§ Mr. Betts
To ask the Chancellor of the Exchequer what estimate has been made of the extent to which the introduction of PEPs has increased investment in equities, unit trusts or investment trusts by type of investor; and to what extent it has resulted in switching from client equity, unit trust or investment trust investment.
§ Mr. Dorrell
[holding answer 3 March 1993]: Over £6 billion had been invested in personal equity plans by April 1992. Many investors will have been encouraged to invest more in equities and in unit and investment trusts, but the detailed information requested in not available.