Private pension income outperforms the State

In the first Pensions Report, published today, research suggests the average income for a pensioner household has increased by 97% in real terms from £47 a week in 1979, to £306 per week in 2004. The report, part of a series of research pieces published by HBOS, aims to highlight savings and wealth trends in the UK using a range of official statistics from the Department for work and Pensions (DWP) and the Office of National Statistics (ONS). Since the 1970s, the average income received by a pensioners household from private pensions has increased by three times the growth in state pens...