UK - Pension contributions helped push the average wealth of British adults to £82,400, a study by IBM shows.
The research – The Personal Wealth Report of Britain – took into account savings, property value and pension contributions.
It revealed that pension contributions had helped to push average wealth up by 11%.
Life expectancy in the UK saw no improvement between 2015 and 2017 as the number of people aged over 90 hit a record high, latest Office for National Statistics (ONS) data reveals.
Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), latest Office for National Statistics (ONS) data reveals.
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.