§ Mr. Norman Atkinsonasked the Chancellor of the Exchequer if he will estimate aggregate pension funds invested both home and abroad; and what percentage this represents of total investment.
§ Mr. Ian Stewart[pursuant to his answer, 27 January 1984 c. 712]:
The latest figures are as follows:
Pension fund investment* at end-1981 £ billion† As a percentage of total United Kingdom investment *║ In United Kingdom 56.6 2.9 Overseas 7.4‡ 2.3 Total 64.0 2.8 * Level of tangible assets plus gross financial assets at market value. † Figures from Business Monitor MQ5, Second quarter 1983. ‡ Includes a small amount of estimation for property and other financial assets overseas. ║ Based on provisional, unpublished figures updating the article 'National and sector balance sheets for the United Kingdom', Economic Trends, November 1980.