HC Deb 05 December 1973 vol 865 cc407-8W
Mr. Meacher

asked the Secretary of State for Social Services what limits, if any, it is proposed shall be placed on, respectively, the Occupational Pensions Board and Reserve Pensions Board regarding the extent to which the Reserve Pensions Board and schemes recognised by the Occupational Pensions Board shall be permitted to invest in property, directly or indirectly ; and what level of investment in property it is estimated will have built up from these sources by 1980, 1990 and 2000.

Mr. Dean

My right hon. Friend has no power to place any such restrictions on the Occupational Pensions Board or the Reserve Pensions Board. On the second part of the Question, it would be impracticable to make any such estimate.