Tag: Workplace pensions


30

May 2022

Half of Consumers are Have Nots

51% of consumers are financial Have Nots Based on their ownership of a range of financial assets, including cash savings, retail investments, private and workplace pensions, consumers split into two roughly equal camps. 51% fall into the Have Nots camp and 49% into the Haves camp. Haves, as their name implies, own a wide range of financial assets and are especially likely to hold some...

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03

May 2022

Seven-in-ten consumers have a workplace pension

67% of consumers own a workplace pension While 67% of consumers own at least one type of workplace pension, seven in ten of workplace pension holders have a workplace pension with their current employer.  Affluent consumers, especially those in intermediate or senior managerial positions, who are working full time are the most likely to own a workplace pension. Working full time and being aged between...

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05

Apr 2022

58% of consumers own a DC pension

Almost £80,000 held, on average, in DC pensions 58% of consumers own at least one type of DC pension. Among DC pension holders,  over eight-in-ten own a private pension (mainly a standard or stakeholder pension) and around six-in-ten own a workplace pension, with 40% of DC pension holders also owning a DB pension. The average UK consumer with either a private or workplace DC pension...

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