Parliamentary Contributory Pension Fund

Cabinet Office written question – answered on 2nd March 2017.

Alert me about debates like this

Photo of Caroline Lucas Caroline Lucas Co-Leader of the Green Party

To ask the Minister for the Cabinet Office, for what reasons the Financial Reporting Council placed the Parliamentary Contributory Pension Fund in the secondary tier for compliance with the Financial Stewardship code; and if he will make a statement.

Photo of Ben Gummer Ben Gummer The Paymaster General and Minister for the Cabinet Office

The Financial Reporting Council assessed asset owners based on the quality of their written statement of compliance with the Stewardship Code.

The Stewardship Code is available at www.frc.org.uk/Our-Work/Publications/Corporate-Governance/UK-Stewardship-Code-September-2012.pdf.

The Trustees’ Secretariat are revising their statement of compliance to more accurately reflect the stewardship work that is currently being undertaken by the PCPF. The Fund aims to achieve tier 1 status once this work is complete.

Does this answer the above question?

Yes0 people think so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.