Pensions

Pension Trends provides a statistical backdrop for the debate on pensions. It looks at changes in pension provision over time in the context of social and economic developments and changes in the policy environment.

This chapter is about how pension schemes ensure that they have the money to fulfil their obligations of paying out benefits to pensioners and their dependents. Specifically, the chapter is about ‘funded’ pension schemes, those in which benefits (the schemes’ liabilities) are met from a fund built up in advance from contributions and returns on investment. It does not cover ‘unfunded’ (or pay-as-you-go) pension schemes – most public sector occupational pension schemes and the state pension system – where liabilities are not underpinned by a fund.

This chapter of Pension Trends looks at the broader picture of saving for retirement by using the second wave of the Wealth and Assets Survey (WAS) to estimate financial, property and private pension saving.

This animated video podcast shows some of the key findings of Pension Trends Chapter 10 – Saving for Retirement.

An inter-departmental multi-purpose continuous survey carried out by the Office for National Statistics collecting information on a range of topics from people living in private households in Great Britain.

Data from the 2011 General Lifestyle Survey on occupational and personal pensions for employees and the pension arrangements of the self-employed. The chapter presents both trends over time and detailed data for the 2011 survey year.

This chapter examines trends in labour market participation and the transition from work to retirement. Labour market activity is important in the context of pensions because earnings from employment help people to build savings and to make private pension contributions to fund their retirement. Employment also builds entitlement to state pension provision. Questions about pressures on pension adequacy and whether people are extending their working lives in response to increasing life expectancy is one reason why the transition from work to retirement is of interest. The chapter begins by looking at how the economic support ratio, a measure of the economic burden on working people, might be affected by the ageing of the UK population. It then examines changes in labour force participation over time, considers labour force participation of older age groups and examines trends in the average age of withdrawal from the labour market.

This chapter examines trends in labour market participation and the transition from work to retirement. Labour market activity is important in the context of pensions because earnings from employment help people to build savings and to make private pension contributions to fund their retirement. Employment also builds entitlement to state pension provision. Questions about pressures on pension adequacy and whether people are extending their working lives in response to increasing life expectancy is one reason why the transition from work to retirement is of interest. The chapter begins by looking at how the economic support ratio, a measure of the economic burden on working people, might be affected by the ageing of the UK population. It then examines changes in labour force participation over time, considers labour force participation of older age groups and examines trends in the average age of withdrawal from the labour market.

Pension Trends provides a statistical backdrop for the debate on pensions. It looks at changes in pension provision over time in the context of social and economic developments and changes in the policy environment.

Pre-release access list for Pension Trends chapter 13 , 2012 edition

A summary of Pension Trends Chapter 12: Household pension resources, reviewing the number of pensioner households in receipt of state benefits (including state retirement pension) and private pensions. It also reviews the proportions of pensioner male, female and couple households by the amount of annual payments received.

Pension Trends provides a statistical backdrop for the debate on pensions. It looks at changes in pension provision over time in the context of social and economic developments and changes in the policy environment.

This chapter looks at inequalities and poverty in retirement. The analysis begins with looking at average incomes and income inequalities of retired and non-retired households over the last three decades. Then it looks at the effect that different sources of income have on a pensioner household’s position within the income distribution. The discussion of income inequality concludes with an exploration of other characteristics associated with a household’s position in the income distribution, such as the type of household, age, ethnicity, employment status and housing tenure. The second part of the chapter investigates alternative measures of pensioner poverty.

Summary for Pension Trends chapter 11, 2012 version. Mean gross income of pensioner units.

This article analyses some of the key trends in the income of retired households between 1977 and 2010/11. This publication is being released alongside more in-depth analysis of the incomes of retired households and pensioners in the biennial chapters 11 - 13 of the publication Pension Trends.

This video summarises the key messages from the Income of Retired Households release.

This release contains the main tables from The Effects of Taxes and Benefits on Household Income publication for 1977 onwards. These tables have been reproduced using the new modified-OECD income equivalisation scale that has been used in this publication from 2009/10.

Pre-release access list for the 2011 Occupational Pension Schemes Survey.

Users of the MQ5 publication frequently comment that they have difficulty in understanding terms and concepts. This glossary contains descriptions of financial terms used within the MQ5 publication. It is being published to aid users with the terminology used.

PDF download of UK Statistics Authority Assessment Report 65 - statistics on pensions

Pension Trends provides a statistical backdrop for the debate on pensions. It looks at changes in pension provision over time in the context of social and economic developments and changes in the policy environment.

Pre release access list for Chapter 8 Pension Trends (2012 edition)

Summary for Pension Trends Chapter 8 Pension contributions

Pension Trends provides a statistical backdrop for the debate on pensions. It looks at changes in pension provision over time in the context of social and economic developments and changes in the policy environment.

Private pensions