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1003664

registered interest
date	09/11/2018
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	Musicians: British Nationals Abroad
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Digital, Culture, Media and Sport, what assessment he has made of the effect of leaving the Digital Single Market on the royalties earned in EU countries by UK musicians.
tabling member constituency	Bury North
tabling member printed	James Frith
uin	189800
answer	answer is ministerial correction date of answer 14/11/2018 answer text <p>No such assessment has been made to date. This is because rights holders tend to use collective management organisation (CMOs) to collect and distribute royalties earned in other EU countries. UK and EU CMOs enter into reciprocal agreements with each other to do this. These are private commercial agreements between the parties which we would expect to continue after the UK has exited the Digital Single Market.</p> answering member constituency East Surrey answering member printed Mr Sam Gyimah question first answered 14/11/2018 18:00:14 answering member 3980 label Biography information for Mr Sam Gyimah
tabling member	4637 label Biography information for James Frith

837338

registered interest
date	05/02/2018
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Pensions: Personal Savings
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what estimate he has made of the number of people who have withdrawn their retirement savings from a private pension in the last 12 months; and what assessment he has made of the long-term effect of the early withdrawal of those retirement savings on the retirement incomes of those people.
tabling member constituency	Bury North
tabling member printed	James Frith
uin	126457
answer	answer is ministerial correction date of answer 12/02/2018 answer text <p>Between Q2 2016 and Q1 2017, individuals accessed over £6.4 billion from defined contribution pension pots through 1.4 million payments.</p><p> </p><p>Early evidence collected by the Financial Conduct Authority (FCA) and HMRC suggests that individuals are making decisions to cash in small pots while drawing down a steadier income stream from larger pension pots. However, as of March 2017, 5.8 million defined contribution pots eligible for withdrawal, or 80% of all eligible pots, remained untouched. Overall it is too early to draw definitive behavioural lessons from the data that is currently available on withdrawals from defined contribution pots, given that pension freedoms have only been in place for little over two years.</p><p> </p><p>The FCA is also undertaking a review of the post-freedoms retirement market and published its Retirement Outcomes Review interim report in July 2017. The final report is due to be published in the first half of 2018. The Government welcomes the FCA’s work in this area, awaits the publication of the final report, and will carefully consider any recommendations contained within it.</p> answering member constituency Salisbury answering member printed John Glen question first answered 12/02/2018 15:30:06 answering member 4051 label Biography information for John Glen
tabling member	4637 label Biography information for James Frith