Commissioners for the Reduction of the National Debt - Investment Accounts
National Lottery Distribution Fund Investment Account
The Department for Culture, Media and Sport manages that part of the National Lottery turnover made available to good causes (about 28%) on behalf of the designated Distribution Bodies.
Under Section 32 of the National Lottery etc., Act 1993, CRND invests the proceeds of the Distribution Fund on behalf of the Secretary of State.
Currently, the agreed investment policy is to provide a reasonable return from risk-free, short term, liquid securities and Government-backed deposits.
Regular meetings are held between CRND and the Department for Culture, Media and Sport to review the investment strategy etc., of the Investment Account.