Net disinvestment of £12 billion was reported by insurance companies, pension funds and trusts in Quarter 3 (July to September) of 2018.
This was the first time since comparable records began in 1987 that three consecutive quarters of net disinvestment have been reported by these institutions; to put this into context, the five-year quarterly average for this series is net investment of £2 billion.
In Quarter 3 2018, the overall net disinvestment of £12 billion by these institutions was caused mainly by net disinvestment in short-term assets (£15 billion), UK corporate securities (£8 billion) and overseas securities (£3 billion); this was offset in part by net investment of £7 billion in UK government securities and £6 billion in other assets (mainly mutual funds).
Investment choices of financial institutions based on financial transactions (investments and disinvestments), including balance sheet data for short-term assets and liabilities, and income and expenditure data.
Using information from the national accounts, this article addresses 2 questions of interest for the UK economy: how much money is there in funded pensions and insurance and how has this picture changed over time?
Contributions to private (non-state) pensions. Private pensions considered are: occupational schemes for private sector and public sector employees; and personal pensions, including group personal and stakeholder pensions.