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661831

registered interest
date	19/12/2016
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, if he will assess the balance of the Mineworkers' Pension Scheme surplus-sharing arrangements.
tabling member constituency	Gedling
tabling member printed	Vernon Coaker
uin	58345
answer	answer is ministerial correction date of answer 09/01/2017 answer text <p>The presence of the guarantee has enabled the scheme trustees to invest so as to target surpluses; this has resulted in a 30% increase in payments to members. For this reason, we believe the existing arrangements work well and are fair to all parties.</p><p> </p><p> </p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 09/01/2017 10:50:49 answering member 3991 label Biography information for Jesse Norman
tabling member	360 label Biography information for Lord Coaker

598341

registered interest
date	10/10/2016
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, if he will assess the balance of the Mineworkers' Pension Scheme surplus-sharing arrangements.
tabling member constituency	Easington
tabling member printed	Grahame Morris
uin	47614
answer	answer is ministerial correction date of answer 21/10/2016 answer text <p>The existing surplus-sharing arrangements have worked well to date. The presence of the Guarantee has given the Trustees, who are responsible for managing the Scheme and are independent of Government, the freedom to invest in a way that has generated surpluses and, as a consequence, bonuses to members.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 21/10/2016 10:06:21 answering member 3991 label Biography information for Jesse Norman
tabling member	3973 label Biography information for Grahame Morris