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Pension And Life Assurance Funds

Volume 116: debated on Monday 11 May 1987

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asked the Chancellor of the Exchequer (1) whether he will publish in the Official Report the figures for the years 1983 to 1986 of the growth in pension and life assurance funds on the same basis as that given in the reply of March 1984, Official Report, column 581, together with information for these and earlier years showing the percentage invested outside the United Kingdom;(2) whether he will bring up to date the figures for the increase in life assurance and pension funds referred to in his reply dated 26 July 1985,

Official Report, column 861; and if he will provide a forecast for 1987.

The latest information on the growth in life assurance and pension funds is published in table 4·5 of the 1986 edition of "United Kingdom National Accounts" (the Central Statistical Office's "Blue Book") which is available in the Library of the House of Commons. An estimate for 1986 is not yet available, nor is a forecast for 1987. A fully comparable estimate of the percentage of the funds invested outside the United Kingdom is not available.

Total Investment Income in 1987–88
Single PeopleMarried Couples
Range of total income (lower limit)(a) Aged under 65(b) Aged 65 and over(a) Aged under 65(b) Aged 65 and over
£ per annum£ million£ million£ million£ million
5,000530850420610
10,000330610700450
15,000330470920540
20,0003805101,280700
30,0006806402,5501,100