Asked by: Steve Barclay (Conservative - North East Cambridgeshire)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment the Financial Conduct Authority has made of the potential impact of charging active management fees on fund holdings invested in passive index-tracking products on its Consumer Duty and fair value requirements.
Answered by Lucy Rigby - Economic Secretary (HM Treasury)
This is a matter for the Financial Conduct Authority (FCA), which is an independent, non-governmental body. The FCA will respond to the hon. Member, and a copy of the letter will be placed in the Library of the House of Commons.
Asked by: Steve Barclay (Conservative - North East Cambridgeshire)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether the Financial Conduct Authority has undertaken a (a) review and (b) follow-up assessment of the findings of the 2017 Asset Management Market Study; and if he will publish any resulting findings.
Answered by Lucy Rigby - Economic Secretary (HM Treasury)
This is a matter for the Financial Conduct Authority (FCA), which is an independent, non-governmental body. The FCA will respond to the hon. Member, and a copy of the letter will be placed in the Library of the House of Commons.
Asked by: Steve Barclay (Conservative - North East Cambridgeshire)
Question to the Department for Environment, Food and Rural Affairs:
To ask the Secretary of State for Environment, Food and Rural Affairs, whether the Flood and Coastal Erosion Risk Management Partnership Funding formula adequately reflects the economic and strategic value of Grade 1 agricultural land in the Fens; and whether he has considered introducing additional weighting factors for flood defence schemes that protect such land.
Answered by Emma Hardy - Minister of State (Department for Environment, Food and Rural Affairs)
Last October, the Government announced major changes to its flood and coastal erosion funding policy, including removing the old partnership funding formula.
Our funding rules will support farming and rural communities and improve resilience against flood risk across the country.
The previous rules gave higher payment rates for properties than agricultural or environmental benefits. We are now giving equal weighting to all different types of benefits – a positive change for rural areas.
We will review the new policy in 2028 to assess its effectiveness in managing flood and coastal erosion risk, allowing us to see if policy adjustments are needed.
Asked by: Steve Barclay (Conservative - North East Cambridgeshire)
Question to the Ministry of Defence:
To ask the Secretary of State for Defence, with reference to the Westminster Hall debate on the army reserve on 22 April 2026, whether a decision has been taken on any changes to the number of reserve service days in 2026-27.
Answered by Calvin Bailey - Parliamentary Under-Secretary (Ministry of Defence) (Minister for Veterans and People)
The Army does not set a number for RSDs, instead RSD allocations vary by Reservist. The Army manages Reserve workforce expenditure through actual spend monitoring and prioritises funding for activity that directly supports operational outputs.
Asked by: Steve Barclay (Conservative - North East Cambridgeshire)
Question to the Ministry of Defence:
To ask the Secretary of State for Defence, what the planned breakdown is of the £4.2 billion allocated to Reserves in the Defence Investment Plan by (a) service and (b) financial year, for each year between 2026/27 and 2029/30.
Answered by Luke Pollard - Minister of State (Ministry of Defence)
The Defence Investment Plan has set out how we will be investing over £76 billion on people and veterans over the next four years, including £4.2 billion on the reserves.
Individual annual settlements will be subject to planning cycles.