Parliamentary Contributory Pension Fund

Part of the debate – in the House of Commons at 4:04 pm on 17 October 2011.

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Photo of Angela Eagle Angela Eagle Shadow Leader of the House of Commons 4:04, 17 October 2011

This will be an IPSA scheme. My understanding of it, in my reading of the primary legislation which we all supported prior to the last election, is that the trustees would have the normal legal requirements and fiduciary duties in the new scheme that trustees of other schemes have. That is my understanding. I am looking at the Leader of the House, who does not seem to be shaking his head. I assume that if the Government had a different interpretation, we would have heard about it by now.