The number of millionaires in Britain has risen by a third driven by increasing pension wealth, figures from the Office for National Statistics show. The most recent figures, from July 2016, show that there are 3.5m households in the country with more than a million pounds' worth of assets, up from 2.75m in the 2012-14 [...]
The pension deficit of UK blue chips has fallen £9bn since 2016 as FTSE 100 firms race to fill their huge pension black holes, new data shows. The Royal Bank of Scotland poured £4.5bn into its group pension fund last year, joining 51 others on the FTSE 100 index that made “significant” contributions to their [...]
UK state pension ‘must be overhauled’ says think tank Politicians have been urged to show “moral and political” leadership by overhauling the current “unsustainable” UK state pension scheme. A report by the Reform Scotland think-tank said population projections, which show a significant increase in the number of pensioners over the next 25 years, should serve [...]
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