• Parliamentary Contributory Pension Fund (PCPF) and climate change

    15 December 2017

    Dear Constituent

    Thank you for contacting me about the Parliamentary Contributory Pension Fund (PCPF) and climate change.

    I would like to assure you that the Government continues to recognise that climate change is one of the most serious long-term economic threats that this country and this world faces.

    Members of the Government do not, by convention, formally support such campaigns, as doing so is likely to breach the Ministerial Code's rules on collective responsibility.

    However, I am proud of the Government's record on addressing climate change. The UK has played a leading role as the world has worked towards a global deal to reduce greenhouse gas emissions.

    The PCPF is a funded defined benefit pension scheme, managed by Trustees in line with scheme rules and any relevant legislation. The Independent Parliamentary Standards Authority is responsible for oversight of the scheme. Therefore, changes related to divestment would not be a decision for the Government

    Thank you again for taking the time to contact me.

    Yours sincerely

    Mel Stride

    MP for Central Devon

    Financial Secretary to the Treasury and Paymaster General