Personal Equity Plans

T9.1 - Personal equity plans
Number of plans, amounts subscribed and average subscription per plan

Numbers: thousands; Amounts: £ million

General plans

Single company plans

1987

270

480

1,800

-

-

-

1988

120

200

1,650

-

-

-

1989 and first
quarter of 1990

580

1,600

2,750

-

-

-

1990-91

500

1,600

3,200

-

-

-

1991-92

640

2,260

3,550

110

270

2,450

1992-93

770

3,120

4,050

140

370

2,650

1993-94

1,400

5,830

4,150

190

490

2,550

1994-95

1,430

5,430

3,800

190

470

2,450

1995-96

1,760

6,820

3,900

220

600

2,750

1996-97

2,700

9,920

3,650

370

1,040

2,800

1997-98 (1)

3,140

11,100

3,550

980

1,740

1,800

1998-99

3,860

14,270

3,700

760

1,710

2,250

Total

17,170

62,630

2,960

6,690

Footnotes

1. The increase in the number of plans taken out in 1997-98 reflects shares received as part of the conversion of several building societies into banks which were transferred into general and single company plans. The subscription rules value these shares at the price investors paid for them, usually zero. Therefore they are not reflected in the amounts subscribed, and the average subscriptions per plan are correspondingly reduced.