Tag: Tom Tugendhat

The below Parliamentary question was asked by Tom Tugendhat on 2016-05-23.

To ask the Secretary of State for Defence, what the cost was for maintaining his Department’s properties classified as void in (a) 2013, (b) 2014 and (c) 2015.

Mark Lancaster

Information on the cost of maintaining Service Family Accommodation (SFA) on Ministry of Defence (MOD) properties classed as void prior to 2014-15 is not held.

For 2014-15 the cost was £5.590 million and for 2015-16 the cost was £5.714 million. This covers the standard cost of retaining SFA when it is vacant, regardless of whether any maintenance is required.

The below Parliamentary question was asked by Tom Tugendhat on 2016-01-27.

To ask Mr Chancellor of the Exchequer, what steps his Department has taken to measure the annual cost of commission and other charges levied on individual private pension plans by financial advisers in the last five years.

Harriett Baldwin

Adviser remuneration is regulated by the Financial Conduct Authority (FCA). Through the Retail Distribution Review (RDR), introduced at the end of 2012, the FCA has taken a number of steps to ensure that adviser remuneration on retail investment business is disclosed in advance of any services required. Product providers no longer have any influence over the remuneration received for advising on investments. Where commission remains on investments sold prior to the RDR, this will have been disclosed as required by the rules in force at the time the product was sold.

The below Parliamentary question was asked by Tom Tugendhat on 2016-01-27.

To ask Mr Chancellor of the Exchequer, what steps his Department has taken to ensure transparency of commission and other charges levied by financial advisers during the sale of financial products to individuals.

Harriett Baldwin

Adviser remuneration is regulated by the Financial Conduct Authority (FCA). Through the Retail Distribution Review (RDR), introduced at the end of 2012, the FCA has taken a number of steps to ensure that adviser remuneration on retail investment business is disclosed in advance of any services required. Product providers no longer have any influence over the remuneration received for advising on investments. Where commission remains on investments sold prior to the RDR, this will have been disclosed as required by the rules in force at the time the product was sold.

The below Parliamentary question was asked by Tom Tugendhat on 2016-09-08.

To ask the Secretary of State for Environment, Food and Rural Affairs, with reference to the announcement on page 4 of her Department’s publication entitled Central Government Funding for Flooding and Coastal Erosion, published in September 2016, that decisions on where to allocate the remaining funding set aside for flood defences have yet to be made, (a) which Department or agency will make those decisions and (b) when she expects those decisions to be made.

Dr Thérèse Coffey

Decisions on allocating the remaining headroom from the £700 million uplift to flood defence and resilience measures announced at Budget 2016 will be made on the basis of a rigorous assessment of local needs and value for money. HM Treasury, in consultation with other government departments including Defra and the Environment Agency, will make allocation decisions in due course.

The below Parliamentary question was asked by Tom Tugendhat on 2016-01-27.

To ask Mr Chancellor of the Exchequer, what steps his Department has taken to ensure transparency of commission and other charges levied by financial advisers on individual pension plans.

Harriett Baldwin

Adviser remuneration is regulated by the Financial Conduct Authority (FCA). Through the Retail Distribution Review (RDR), introduced at the end of 2012, the FCA has taken a number of steps to ensure that adviser remuneration on retail investment business is disclosed in advance of any services required. Product providers no longer have any influence over the remuneration received for advising on investments. Where commission remains on investments sold prior to the RDR, this will have been disclosed as required by the rules in force at the time the product was sold.

The below Parliamentary question was asked by Tom Tugendhat on 2016-10-07.

To ask the Secretary of State for Environment, Food and Rural Affairs, pursuant to the Answer of 13 September 2016 to Question 45646, on what basis she will make recommendations to HM Treasury on allocation of remaining funding from the £700 million uplift to flood defence and resilience measures.

Dr Thérèse Coffey

Proposals to improve flood defences are made by Defra and its agencies on the basis of the economic benefits, which are assessed in terms of the potential flood damages avoided, the current level of risk and the number homes that would be better protected by the scheme.

The below Parliamentary question was asked by Tom Tugendhat on 2016-01-27.

To ask Mr Chancellor of the Exchequer, what information his Department holds on the annual cost of commission and other charges levied by financial advisers during the sale of financial products to individuals in the last five years.

Harriett Baldwin

Adviser remuneration is regulated by the Financial Conduct Authority (FCA). Through the Retail Distribution Review (RDR), introduced at the end of 2012, the FCA has taken a number of steps to ensure that adviser remuneration on retail investment business is disclosed in advance of any services required. Product providers no longer have any influence over the remuneration received for advising on investments. Where commission remains on investments sold prior to the RDR, this will have been disclosed as required by the rules in force at the time the product was sold.

The below Parliamentary question was asked by Tom Tugendhat on 2016-10-07.

To ask the Secretary of State for Environment, Food and Rural Affairs, pursuant to the Answer of 13 September 2016 to Question 45646, how she will assess local needs and value for money to inform decisions on allocating the remaining funding from the £700 million uplift to flood defence and resilience measures.

Dr Thérèse Coffey

Local needs are assessed according to the probability of flooding in the area and the damages that could occur as a result of a flood. Investment options are assessed through an appraisal of the benefits and the costs of potential ways of reducing that risk.

The below Parliamentary question was asked by Tom Tugendhat on 2016-03-02.

To ask Mr Chancellor of the Exchequer, what steps his Department plans to take to ensure full transparency of all charges relating to personal private pensions.

Harriett Baldwin

This question has been passed on to the Financial Conduct Authority (FCA). The FCA will reply to directly to the Honourable member by letter. A copy of the letter will be placed in the Library of the House.

The below Parliamentary question was asked by Tom Tugendhat on 2016-10-07.

To ask the Secretary of State for Environment, Food and Rural Affairs, pursuant to the Answer of 13 September 2016 to Question 45646, when her Department plans to complete the assessment of local needs and value for money to inform decisions on how to allocate remaining funding from the £700 million uplift to flood defence and resilience measures.

Dr Thérèse Coffey

The assessment of local needs is an ongoing process. The Environment Agency and other risk management authorities are responsible for maintaining up to date assessments of local flood risk. This information, together with an assessment of options to reduce risk in each area, provides an ongoing pipeline of potential works.