Commissioners For The Reduction Of The National Debt Commissioners For The Reduction Of The National Debt

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COMMISSIONERS FOR THE REDUCTION OF THE NATIONAL DEBT

Department

Commissioners for the Reduction of the National Debt

Chair

Chief Executive

Jo Whelan (Comptroller General)

Classification

Non Ministerial Department

Contact Details

UK Debt Management Office, Eastcheap Court, 11 Philpot Lane, London, EC3M 8UD
Phone: 0207 862 6610
Email: crnd@dmo.gsi.gov.uk

WebSite: www.dmo.gov.uk/

Overview

The Commissioners for the Reduction of the National Debt (CRND)'s main function is the investment and management of government funds, including the National Insurance Fund Investment Account, the National Lottery Distribution Fund Investment Account and the Court Funds Investment Account.

The origins of the CRND can be traced back to the National Debt Reduction Act of 1786. There are nine ex officio Commissioners (The Chancellor of the Exchequer, The Governor and Deputy Governors of the Bank of England, The Speaker of the House of Commons, The Master of the Rolls, The Accountant General of the Senior Courts and the Lord Chief Justice). The CRND's functions are entirely carried out by, and incorporated into, the United Kingdom Debt Management Office (DMO) through the nomination of DMO staff to the two statutory executive roles of the public body, the Comptroller General and the Assistant Comptroller. The operations of the CRND are allocated across the DMO's organisational structure and are carried out by its civil servants. No separate annual report is published for the CRND. Annual accounts are produced for the funds managed although these are not published by the DMO.

PB13 Entry FULL
PB Reform
Regulatory Function No
Chairs Remuneration (p.a. unless otherwise stated)
Chief Executive / Secretary Remuneration
Public Meetings No
Public Minutes No
Register of Interests Yes
Ombudsman
Last Annual Report
Last Review
Audit Arrangements
OCPA Regulated No

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