The nations wealth is in pensions but not in DC pots

Private pension wealth is the largest component of household wealth, marginally bigger than total property wealth, and its value has increased by more than that of property wealth too. This reflects a slight cooling in the housing market, while the valuation of pension assets has been pushed up by rising longevity and continued low interest rates (affecting defined-benefit schemes), and more people being auto-enrolled into workplace pensions.

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— Toby Nangle (@toby_n) December 7, 2019

Which adds up to a pension landscape that few in wealth management will recognised

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Further reading

Thanks to the ONS and the Resolution Foundation’s study “who owns all the pie?”

The ONS total wealth and assets survey (2019) can be read from here

 

About henry tapper

Founder of the Pension PlayPen, Director of First Actuarial, partner of Stella, father of Olly . I am the Pension Plowman
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