§ Mr. Loughton
To ask the Chancellor of the Exchequer what representations he has received on the Trustee Investment Act 1961; and what plans he has to change the current investment powers of charity trustees. 525W
§ Mrs. Liddell
The Treasury has received a number of representations on reform of the Trustee Investments Act.
The Government understand and accept in principle the case for reform. But any reform must provide a complete and lasting solution. It is unlikely that this could be achieved without primary legislation.
The Government are committed to reform in a number of areas and already have a full programme of legislation implementing its key policy priorities. Primary legislation to reform the TIA would need to compete for a space in this programme. The Government will keep the position under review and seek to make progress at the earliest opportunity.