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Speech in Commons Chamber - Wed 22 Sep 2021
Compensation (London Capital & Finance plc and Fraud Compensation Fund) Bill

"We have to remember that we are dealing with a large number of people. It is not just one company with 50 or 60 people who are victims; there are thousands of victims that we know of and probably many more than we do not know of, and the amounts …..."
Peter Grant - View Speech

View all Peter Grant (SNP - Glenrothes) contributions to the debate on: Compensation (London Capital & Finance plc and Fraud Compensation Fund) Bill
Speech in Commons Chamber - Wed 22 Sep 2021
Compensation (London Capital & Finance plc and Fraud Compensation Fund) Bill

"There is clearly a need to specify which kinds of investment losses might be compensated, and which ones will not be. Given that the Financial Conduct Authority has outlawed the targeting of mini-bonds at retail investors, is that a clear indication that something was fundamentally flawed with all selling of …..."
Peter Grant - View Speech

View all Peter Grant (SNP - Glenrothes) contributions to the debate on: Compensation (London Capital & Finance plc and Fraud Compensation Fund) Bill
Speech in Commons Chamber - Wed 22 Sep 2021
Compensation (London Capital & Finance plc and Fraud Compensation Fund) Bill

"The SNP will, as we indicated, support the Bill on Third Reading. I thank everyone who contributed to the debate today. There were a number of interesting contributions on my amendment. I understand why some people did not feel they could support it in its entirety, but I was very …..."
Peter Grant - View Speech

View all Peter Grant (SNP - Glenrothes) contributions to the debate on: Compensation (London Capital & Finance plc and Fraud Compensation Fund) Bill
Speech in Commons Chamber - Mon 13 Sep 2021
Oral Answers to Questions

"This morning, the Secretary of State claimed to know exactly how many extra hours a universal credit claimant would have to work to make up the £20 by which the benefit is to be cut; this afternoon, she admitted to the House that she had no idea of the answer …..."
Peter Grant - View Speech

View all Peter Grant (SNP - Glenrothes) contributions to the debate on: Oral Answers to Questions
Written Question
Universal Credit
Monday 6th September 2021

Asked by: Peter Grant (Scottish National Party - Glenrothes)

Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, pursuant to the Answer of 18 May 2021 to Question 1111 on Universal Credit, what progress she is making on automating the identification of claimants impacted by the decision of the Court of Appeal in June 2020 in the case of Johnson, Woods, Barrett and Stewart v. the Secretary of State for Work and Pensions.

Answered by Will Quince

We have successfully delivered the automation which allows us to identify and take action when claimants are impacted by two earnings in the one assessment period.

Written Question
National Insurance
Monday 12th July 2021

Asked by: Peter Grant (Scottish National Party - Glenrothes)

Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, what steps her Department is taking to help ensure that requests for National Insurance numbers are processed in an efficient and timely manner for people who have been granted a Turkish Businessperson visa.

Answered by Guy Opperman

We recently reviewed the National Insurance number process for Turkish Businesspersons and introduced a more streamlined process for this group on 9th June 2021. The new process accepts the Biometric Residence Permit as evidence of their self-employment, removing the previous need for them to provide evidence that they were gainfully self-employed.

Speech in Public Bill Committees - Tue 15 Jun 2021
Compensation (London Capital & Finance plc and Fraud Compensation Fund) Bill (First sitting)

"Q May I start with the witnesses from the Financial Services Compensation Scheme? I am happy to let you decide among yourselves who is best placed to answer. One of the major problems with LCF was that mini-bonds were unregulated, and the same applies to a lot of other …..."
Peter Grant - View Speech

View all Peter Grant (SNP - Glenrothes) contributions to the debate on: Compensation (London Capital & Finance plc and Fraud Compensation Fund) Bill (First sitting)
Speech in Public Bill Committees - Tue 15 Jun 2021
Compensation (London Capital & Finance plc and Fraud Compensation Fund) Bill (First sitting)

"Q Are you able to give an indication of how many claims or inquiries the scheme receives from people who turn out not to be entitled to compensation because their investments were unregulated?

Simon Wilson: Unfortunately, I cannot give an accurate figure, but I would be happy to look …..."
Peter Grant - View Speech

View all Peter Grant (SNP - Glenrothes) contributions to the debate on: Compensation (London Capital & Finance plc and Fraud Compensation Fund) Bill (First sitting)
Speech in Public Bill Committees - Tue 15 Jun 2021
Compensation (London Capital & Finance plc and Fraud Compensation Fund) Bill (First sitting)

"Q I appreciate that you did not have notice of the question, but would it be fair to say that a number of investors come to the Financial Services Compensation Scheme and discover that their investments are not covered?

Simon Wilson: We certainly get calls and contact from our …..."
Peter Grant - View Speech

View all Peter Grant (SNP - Glenrothes) contributions to the debate on: Compensation (London Capital & Finance plc and Fraud Compensation Fund) Bill (First sitting)
Speech in Public Bill Committees - Tue 15 Jun 2021
Compensation (London Capital & Finance plc and Fraud Compensation Fund) Bill (First sitting)

"Q I shall direct my questions on the Financial Conduct Authority to Ms Howard, but if she wants to pass them on to Mr Jones please feel free to do so. The Financial Conduct Authority uses the term “unsophisticated investors” to described investors for whom investment is not a …..."
Peter Grant - View Speech

View all Peter Grant (SNP - Glenrothes) contributions to the debate on: Compensation (London Capital & Finance plc and Fraud Compensation Fund) Bill (First sitting)