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Written question asked by Mike Wood (Conservative) on Friday, 28 August 2026, in the House of Commons. It was due for an answer on Wednesday, 2 September 2026. It was answered by Lucy Rigby (Labour) on Friday, 4 September 2026 on behalf of the Treasury.


Bradford and Bingley and NRAM: Pension Funds

Question

To ask the Chancellor of the Exchequer, with reference to the UK Asset Resolution Annual Report and Accounts 2025-2026, published 19 August 2026, what proportion of the assets in each of the (a) NRAM and (b) B&B funded defined benefit pension schemes are held in UK equities.

Answer

The NRAM and B&B pension schemes are managed independently from government by Trustees responsible for the schemes’ investment strategy. The schemes’ investments are concentrated in UK-based bonds, with no current equity holdings, reflecting their status as defined benefit schemes closed to new members.


Secondary information

Type
Written question
Reference
20925
Session
2026-27
Subjects
Pension funds Bradford and Bingley NRAM
Contains statistics
Yes
Link
View this Written question on www.parliament.uk