pension contributions into net pay and relief at source pension schemes (Figures are in thousands)<\/strong><\/p> <\/p><\/td> 2014/15<\/p><\/td> 2015/16<\/p><\/td> 2016/17<\/p><\/td><\/tr> Net Pay<\/p><\/td><\/tr> Female<\/p><\/td> 800<\/p><\/td> 900<\/p><\/td> 1,000<\/p><\/td><\/tr> Male<\/p><\/td> 300<\/p><\/td> 300<\/p><\/td> 300<\/p><\/td><\/tr> Total<\/p><\/td> 1,100<\/p><\/td> 1,200<\/p><\/td> 1,300<\/p><\/td><\/tr> Relief at Source<\/p><\/td><\/tr> Female<\/p><\/td> 400<\/p><\/td> 500<\/p><\/td> 700<\/p><\/td><\/tr> Male<\/p><\/td> 300<\/p><\/td> 300<\/p><\/td> 400<\/p><\/td><\/tr> Total<\/p><\/td> 600<\/p><\/td> 900<\/p><\/td> 1,100<\/p><\/td><\/tr><\/tbody><\/table> Note: (1) Personal Allowances for the respective tax years: £10,000 in 2014/15, £10,600 in 2015/16 and £11,000 in 2016/17; (2) Figures are rounded to neared 100 thousand; (3) Figures by gender may not sum to total due to rounding<\/p> Source: Real Time Information and Survey of Personal Income Data for 2014/15, 2015/16 and 2016/17.<\/p> <\/p> There may be individuals who have both relief at source and net pay pension schemes. The relief at source pension schemes data only shows individuals who are part of an employer-sponsored or provided pension scheme.<\/p> <\/p> An estimate of the number of disabled people who earn less than the personal allowance and are contributing to a net pay pension scheme is not available. The relevant HM Revenue and Customs\u2019 administrative data does not contain information on disability.<\/p> <\/p> An estimate for the number of taxpayers with relief at source pensions who fail to claim higher rate tax relief, and how much higher rate tax relief is unclaimed each year, is not available.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/57", "label" : {"_value" : "Biography information for Lord Young of Cookham"}
}
, "answeringMemberPrinted" : {"_value" : "Lord Young of Cookham"}
, "dateOfAnswer" : {"_value" : "2019-06-18", "_datatype" : "dateTime"}
, "groupedQuestionUIN" : [{"_value" : "HL15964"}
, {"_value" : "HL15965"}
, {"_value" : "HL15966"}
], "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2019-06-18T15:32:43.827Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2019-06-04", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Workplace Pensions: Tax Allowances"}
, "houseId" : {"_value" : "2"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
}
], "questionText" : "To ask Her Majesty's Government, according to the data gathered by the HM Revenue and Customs Real Time Information programme, how many (1) women, and (2) men earning below the personal income tax threshold were contributing at work to a net pay pension scheme in the last three years; and whether they have estimates of these numbers for the current year.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4533", "label" : {"_value" : "Biography information for Baroness Altmann"}
}
, "tablingMemberPrinted" : [{"_value" : "Baroness Altmann"}
], "uin" : "HL15963"}
, {"_about" : "http://data.parliament.uk/resources/1129479", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1129479/answer", "answerText" : {"_value" : " HM Revenue and Customs can provide estimates of the number of women and men earning income below the personal allowance threshold who contribute to a net pay or a relief at source pension scheme over a three year period. These figures are set out in the table below.<\/p> These figures are produced using HMRC\u2019s Real Time Information data to identify taxpayers who contribute to relief at source and net pay pension schemes, which is then combined with the Survey of Personal Incomes to obtain information on income and gender. The most recent tax/year for which these estimates are available is 2016/17.<\/p> <\/p> Number of individuals earning below the Personal Allowance making workplace pension contributions into net pay and relief at source pension schemes (Figures are in thousands)<\/strong><\/p> <\/p><\/td> 2014/15<\/p><\/td> 2015/16<\/p><\/td> 2016/17<\/p><\/td><\/tr> Net Pay<\/p><\/td><\/tr> Female<\/p><\/td> 800<\/p><\/td> 900<\/p><\/td> 1,000<\/p><\/td><\/tr> Male<\/p><\/td> 300<\/p><\/td> 300<\/p><\/td> 300<\/p><\/td><\/tr> Total<\/p><\/td> 1,100<\/p><\/td> 1,200<\/p><\/td> 1,300<\/p><\/td><\/tr> Relief at Source<\/p><\/td><\/tr> Female<\/p><\/td> 400<\/p><\/td> 500<\/p><\/td> 700<\/p><\/td><\/tr> Male<\/p><\/td> 300<\/p><\/td> 300<\/p><\/td> 400<\/p><\/td><\/tr> Total<\/p><\/td> 600<\/p><\/td> 900<\/p><\/td> 1,100<\/p><\/td><\/tr><\/tbody><\/table> Note: (1) Personal Allowances for the respective tax years: £10,000 in 2014/15, £10,600 in 2015/16 and £11,000 in 2016/17; (2) Figures are rounded to neared 100 thousand; (3) Figures by gender may not sum to total due to rounding<\/p> Source: Real Time Information and Survey of Personal Income Data for 2014/15, 2015/16 and 2016/17.<\/p> <\/p> There may be individuals who have both relief at source and net pay pension schemes. The relief at source pension schemes data only shows individuals who are part of an employer-sponsored or provided pension scheme.<\/p> <\/p> An estimate of the number of disabled people who earn less than the personal allowance and are contributing to a net pay pension scheme is not available. The relevant HM Revenue and Customs\u2019 administrative data does not contain information on disability.<\/p> <\/p> An estimate for the number of taxpayers with relief at source pensions who fail to claim higher rate tax relief, and how much higher rate tax relief is unclaimed each year, is not available.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/57", "label" : {"_value" : "Biography information for Lord Young of Cookham"}
}
, "answeringMemberPrinted" : {"_value" : "Lord Young of Cookham"}
, "dateOfAnswer" : {"_value" : "2019-06-18", "_datatype" : "dateTime"}
, "groupedQuestionUIN" : [{"_value" : "HL15963"}
, {"_value" : "HL15965"}
, {"_value" : "HL15966"}
], "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2019-06-18T15:32:43.87Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2019-06-04", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Workplace Pensions: Tax Allowances"}
, "houseId" : {"_value" : "2"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
}
], "questionText" : "To ask Her Majesty's Government, according to the data gathered by the HM Revenue and Customs Real Time Information programme, how many (1) women and (2) men earning below the personal income tax threshold were contributing at work to a relief at source pension scheme in the last three years; and whether they have estimates of these numbers for the current year.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4533", "label" : {"_value" : "Biography information for Baroness Altmann"}
}
, "tablingMemberPrinted" : [{"_value" : "Baroness Altmann"}
], "uin" : "HL15964"}
, {"_about" : "http://data.parliament.uk/resources/1129480", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1129480/answer", "answerText" : {"_value" : " HM Revenue and Customs can provide estimates of the number of women and men earning income below the personal allowance threshold who contribute to a net pay or a relief at source pension scheme over a three year period. These figures are set out in the table below.<\/p> These figures are produced using HMRC\u2019s Real Time Information data to identify taxpayers who contribute to relief at source and net pay pension schemes, which is then combined with the Survey of Personal Incomes to obtain information on income and gender. The most recent tax/year for which these estimates are available is 2016/17.<\/p> <\/p> Number of individuals earning below the Personal Allowance making workplace pension contributions into net pay and relief at source pension schemes (Figures are in thousands)<\/strong><\/p> <\/p><\/td> 2014/15<\/p><\/td> 2015/16<\/p><\/td> 2016/17<\/p><\/td><\/tr> Net Pay<\/p><\/td><\/tr> Female<\/p><\/td> 800<\/p><\/td> 900<\/p><\/td> 1,000<\/p><\/td><\/tr> Male<\/p><\/td> 300<\/p><\/td> 300<\/p><\/td> 300<\/p><\/td><\/tr> Total<\/p><\/td> 1,100<\/p><\/td> 1,200<\/p><\/td> 1,300<\/p><\/td><\/tr> Relief at Source<\/p><\/td><\/tr> Female<\/p><\/td> 400<\/p><\/td> 500<\/p><\/td> 700<\/p><\/td><\/tr> Male<\/p><\/td> 300<\/p><\/td> 300<\/p><\/td> 400<\/p><\/td><\/tr> Total<\/p><\/td> 600<\/p><\/td> 900<\/p><\/td> 1,100<\/p><\/td><\/tr><\/tbody><\/table> Note: (1) Personal Allowances for the respective tax years: £10,000 in 2014/15, £10,600 in 2015/16 and £11,000 in 2016/17; (2) Figures are rounded to neared 100 thousand; (3) Figures by gender may not sum to total due to rounding<\/p> Source: Real Time Information and Survey of Personal Income Data for 2014/15, 2015/16 and 2016/17.<\/p> <\/p> There may be individuals who have both relief at source and net pay pension schemes. The relief at source pension schemes data only shows individuals who are part of an employer-sponsored or provided pension scheme.<\/p> <\/p> An estimate of the number of disabled people who earn less than the personal allowance and are contributing to a net pay pension scheme is not available. The relevant HM Revenue and Customs\u2019 administrative data does not contain information on disability.<\/p> <\/p> An estimate for the number of taxpayers with relief at source pensions who fail to claim higher rate tax relief, and how much higher rate tax relief is unclaimed each year, is not available.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/57", "label" : {"_value" : "Biography information for Lord Young of Cookham"}
}
, "answeringMemberPrinted" : {"_value" : "Lord Young of Cookham"}
, "dateOfAnswer" : {"_value" : "2019-06-18", "_datatype" : "dateTime"}
, "groupedQuestionUIN" : [{"_value" : "HL15963"}
, {"_value" : "HL15964"}
, {"_value" : "HL15966"}
], "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2019-06-18T15:32:43.917Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2019-06-04", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Workplace Pensions: Tax Allowances"}
, "houseId" : {"_value" : "2"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
}
], "questionText" : "To ask Her Majesty's Government whether the data gathered by the HM Revenue and Customs Real Time Information programme shows how many disabled people earning less than the personal tax threshold are currently contributing to a net pay pension scheme at work.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4533", "label" : {"_value" : "Biography information for Baroness Altmann"}
}
, "tablingMemberPrinted" : [{"_value" : "Baroness Altmann"}
], "uin" : "HL15965"}
, {"_about" : "http://data.parliament.uk/resources/1129481", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1129481/answer", "answerText" : {"_value" : " HM Revenue and Customs can provide estimates of the number of women and men earning income below the personal allowance threshold who contribute to a net pay or a relief at source pension scheme over a three year period. These figures are set out in the table below.<\/p> These figures are produced using HMRC\u2019s Real Time Information data to identify taxpayers who contribute to relief at source and net pay pension schemes, which is then combined with the Survey of Personal Incomes to obtain information on income and gender. The most recent tax/year for which these estimates are available is 2016/17.<\/p> <\/p> Number of individuals earning below the Personal Allowance making workplace pension contributions into net pay and relief at source pension schemes (Figures are in thousands)<\/strong><\/p> <\/p><\/td> 2014/15<\/p><\/td> 2015/16<\/p><\/td> 2016/17<\/p><\/td><\/tr> Net Pay<\/p><\/td><\/tr> Female<\/p><\/td> 800<\/p><\/td> 900<\/p><\/td> 1,000<\/p><\/td><\/tr> Male<\/p><\/td> 300<\/p><\/td> 300<\/p><\/td> 300<\/p><\/td><\/tr> Total<\/p><\/td> 1,100<\/p><\/td> 1,200<\/p><\/td> 1,300<\/p><\/td><\/tr> Relief at Source<\/p><\/td><\/tr> Female<\/p><\/td> 400<\/p><\/td> 500<\/p><\/td> 700<\/p><\/td><\/tr> Male<\/p><\/td> 300<\/p><\/td> 300<\/p><\/td> 400<\/p><\/td><\/tr> Total<\/p><\/td> 600<\/p><\/td> 900<\/p><\/td> 1,100<\/p><\/td><\/tr><\/tbody><\/table> Note: (1) Personal Allowances for the respective tax years: £10,000 in 2014/15, £10,600 in 2015/16 and £11,000 in 2016/17; (2) Figures are rounded to neared 100 thousand; (3) Figures by gender may not sum to total due to rounding<\/p> Source: Real Time Information and Survey of Personal Income Data for 2014/15, 2015/16 and 2016/17.<\/p> <\/p> There may be individuals who have both relief at source and net pay pension schemes. The relief at source pension schemes data only shows individuals who are part of an employer-sponsored or provided pension scheme.<\/p> <\/p> An estimate of the number of disabled people who earn less than the personal allowance and are contributing to a net pay pension scheme is not available. The relevant HM Revenue and Customs\u2019 administrative data does not contain information on disability.<\/p> <\/p> An estimate for the number of taxpayers with relief at source pensions who fail to claim higher rate tax relief, and how much higher rate tax relief is unclaimed each year, is not available.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/57", "label" : {"_value" : "Biography information for Lord Young of Cookham"}
}
, "answeringMemberPrinted" : {"_value" : "Lord Young of Cookham"}
, "dateOfAnswer" : {"_value" : "2019-06-18", "_datatype" : "dateTime"}
, "groupedQuestionUIN" : [{"_value" : "HL15963"}
, {"_value" : "HL15964"}
, {"_value" : "HL15965"}
], "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2019-06-18T15:32:43.953Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2019-06-04", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Workplace Pensions: Tax Allowances"}
, "houseId" : {"_value" : "2"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
}
], "questionText" : "To ask Her Majesty's Government what estimates they have of (1) how many higher rate taxpayers fail to claim higher rate tax relief, and (2) how much higher rate tax relief is unclaimed each year, in relief at source pensions.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4533", "label" : {"_value" : "Biography information for Baroness Altmann"}
}
, "tablingMemberPrinted" : [{"_value" : "Baroness Altmann"}
], "uin" : "HL15966"}
, {"_about" : "http://data.parliament.uk/resources/1129548", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1129548/answer", "answerText" : {"_value" : " On 23 May, the Treasury formally directed the Financial Conduct Authority (FCA) to launch an independent investigation into the events at London Capital & Finance (LCF), and approved the FCA\u2019s appointment of Dame Elizabeth Gloster to lead it. The investigation will look at the events and circumstances surrounding the failure of LCF and whether, in its supervision of LCF, the FCA discharged its functions in a manner which enabled it to effectively fulfil its statutory objectives. Dame Elizabeth will be able to consider any other matters she deems relevant to the events set out in the Treasury\u2019s direction to the FCA.<\/p> <\/p> Dame Elizabeth is an experienced barrister, leading QC and Judge at the High Court and Court of Appeal. The Treasury is satisfied that she will be able to lead a robust and independent investigation.<\/p> <\/p> The Treasury has stipulated that the investigation should be completed within 12 months, whilst allowing the investigator to report sooner than 12 months if this is feasible. This will ensure that the investigation is as thorough as possible and that the right lessons are learned to better protect those who invest their money in the future.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/57", "label" : {"_value" : "Biography information for Lord Young of Cookham"}
}
, "answeringMemberPrinted" : {"_value" : "Lord Young of Cookham"}
, "dateOfAnswer" : {"_value" : "2019-06-18", "_datatype" : "dateTime"}
, "groupedQuestionUIN" : [{"_value" : "HL16034"}
, {"_value" : "HL16035"}
], "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2019-06-18T15:18:13.633Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2019-06-04", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "London Capital & Finance: Insolvency"}
, "houseId" : {"_value" : "2"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
}
], "questionText" : "To ask Her Majesty's Government why 12 months have been allowed for the completion of Dame Elizabeth Gloster's inquiry into the circumstances surrounding the collapse of investment firm London Capital & Finance and the Financial Conduct Authority\u2019s supervision of the firm.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/3869", "label" : {"_value" : "Biography information for Lord Myners"}
}
, "tablingMemberPrinted" : [{"_value" : "Lord Myners"}
], "uin" : "HL16033"}
, {"_about" : "http://data.parliament.uk/resources/1129549", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1129549/answer", "answerText" : {"_value" : " On 23 May, the Treasury formally directed the Financial Conduct Authority (FCA) to launch an independent investigation into the events at London Capital & Finance (LCF), and approved the FCA\u2019s appointment of Dame Elizabeth Gloster to lead it. The investigation will look at the events and circumstances surrounding the failure of LCF and whether, in its supervision of LCF, the FCA discharged its functions in a manner which enabled it to effectively fulfil its statutory objectives. Dame Elizabeth will be able to consider any other matters she deems relevant to the events set out in the Treasury\u2019s direction to the FCA.<\/p> <\/p> Dame Elizabeth is an experienced barrister, leading QC and Judge at the High Court and Court of Appeal. The Treasury is satisfied that she will be able to lead a robust and independent investigation.<\/p> <\/p> The Treasury has stipulated that the investigation should be completed within 12 months, whilst allowing the investigator to report sooner than 12 months if this is feasible. This will ensure that the investigation is as thorough as possible and that the right lessons are learned to better protect those who invest their money in the future.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/57", "label" : {"_value" : "Biography information for Lord Young of Cookham"}
}
, "answeringMemberPrinted" : {"_value" : "Lord Young of Cookham"}
, "dateOfAnswer" : {"_value" : "2019-06-18", "_datatype" : "dateTime"}
, "groupedQuestionUIN" : [{"_value" : "HL16033"}
, {"_value" : "HL16035"}
], "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2019-06-18T15:18:13.667Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2019-06-04", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Barlow Clowes: Insolvency"}
, "houseId" : {"_value" : "2"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
}
], "questionText" : "To ask Her Majesty's Government what assessment they have made of the role Dame Elizabeth Gloster played as counsel in cases arising out of (1) the insolvency of Barlow Clowes, and (2) the payment of compensation to investors in that firm's funds.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/3869", "label" : {"_value" : "Biography information for Lord Myners"}
}
, "tablingMemberPrinted" : [{"_value" : "Lord Myners"}
], "uin" : "HL16034"}
, {"_about" : "http://data.parliament.uk/resources/1129550", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1129550/answer", "answerText" : {"_value" : " On 23 May, the Treasury formally directed the Financial Conduct Authority (FCA) to launch an independent investigation into the events at London Capital & Finance (LCF), and approved the FCA\u2019s appointment of Dame Elizabeth Gloster to lead it. The investigation will look at the events and circumstances surrounding the failure of LCF and whether, in its supervision of LCF, the FCA discharged its functions in a manner which enabled it to effectively fulfil its statutory objectives. Dame Elizabeth will be able to consider any other matters she deems relevant to the events set out in the Treasury\u2019s direction to the FCA.<\/p> <\/p> Dame Elizabeth is an experienced barrister, leading QC and Judge at the High Court and Court of Appeal. The Treasury is satisfied that she will be able to lead a robust and independent investigation.<\/p> <\/p> The Treasury has stipulated that the investigation should be completed within 12 months, whilst allowing the investigator to report sooner than 12 months if this is feasible. This will ensure that the investigation is as thorough as possible and that the right lessons are learned to better protect those who invest their money in the future.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/57", "label" : {"_value" : "Biography information for Lord Young of Cookham"}
}
, "answeringMemberPrinted" : {"_value" : "Lord Young of Cookham"}
, "dateOfAnswer" : {"_value" : "2019-06-18", "_datatype" : "dateTime"}
, "groupedQuestionUIN" : [{"_value" : "HL16033"}
, {"_value" : "HL16034"}
], "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2019-06-18T15:18:13.713Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2019-06-04", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "London Capital & Finance: Insolvency"}
, "houseId" : {"_value" : "2"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
}
], "questionText" : "To ask Her Majesty's Government why the terms of reference for Dame Elizabeth Gloster's inquiry into the circumstances surrounding the collapse of investment firm London Capital & Finance and the Financial Conduct Authority\u2019s supervision of the firm do not include the impact on affected savers.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/3869", "label" : {"_value" : "Biography information for Lord Myners"}
}
, "tablingMemberPrinted" : [{"_value" : "Lord Myners"}
], "uin" : "HL16035"}
, {"_about" : "http://data.parliament.uk/resources/1129572", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1129572/answer", "answerText" : {"_value" : " The Strong Customer Authentication Regulatory Technical Standards (\u201cthe SCA RTS\u201d), which are intended to reduce fraud and increase payments security, came into force on 14 March 2018 in EU law. The majority of its provisions will apply from 14 September 2019, and will apply in full in the UK.<\/p> <\/p> The EU (Withdrawal) Act (\u201cthe Act\u201d) will bring into UK law all directly applicated EU regulations which are operative at exit day, as defined by the Act, or at the end of the proposed Implementation Period if the withdrawal agreement reached between the Government and the EU is ratified. This includes operative Regulatory Technical Standards (RTS). The Act also permits ministers to make amendments which correct deficiencies in these regulations, if that is necessary to ensure they operate effectively in the UK.<\/p> The Financial Regulators\u2019 Powers (Technical Standards etc.) (Amendment etc.) (EU Exit) Regulations 2018, made under the Act, delegated responsibility for fixing deficiencies in the SCA RTS to the FCA. Under the Electronic Money, Payment Services and Payment Systems (Amendment and Transitional Provisions) (EU Exit) Regulations 2018, the FCA is also the competent authority for the SCA RTS after EU Exit.<\/p> <\/p> The FCA consulted on its approach to the SCA RTS after the UK has left the EU (see CP18/44, published on 19 December 2018). It proposes to substantially maintain these technical standards in UK law, to support consumer protection and to provide firms with certainty and clarity about the systems they have been building.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/57", "label" : {"_value" : "Biography information for Lord Young of Cookham"}
}
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, "dateOfAnswer" : {"_value" : "2019-06-18", "_datatype" : "dateTime"}
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, "questionFirstAnswered" : [{"_value" : "2019-06-18T15:19:22.827Z", "_datatype" : "dateTime"}
]}
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, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2019-06-04", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Bank Services: Internet"}
, "houseId" : {"_value" : "2"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
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], "questionText" : "To ask Her Majesty's Government what plans they have to remain closely aligned to any new EU security regulations for online banking transactions after Brexit.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/1796", "label" : {"_value" : "Biography information for Lord Taylor of Warwick"}
}
, "tablingMemberPrinted" : [{"_value" : "Lord Taylor of Warwick"}
], "uin" : "HL16057"}
, {"_about" : "http://data.parliament.uk/resources/1129583", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1129583/answer", "answerText" : {"_value" : "The Money Laundering Regulations 2017 (\u2018the Regulations\u2019) do not require banks to carry out customer due diligence \u2013 including identity checks\u2014on all existing customers. The Regulations instead require banks to take a proportionate approach to applying customer due diligence checks commensurate with the risk of money laundering. The legal requirements on banks to carry out customer diligence for existing customers are set out in Regulations 27(8)(9) and 29(7). The Joint Money Laundering Steering Group\u2019s guidance provides further detail on applying these requirements. <\/p> The impact assessment for the transposition of the 4th EU Money Laundering Directive (which led to the most recent revision of the regulations) estimates the total cost of the changes made, while concluding that industry has difficulty in identifying costs caused by the money laundering regulations. This is particularly the case for customer due diligence as many of these are costs that a prudent business would take on in any case as a matter of commercial practice, to comply with UN or EU sanctions, or to protect themselves and their customers from fraud. The full impact assessment is available on gov.uk.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/57", "label" : {"_value" : "Biography information for Lord Young of Cookham"}
}
, "answeringMemberPrinted" : {"_value" : "Lord Young of Cookham"}
, "dateOfAnswer" : {"_value" : "2019-06-18", "_datatype" : "dateTime"}
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, "questionFirstAnswered" : [{"_value" : "2019-06-18T15:20:03.29Z", "_datatype" : "dateTime"}
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, "answeringDeptId" : {"_value" : "14"}
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, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2019-06-04", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Bank Services: Proof of Identity"}
, "houseId" : {"_value" : "2"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
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], "questionText" : "To ask Her Majesty's Government whether all existing banking customers must provide proof of identification to banks to check for possible money laundering; if so, under which regulations this policy was brought in; whether an impact assessment was carried out on the costs to customers, particularly those in rural areas, of any such requirements; and what estimate they have made of the total cost of any such policy.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/1807", "label" : {"_value" : "Biography information for Lord Vinson"}
}
, "tablingMemberPrinted" : [{"_value" : "Lord Vinson"}
], "uin" : "HL16068"}
, {"_about" : "http://data.parliament.uk/resources/1130212", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1130212/answer", "answerText" : {"_value" : " The underwriting of insurance risk, including credit risks, is a commercial decision, and Government does not prescribe the terms and conditions insurance companies set when offering insurance. This is important to the proper functioning of the economy. Many of the underlying causes of providers restricting credit insurance cover, wider economic uncertainty and sectoral trends, are outside Government control.<\/p> <\/p> Government is clear that it wants all businesses to thrive now and in the future, and will continue close monitoring of the market and affected sectors. Government is determined to make the UK one of the best places in the world to start and grow a business, and has announced multiple measures to support enterprise. Following the Patient Capital Review, we set out a £20 billion action plan at Budget 2017 to finance firms\u2019 growth.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/57", "label" : {"_value" : "Biography information for Lord Young of Cookham"}
}
, "answeringMemberPrinted" : {"_value" : "Lord Young of Cookham"}
, "dateOfAnswer" : {"_value" : "2019-06-19", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2019-06-19T16:38:56.253Z", "_datatype" : "dateTime"}
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, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2019-06-05", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Credit: Insurance"}
, "houseId" : {"_value" : "2"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
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], "questionText" : "To ask Her Majesty's Government what plans they have to regulate the credit insurance market to ensure that insurance cover adequately protects the supply chain of product-based businesses.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4304", "label" : {"_value" : "Biography information for Lord Allen of Kensington"}
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, "tablingMemberPrinted" : [{"_value" : "Lord Allen of Kensington"}
], "uin" : "HL16073"}
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