Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what assessment he has made of the effect of the change in the value of the pound since following the EU referendum on private pension funds.

There has been some turbulence in financial markets following the vote to leave the EU, including a sharp adjustment to the price of sterling. However, markets have continued to function effectively, and we will continue to work closely with the Bank of England to provide stability and support to markets. HM Treasury does not make direct assessments of the value and funding position of private pension funds.