Investment: Property

Treasury written question – answered on 20th February 2019.

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Photo of Lord Myners Lord Myners Non-affiliated

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.

Photo of Lord Bates Lord Bates The Minister of State, Department for International Development

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.

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