Overview
- The Parliamentary Contributory Pension Fund reported £12.8 million in UK equities out of £855.5 million in assets at end‑March, versus £462.3 million in overseas stocks.
- The UK equity share edged up only from 1.4% to 1.5% over the year, far below the roughly 12% average for private sector defined benefit schemes.
- Trustees include senior MPs Dame Meg Hillier and Dame Harriett Baldwin, while critics such as Sir Jeremy Hunt, Baroness Altmann and Peel Hunt’s Charles Hall say the scheme should lead by example.
- Rachel Reeves’ reform package advances fund consolidation and a reserve legal power to set asset allocation targets if voluntary steps fall short, alongside the Mansion House Accord’s 5% UK private‑markets pledge by 2030.
- The fund says about 22% of total assets are invested in the UK through bonds, property and infrastructure, and an upcoming strategy update next month includes a further allocation to a new UK investment; the Treasury projects over £50 billion for the economy by 2030.