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Pension Funds

Volume 973: debated on Thursday 8 November 1979

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asked the Chancellor of the Exchequer what assessment he has made of the outflow of sterling consequent on the ability of pension funds to invest freely overseas.

Pension funds can make their own judgments as to how far to invest abroad. Some outflows are to be expected, but their size and timing cannot be predicted. They will yield an income in the future.