To ask Her Majesty's Government what steps they are taking to ensure that the risk balance of portfolios of open-ended property funds are not, and will not be, distorted by favouring redeeming investors.
This is a matter for the Financial Conduct Authority (FCA), which is operationally independent from Government. The question has been passed on to the FCA. The FCA will reply directly to Lord Myners by letter. A copy of the letter will be placed in the Library of the House.