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"The Chinese stock market crash, and its impact on other markets worldwide, has provoked multiple stories along the lines of £100bn wiped off the value of shares on the FTSE, followed by warnings about how it affects all our pensions. But it doesn’t. There were some extraordinary figures this week from the ONS about share ownership in the UK. How much of the FTSE is owned by British pension funds? A tiny 3%. How much by foreign institutions? 54%.

"Like large swathes of the central London property market, the FTSE may be here but it is increasingly irrelevant to the people of Britain."

Comments

( 7 comments — Leave a comment )
vicarage
5th Sep, 2015 08:16 (UTC)
Pension fund figure unlikely to include SIPPs

Foreign pension funds unvest in ftse, ours in their markets

44% uk owned by someone

All markets are down, its not a ftse specific problem

vicarage
5th Sep, 2015 08:18 (UTC)
Ps what is a problem is the wealth of most people in britain is in housing, a non wealth genering asset theoretically. Like gold, only needs painting
coth
5th Sep, 2015 08:54 (UTC)
Yep.

I found the comment interesting, both in itself and (online at least) in being buried away at the bottom of another semi-related article.
anef
5th Sep, 2015 10:45 (UTC)
I'm puzzled. If British pension funds don't invest in FTSE, what do they invest in? Or is the article saying that British pension funds are actually a lot smaller than I thought?
miramon
5th Sep, 2015 18:38 (UTC)
They probably invest directly in the Chinese stockmarket and are therefore screwed at first-hand rather than secondhand.
anef
6th Sep, 2015 09:46 (UTC)
OK, that makes sense, though 3% in UK equities is a lot smaller than I would have expected. I suppose there's a lot in gilts and bonds.

Edited at 2015-09-06 09:46 (UTC)
doubtingmichael
6th Sep, 2015 00:12 (UTC)
Surely in this context it doesn't matter how much of the FTSE is owned by British pension funds? Surely what matters is what fraction of British pension funds are invested in the FTSE?
( 7 comments — Leave a comment )

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