§ Mr. QuinnTo ask the Chancellor of the Exchequer when he plans to bring forward a proposal under the Deregulation and Contracting Out Act 1994 to amend the Trustee Investments Act 1961. [74962]
§ Ms HewittThe Government accept in principle the case for reform of the Trustee Investments Act 1961. But any reform must provide a complete and lasting solution, which is not likely to 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 their key policy priorities. The Government will keep the position under review and seek to make progress at the earliest opportunity.
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