Asked by: Lord Robathan (Conservative - Life peer)
Question to the HM Treasury:
To ask Her Majesty's Government whether they are reviewing the decision not to include Russia in Schedule 3ZA of High-Risk Third Countries in the Money Laundering and Terrorist Financing (Amendment) (High Risk Countries) Regulations 2021; and if not, why not.
Answered by Lord Agnew of Oulton
It has not proved possible to respond to this question in the time available before Prorogation. The Minister will write directly to the Member with a response shortly.
Asked by: Lord Robathan (Conservative - Life peer)
Question to the HM Treasury:
To ask Her Majesty's Government when they intend to implement the public sector exit payment cap and regulations as provided for in Part 9 of the Enterprise Act 2016.
Answered by Lord Bates
The Government is committed to making exit payments fairer to the taxpayer. The public sector exit payment cap was legislated for in the last parliament and requires further consultation before coming into force. We continue to engage with key departments on exit reforms.
Asked by: Lord Robathan (Conservative - Life peer)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, how many (a) Ombudsmen and (b) other staff the Financial Ombudsman Service employs; and what the total staffing cost of this body is.
Answered by Andrea Leadsom - Parliamentary Under-Secretary (Department of Health and Social Care)
This is a matter for the Financial Ombudsman Service (FOS) who are operationally independent from Government.
This question has been passed on to the FOS. The FOS will reply directly to the honourable member by letter. A copy of the letter will be placed in the Library of the House.
Asked by: Lord Robathan (Conservative - Life peer)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what guidance he has issued on the provision of advice to investors by self-invested personal pensions providers.
Answered by Andrea Leadsom - Parliamentary Under-Secretary (Department of Health and Social Care)
The provision of advice to investors by self-invested personal pensions providers is a matter for the Financial Conduct Authority.
The independence of the FCA is vital to the role it provides as a safety net for consumers with complaints against financial services firms. Their credibility, authority and value to consumers would be undermined if it were possible for the Government to intervene in their decision-making.
Asked by: Lord Robathan (Conservative - Life peer)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what guidance has been issued on the qualifications required to become an ombudsman in the Financial Ombudsman Service.
Answered by Andrea Leadsom - Parliamentary Under-Secretary (Department of Health and Social Care)
This is a matter for the Financial Ombudsman Service (FOS) who are operationally independent from Government.
This question has been passed on to the FOS. The FOS will reply directly to the honourable member by letter. A copy of the letter will be placed in the Library of the House.