Select Committee on House of Commons Members' Fund Report


  8.1  In my judgement, the assets held by the House of Commons Members' Fund as at 30 September 2006 were likely to be more than sufficient to meet the liabilities in respect of existing commitments, including future awards to surviving spouses of former Members receiving benefit, and future administration expenses.

  8.2  In view of the substantial surplus in the Fund consideration could be given to reducing the level of Grant in Aid.

  8.3  In view of the fact that most of the liabilities are expected to increase in line with price inflation, it is recommended that consideration be given to matching these liabilities with index-linked bonds, in order to reduce the potential volatility of the funding position.

C D Daykin, CB FIA

Government Actuary

20 July 2007

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