By Charlie Conchie Jeremy Hunt and Rachel Reeves have been squaring up to the UK’s pension sector in recent months with threats to strong-arm money managers into backing homegrown British companies. However, data suggests they might do well to start closer to home. The MPs’ pension fund – the Parliamentary Contributory Pension Fund (PCPF) – which pools MPs’ retirement cash and counts the chair of the Treasury Select Committee Harriet Baldwin among its trustees – has ditched UK equities rapidly over the past seven years. At its peak in 2017, the fund held £130m in UK equities. However, at the l…