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In 1997, UK pension funds invested 53% of their assets in British shares. Roughly how much was left by 2021?
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A - 35%
54 votes (19.0%)
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B - 20%
59 votes (20.8%)
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C - 12%
79 votes (27.8%)
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D - 6%
92 votes (32.4%)
Total votes: 284
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.