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UK pension schemes have among the lowest proportion of funds held in domestic stocks and private assets of any significant global pension market, according to a new report, adding pressure on the government to revive investment in British industry.
Just 4.4 per cent of UK pension assets are held in domestic equities, down from 6 per cent last year and much lower than a 10.1 per cent global average. Only Canada, the Netherlands and Norway have a lower allocation, according to a study by think-tank New Financial.
UK pensions also punch below their weight in private markets, with defined-contribution schemes allocating just 2 per cent to unlisted British equities, rising to only 5 per cent for private-sector defined-benefit schemes and 10 per cent for local government pension schemes.
The report comes as politicians…
