Thank you — your vote has been counted.

In 1997, UK pension funds invested 53% of their assets in British shares. Roughly how much was left by 2021?

  • A - 35% 52 votes (19.2%)
  • B - 20% 57 votes (21.0%)
  • C - 12% 73 votes (26.9%)
  • D - 6% 89 votes (32.8%)

Total votes: 271

Answer: D — 6%.

Parliamentary research citing New Financial shows the allocation falling from 53% in 1997 to just 6% in 2021. More recent government analysis tells the same story: domestic exposure within defined-contribution funds’ listed-equity investments fell from 40% in 2012 to 8% in 2023.