Question to the HM Treasury:

To ask His Majesty's Government why grandparents cannot manage the online investment of existing junior independent savings accounts, and whether they plan to review this.

Answered by Lord Livermore - Financial Secretary (HM Treasury)

To ensure that the Junior Individual Savings Accounts (JISA) regime remains simple and sustainable, HMRC restrict who can open and manage an account to prevent more than one JISA of each type (cash or stocks and shares) being opened in error. It also ensures that there is a single point of contact for the giving of instructions. Given the nature of the role, the ISA rules require this to be someone with parental responsibility for the child. A grandparent who does not have parental responsibility is therefore unable to open or manage a Junior ISA on behalf of their grandchild but can add funds to the account, up to the value of £9,000 a year.

The Government continues to keep all aspects of savings policy under review.

Question to the HM Treasury:

To ask His Majesty's Government what progress has been made in addressing alleged hidden commission payments in the vehicle trade.

Answered by Lord Livermore - Financial Secretary (HM Treasury)

This is a complicated issue and the government is working closely with the Financial Conduct Authority and Prudential Regulation Authority. The government is pleased that the Supreme Court will hear an appeal from 1-3 April and hopes that its judgment will provide clarity for firms and consumers

Found: Great British Energy Bill 2 Clause 3 LORD NASEBY 8_ Clause 3, page 2, line 13, after “encouraging

Found: Great British Energy Bill 2 Clause 3 LORD NASEBY _ Clause 3, page 2, line 13, after “encouraging

Found: Clause 3 LORD NASEBY ★_ Clause 3, page 2, line 13, after “encouraging” insert “investing in