HC Deb 10 December 1997 vol 302 c603W
Mr. Sayeed

To ask the Secretary of State for Social Security what estimate she has made of the total funds invested in order to meet private pension and annuity liabilities in the United Kingdom. [19008]

Mr. Denham

The Government is committed to supporting and strengthening the framework of occupational pensions, and to create a new framework of secure, flexible and value for money second pensions for those who do not have the opportunity of contributing to a second pension, either because they lack the resources or because they do not have access to a decent second pension.

In 1995, the total amount of money invested in private pension funds in the United Kingdom was estimated to be £750 billion. This includes financial assets in all funded occupational pension schemes and personal pensions, including retirement annuity contracts.

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