HC Deb 15 May 1995 vol 260 cc39-40W
29. Mr. Flynn

To ask the right hon. Member for Selby, as representing the Church Commissioners what new proposals he has to improve the return of the investments of the Church Commissioners. [22496]

Mr. Alison

DTZ Debenham Thorpe advised on our property investment strategy in March 1994 and is in the course of updating this advice. The commissioners have embarked upon a strategic programme of property sales to rebalance their investment portfolio in the light of that advice.

Our consulting actuaries have advised on our asset allocation strategy. This advice was recently considered at length by the assets committee and has influenced the committee's aim to combine the maximisation of investment return with an acceptable level of risk and diversification in those investments.