HC Deb 01 August 1972 vol 842 c83W
75. Mr. William Clark

asked the Secretary of State for Social Services whether, in order to safeguard the Reserve Scheme Fund under the Government's proposed new pension proposals from possible political manipulation by any future Government, he will ensure that a Clause whereby the Minister is given the power to direct the publicly appointed Board to take such action as he thinks fit is not included in any Bill introduced for implementing the proposals.

Mr. Dean

It is essential to our proposals that there should be no ministerial power to direct the board in its investment activities.