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Personal Pensions

Volume 458: debated on Monday 19 March 2007

To ask the Secretary of State for Work and Pensions whether an investor in a personal account to be established under the provisions of the Pensions Bill will have the option to invest in (a) their local economy, (b) ethical funds, (c) green funds and (d) infrastructure projects for the local community. (127522)

It will be up to the Personal Accounts Delivery Authority to decide on the appropriate investment funds to be offered to members taking into account any legal requirements and objectives, for example to run personal accounts in the best interests of members. We expect this will include a choice of social, environmental and ethical funds and branded funds.