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The MPs' pension scheme has been accused of making "a mockery" of efforts to encourage investment in the London Stock Exchange.
The £855.5million Parliamentary Contributory Pension Fund had just £12.8million allocated to UK stocks at the end of March, compared to £462.3million in equities listed abroad.
However, the shock findings come after Rachel Reeves unveiled measures to encourage more pension investment in UK assets in a bill to become law next year.
The measures include consolidating assets and taking a reserve legal power to set asset allocation targets if a voluntary approach fails.
Ex-Chancellor Sir Jeremy Hunt said: "If Governments from both parties want pension funds to invest more in the UK, then it rather makes a mockery of things if the parliamentary pension scheme does the opposite."
Charles Hall, who works as head of research at broker Peel Hunt, added: "It's extraordinary that our own MPs have even lower allocation to UK equities than the average pension fund... It's high time the MPs showed some leadership and backed UK companies."
A Treasury spokesman said: "Our pension reforms will channel more of the nation's savings into fast-growing businesses and vital infrastructure across the UK, securing over £50billion for the UK economy by 2030 and boosting retirees' pension pots by nearly £30,000."
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Richard Tice delivers damning verdict on dire growth rates
Reform UK's deputy leader Richard Tice has delivered a damning verdict on Britain's direct growth rates.
In a short social media post, Mr Tice said: "Labour are killing jobs & industry Labour are making us poorer."
Tories blame Rachel Reeves for GDP slump - 'Economic mismanagement!'
Shadow Chancellor Sir Mel Stride has blamed Rachel Reeves after the ONS this morning revealed a slump in GDP growth.
Sir Mel said: “This morning's news that the economy unexpectedly shrank in the three months to October is extremely concerning but it's as a direct result of Labour's economic mismanagement.
“Rachel Reeves promised growth but Labour has no plan for the economy - just their own survival, that's why Reeves presented a Benefits Budget that rewards welfare not work.
“For months, Rachel Reeves has misled the British public. She said she wouldn't raise taxes on working people - she broke that promise again. She insisted there was a black hole in the public finances - but there wasn't.”
UK economy SHRINKS by 0.1% as Rachel Reeves blamed for sparking panic ahead of Budget
The UK economy shrunk by 0.1 per cent in October, according to the latest figures from the Office for National Statistics (ONS).
Monthly GDP is estimated to have fallen following a fall of 0.1 per cent in September and no growth in August.
During the month, the services sector fell by 0.3 per cent, while construction was down 0.6 per cent. However, production grew by 1.1 per cent.
The ONS found that growth on a rolling three-month basis, to October, was down 0.1 per cent.
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