Written question asked by Tim Loughton (Conservative) on Thursday, 16 January 1997, in the House of Commons. It was due for an answer on Wednesday, 21 January 1998. It was answered by Baroness Liddell of Coatdyke (Labour) on Wednesday, 21 January 1998 on behalf of the Treasury.

Treasury

Question: To ask Mr Chancellor of the Exchequer, what representations he has received on the Trustee Investment Act 1961; and what plans he has to change the current investment powers of charity trustees.

Answer: Mr. Loughton: To ask the Chancellor of the Exchequer what representations he has received on the Trustee Investment Act 1961; and what plans he has to change the current investment powers of charity trustees. [24423] Mrs. Liddell: The Treasury has received a number of representations on reform of the Trustee Investments Act. The Government understand and accept in principle the case for reform. But any reform must provide a complete and lasting solution. It is unlikely that this could 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 its key policy priorities. Primary legislation to reform the TIA would need to compete for a space in this programme. The Government will keep the position under review and seek to make progress at the earliest opportunity.

Secondary information