§ Mr. HobanTo ask the Chancellor of the Exchequer if he will estimate the total value of private pension funds. [63398]
§ Ruth Kelly[holding answer 1 July 2002]The information requested falls within the responsibility of the National Statistician.I have asked him to reply.
Letter from John Pullinger to Mr. Mark Hoban, dated 3 July 2002:
The National Statistician has been asked to reply to your parliamentary question on the total value of private pension funds. I am replying in his absence. [63398]The market value of the funds held by self-administered pension funds was £765 billion at the end of 2000. These are occupational pension funds where the funds are invested in one or more managed schemes or unit trusts.The total value of private pension funds is not available. Private pension funds held by long-term insurance companies are not distinguished from other funds, such as life assurance, within the total long-term fund of the insurance sector on which data are collected by the Office for National Statistics.