VerbatimParliament, as it happens

National Wealth Fund: Workplace Pensions

Asked by Mike WoodConservativeTreasuryTabled Answered 4 November 2025UIN 85189

The question

To ask the Chancellor of the Exchequer, which organisation administers the defined contribution staff pension scheme for the National Wealth Fund; and what information her Department holds on the proportion of the funds are invested outside the UK.

Answered by James Murray

The National Wealth Fund selected a pension provider adhering to Cabinet Office guidance. As an operationally independent body, the National Wealth Fund administers its pension scheme in accordance with its framework document and public sector pay guidance.

Verbatim has judged this answer against the question that was actually asked — answered, partly answered, or evaded. Sign in to see the verdict →

Open this question in Verbatim →

Every written question, searchable

155,000 questions tabled since the election, with the answer each department gave — and the ones still unanswered, with the clock running. Free to search.

Search written questions →Read on Verbatim