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Parliamentary Questions - Various
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Contact: Rachel Le Brocq Date: 1 May 2007 |
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House of Lords Written Question - 23 April 2007 - National Savings and Investments
Baroness Noakes asked Her Majesty's Government: How much money is held with National Savings and Investments in accounts which are now dormant; and what is the value of products sold by National Savings and Investments which are now unclaimed.
Lord Davies of Oldham: National Savings and Investments estimates that there is £993 million of unclaimed money held across all of their products, of which £435.7 million is held in dormant accounts. These figures have been calculated using definitions for unclaimed assets and dormant accounts that were agreed by the Government and the financial services industry and published in the 2005 Pre-Budget Report.
House of Commons Written Question - 16 April 2007 - Energy Performance Estimates (Green Mortgages)
Michael Gove MP (Con, Surrey Heath): To ask the Secretary of State for Communities and Local Government how many lenders offer a green mortgage in preparation for the introduction of energy performance estimates; and if she will make a statement.
Yvette Cooper MP (Lab, Pontefract and Castleford): We are aware of four lending bodies who currently offer 'green mortgage' products, others have said they are interested in developing products. As the Chancellor stated in the Budget, the Government expect the introduction of Energy Performance Certificates and other initiatives to provide the potential for the market for 'green' financial products to develop further.
House of Commons Written Question - 24 April 2007 - Companies: Savings
Iain Wright MP (Lab, Hartlepool): To ask the Secretary of State for Trade and Industry if he will take steps to ensure that money paid by employees into Christmas and holiday savings schemes administered by their employers is protected in the event that the company goes into administration.
Ian McCartney MP (Lab, Makerfield): As we have recently announced, the Christmas Savings Scheme industry (also known as the hamper industry) will be introducing safeguards for pre-payments made by customers through independently controlled, ring-fenced trust accounts. The trust accounts will be controlled by independent trustees, not by the companies, with money credited to customers in the event of the company going into insolvency. Employees taking part in Christmas savings schemes administered by employers who have signed up to these proposals will receive the same protection as any other customer. Although the scheme is voluntary, we would expect new players to this industry to comply with these standards.
