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Centre for Policy on Ageing | |
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Pension trends
— Chapter 13: Inequalities and poverty in retirement; [and] Chapter 14: Pensions and the National Accounts | | Corporate Author | Office for National Statistics - ONS |
| Publisher | Office for National Statistics - electronic only, 27 January 2010 |
| Source | Weblink: http://www.statistics.gov.uk/pensiontrends/ |
| Keywords | Pensions ; Income [older people] ; Retirement ; Statistics [data]. |
| Annotation | 'Pension trends' draws together statistics from ONS, a number of government departments and other organisations to highlight the complex issues that shape trends in pension provision in the UK. Since its first appearance in hardcopy in 2005, updated chapters have been published on the website (http://www.statistics.gov.uk/pensiontrends/). In March 2009, chapter numbering changed to accommodate areas of interest not previously covered, as is the case here. Chapter 13 uses data predominantly from 'Redistribution of income' (ONS) and 'Households below average income' (DWP) to look at inequalities. This chapter (14 pp) compares average incomes and inequalities of retired and non-retired households over the last three decades. It looks at the effect that different sources of income have on a pensioner household's position within the income distribution. Other characteristics such as age, ethnicity and housing tenure are considered, as are alternative measures of poverty. Chapter 14 considers the ways in which transactions relating to pension provision are incorporated in the National Accounts and contribute to aggregate measures such as Gross Domestic Product (GDP) and the household saving ratio. It notes that in 2008, the savings ratio fell to 1.7%, its lowest level since the late 1950s. Also in 2008, the value of household assets held in life assurance and pension funds fell to £1.8 trillion (128% of GDP) from £2.2 trillion (155% of GDP) in 2007, reflecting falling stock markets at the onset of the recession. This chapter (11 pp) presents statistical tables and graphs based on data from United Kingdom National Accounts: the Blue Book 2009 (ONS) relating to pensions and savings. (RH). |
| Accession Number | CPA-100129001 E |
| Classmark | JJ: JF: G3: 6C |
Data © Centre for Policy on Ageing |
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| ...from the Ageinfo database published by Centre for Policy on Ageing. |
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