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Members: Pensions

Volume 492: debated on Friday 8 May 2009

To ask the Leader of the House if she will request from the trustees of the Parliamentary Contributory Pension Fund a report on the degree to which the pooled fund has participated in stock lending in the last 12 months. (273655)

I refer the hon. Member to my answers of 16 March 2009, Official Report, column 966W and 23 March 2009, Official Report, column 43W.

The Trustees are required from time-to-time to consult the Leader of the House on a Statement of Investment Principles (SIP). I expect the Leader to receive a revised SIP from the Trustees later this year.

I also understand that the Trustees will be considering shortly the draft of the 2009 PCPF Annual Review, which is sent to all members of the PCPF. It will be proposed for the Trustees' consideration that the Review should include an article on stock lending with details of the amount of stock being lent.