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Policy paper

National Wealth Fund Framework Document

This document sets out the accountabilities and relationships between the National Wealth Fund (NWF), the Shareholder (HM Treasury) and the Shareholder Representative (UK Government Investments).

From:
HM Treasury and National Wealth Fund
Published
28 May 2026

Documents

Framework Document: National Wealth Fund

PDF, 414 KB, 53 pages

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Details

This document sets out NWF’s core responsibilities and parameters within which it is expected to operate; describes the governance and accountability framework that applies between the Shareholder, the Shareholder Representative and the Company; and sets out how the day-to-day relationship works in practice.

Updates to this page

Published 28 May 2026

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