ONS changes to turn UK into 'nation of savers'

clock •

Changes at the Office for National Statistics (ONS) which will count future pension rights as if they were present income will turn the UK into a nation of savers instantly, the Telegraph reports.

The reforms, the first for 15 years, will 'boost the size' of the economy, increase the amount of public debt and raise the savings ratio. The report said, as a result the body could revise up grow...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Budget 26: Key takeaways for pensions from Healey's first Budget

Budget 26: Key takeaways for pensions from Healey's first Budget

Relatively quiet ahead of major pension reforms coming into force

Holly Roach
clock 29 October 2026 • 3 min read
IHT on pensions gets technical changes ahead of 2027 start

IHT on pensions gets technical changes ahead of 2027 start

Rules on liabilities linked to trusts also tightened

Jen Frost
clock 29 October 2026 • 3 min read
Budget 26: Industry welcomes 'quiet' and 'low-key' Budget for pensions

Budget 26: Industry welcomes 'quiet' and 'low-key' Budget for pensions

Industry says government may be ‘keeping its powder dry’ ahead of Pensions Commission’s final report

Martin Richmond
clock 28 October 2026 • 5 min read
Trustpilot