§ Mr. Matthew BanksTo ask the Chancellor of the Exchequer what plans he has to amend the Trustee Investments Act 1961 to relax the proportion of wider to narrower range investments for all trusts in line with the change announced for charities. [17105]
§ Mr. NelsonI am able to announce that the Government intend to undertake a consultation exercise to establish the views of trustees, and other interested parties, on the proposal to amend the Trustee Investments Act 1961 to increase the proportion of wider to narrower range investments from 50:50 to 75:25 for all trusts. A consultation document has been issued for this purpose.