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To ask His Majesty's Government what assessment they have made of (1) the sale of the Boots Pension scheme to an insurance company and (2) the effect of this sale on the protection provided to the pensions held in the Boots Pension scheme by the Pension Protection Fund.
To ask His Majesty's Government what assessment they have made of (1) the sale of the Boots Pension scheme to an insurance company and (2) the effect of this sale on the protection provided to the pensions held in the Boots Pension scheme by the Pension Protection Fund.
When a Defined Benefit pension scheme transfers responsibility for paying some or all of its members’ benefits to an insurer, the scheme pays a premium to the insurance company, which then takes on responsibility for paying the promised benefits. This is a well-established approach used by pension scheme trustees to secure the promised pensions for members with an insurance company.
Arrangements to provide pension benefits to some or all scheme members with an insurer are secure and offer long term protection for member benefits. Insurance companies are regulated by the Prudential Regulation Authority and their policy holders are protected by the Financial Services Compensation Scheme.
Pension Protection Fund protection is retained until the whole scheme is transferred to an insurer, and both the sponsor and the trustees are discharged. At that point the members are no longer protected by the Pension Protection Fund. This is because all benefits are now secured with an insurance company.
No assessments of individual schemes are made by Government.
Agreed to on question.
Agreed to on question.
May I start by welcoming you to the Chair, Madam Deputy Speaker? I congratulate you on your election earlier this week. I also congratulate the hon. Member for Twickenham (Munira Wilson) on securing a debate that is absolutely crucial, not just given the specifics of the case in her constituency,...
May I start by welcoming you to the Chair, Madam Deputy Speaker? I congratulate you on your election earlier this week. I also congratulate the hon. Member for Twickenham (Munira Wilson) on securing a debate that is absolutely crucial, not just given the specifics of the case in her constituency,...
I completely understand the case the hon. Lady is making. I ask her please to understand that she is pushing on a bit of an open door. It is a completely different subject, but I have had exactly the same arguments about bank closures in my constituency. I am told...
I completely understand the case the hon. Lady is making. I ask her please to understand that she is pushing on a bit of an open door. It is a completely different subject, but I have had exactly the same arguments about bank closures in my constituency. I am told...
We are very committed, as I hope the hon. Lady knows, to the workforce plan being as robust as it can be, so we do not just get the pharmacists of the future but the doctors, nurses, healthcare workers and so on too. On the journey to a national health...
We are very committed, as I hope the hon. Lady knows, to the workforce plan being as robust as it can be, so we do not just get the pharmacists of the future but the doctors, nurses, healthcare workers and so on too. On the journey to a national health...
May I start by congratulating you, Madam Deputy Speaker, on your election? It is a pleasure to see you in the Chair. I also congratulate the Minister on his appointment. We have worked closely together in recent years in the all-party parliamentary group on kinship care, so I have no...
May I start by congratulating you, Madam Deputy Speaker, on your election? It is a pleasure to see you in the Chair. I also congratulate the Minister on his appointment. We have worked closely together in recent years in the all-party parliamentary group on kinship care, so I have no...
Is my hon. Friend aware of the issue of overwhelmed surgeries referring increasing numbers of patients to local pharmacists? I have seen it in my Lewes constituency. Does she agree that this will only contribute further to closures?
Is my hon. Friend aware of the issue of overwhelmed surgeries referring increasing numbers of patients to local pharmacists? I have seen it in my Lewes constituency. Does she agree that this will only contribute further to closures?
I thank my hon. Friend for his intervention, and I congratulate him on his excellent maiden speech. I completely agree with him. We want doctors to use community pharmacy more to alleviate the pressure on other parts of the health service, but frankly, if the pharmacies are not there, the...
I thank my hon. Friend for his intervention, and I congratulate him on his excellent maiden speech. I completely agree with him. We want doctors to use community pharmacy more to alleviate the pressure on other parts of the health service, but frankly, if the pharmacies are not there, the...
On the point about the 20-minute walk and the four in five statistic, does the Minister recognise that a 20-minute walk for me or him is actually much longer for an elderly person or somebody with multiple health conditions or mobility issues? We have to work out what measure we...
On the point about the 20-minute walk and the four in five statistic, does the Minister recognise that a 20-minute walk for me or him is actually much longer for an elderly person or somebody with multiple health conditions or mobility issues? We have to work out what measure we...
I welcome the Government’s support for strengthening the pharmacy sector. The Minister talks about the workforce. Residents in my constituency have raised concerns about the pressure on pharmacists to take on more and more services that might traditionally have been provided by primary care. What assurances can he give me...
I welcome the Government’s support for strengthening the pharmacy sector. The Minister talks about the workforce. Residents in my constituency have raised concerns about the pressure on pharmacists to take on more and more services that might traditionally have been provided by primary care. What assurances can he give me...
To ask the Secretary of State for Business and Trade, whether she has had discussions with Boots on the potential impact of its planned store closures.
To ask the Secretary of State for Business and Trade, whether she has had discussions with Boots on the potential impact of its planned store closures.
I recognise the retail sector is going through a difficult transition as it responds to market pressures from a range of factors including changing consumer expectations and behaviour towards online shopping. The Department has regular, ongoing discussions with Boots and a number of retail businesses on a range of subjects.
As you will be aware, the Government has no role in the strategic direction or management of private businesses.
Boots Pharmacy closures in Hull North
The petition of residents of the constituency of Kingston Upon Hull North,
Declares that the Boots pharmacies in Hull North should not be closed; notes in particular residents’ concerns about losing the pharmacies at 860 Beverley Road and 132 Chanterlands Avenue; further notes that pharmacies play...
Boots Pharmacy closures in Hull North
The petition of residents of the constituency of Kingston Upon Hull North,
Declares that the Boots pharmacies in Hull North should not be closed; notes in particular residents’ concerns about losing the pharmacies at 860 Beverley Road and 132 Chanterlands Avenue; further notes that pharmacies play...
Boots Pharmacy closures in Hull North
I rise to present this petition, mirroring the Boots pharmacy closures petition on my website, currently signed by over 430 Hull North constituents. Cuts to pharmacies are part of the wider crisis in the NHS, including GP shortages and in dentistry, in the most deprived...
Boots Pharmacy closures in Hull North
I rise to present this petition, mirroring the Boots pharmacy closures petition on my website, currently signed by over 430 Hull North constituents. Cuts to pharmacies are part of the wider crisis in the NHS, including GP shortages and in dentistry, in the most deprived...
To ask the Secretary of State for Business, Energy and Industrial Strategy, what conditions were attached to any financial support provided to Boots.
To ask the Secretary of State for Business, Energy and Industrial Strategy, what conditions were attached to any financial support provided to Boots.
The Government released an unprecedented package of support, including loan schemes, grant funding and wage packages, to help as many individuals and business as possible during the coronavirus (COVID-19) pandemic. For commercial confidentiality reasons, the British Business Bank cannot disclose whether companies are or are not in receipt of support without their approval. Any financial support provided (if provided) would be subject to the terms and conditions of the specific scheme.
To ask the Minister for the Cabinet Office, what the (a) (i) content and (ii) value was of and (b) process was for contracts awarded to (A) Deloitte, (B) KPMG, (C) Serco, (D) Sodexo, (E) Mitie, (F) Boots and (G) Palantir in response to the covid-19 outbreak.
To ask the Minister for the Cabinet Office, what the (a) (i) content and (ii) value was of and (b) process was for contracts awarded to (A) Deloitte, (B) KPMG, (C) Serco, (D) Sodexo, (E) Mitie, (F) Boots and (G) Palantir in response to the covid-19 outbreak.
Details of central government contracts above £10,000 are published on Contracts Finder: https://www.contractsfinder.service.gov.uk/Search
It is a pleasure to serve under your chairmanship, Sir David. I thank the hon. Member for Halifax (Holly Lynch) for bringing forward this issue, which is important for the whole country. Community pharmacies play a vital role wherever they are, but that is especially so in large dispersed rural...
It is a pleasure to serve under your chairmanship, Sir David. I thank the hon. Member for Halifax (Holly Lynch) for bringing forward this issue, which is important for the whole country. Community pharmacies play a vital role wherever they are, but that is especially so in large dispersed rural...
It is a pleasure to serve under your chairmanship, Sir David. I thank my hon. Friend the Member for Halifax (Holly Lynch) for securing this important and pertinent debate and for giving me an opportunity to raise an issue of great concern to residents of Heywood and Middleton.
We know that...
It is a pleasure to serve under your chairmanship, Sir David. I thank my hon. Friend the Member for Halifax (Holly Lynch) for securing this important and pertinent debate and for giving me an opportunity to raise an issue of great concern to residents of Heywood and Middleton.
We know that...
I thank the hon. Gentleman for his intervention. I am not standing here to cause panic; I have spent a long time not trying to cause panic, but I have been wondering what will happen if the medications that people rely on do not arrive, because that really is a...
I thank the hon. Gentleman for his intervention. I am not standing here to cause panic; I have spent a long time not trying to cause panic, but I have been wondering what will happen if the medications that people rely on do not arrive, because that really is a...
I beg to move,
That this House has considered the role of community pharmacies.
May I say what a pleasure it is, Sir David, to serve under your chairship this morning, and to have you join us for this important debate?
Between the ages of 14 and 18 I worked in a local...
I beg to move,
That this House has considered the role of community pharmacies.
May I say what a pleasure it is, Sir David, to serve under your chairship this morning, and to have you join us for this important debate?
Between the ages of 14 and 18 I worked in a local...
I could not agree more. I thank the hon. Gentleman for making that important point. It was very welcome that in the community pharmacy contractual framework—for the first time, I think—the Government really did understand that. However, the funding to allow pharmacies to survive long enough to deliver those services...
I could not agree more. I thank the hon. Gentleman for making that important point. It was very welcome that in the community pharmacy contractual framework—for the first time, I think—the Government really did understand that. However, the funding to allow pharmacies to survive long enough to deliver those services...