Oral Answers to Questions

Andrew Gwynne Excerpts

Monday 11th July 2016 Commons Chamber

[Mr Vara]

I am grateful to my hon. Friend for raising this very important issue. I can give him an assurance that, in 2017, we will review whether the level of the charge cap should change, and whether to include some or all transaction costs in the cap.

[Andrew Gwynne (Denton and Reddish) (Lab)]

The Minister will know that in September last year, in evidence to the Work and Pensions Committee, the Economic Secretary said that if there was not transparency and comparability in fees, the Government would legislate. Does he think there has been transparency? If not, when will he legislate?

[Mr Vara]

The hon. Gentleman raises a good point. We are committed to transparency and openness, and, when opportunity allows, to putting them into place in legislation.