Billy Mackay takes a look at recent pension developments and asks whether they will benefit clients and advisers
On 22 June, the Office for National Statistics released a number of interesting "Pension Trends" statistics. A few topical snippets jumped out: Participation in pension schemes in the private sector is falling. In 2010, 39% of male employees and 28% of female employees belonged to an employer-sponsored pension scheme in the private sector. This compared with 52% and 37% respectively in 1997 While membership of employer-sponsored pension schemes fell in the private sector between 1997 and 2010, in the public sector it was unchanged for men (at 87%) and it rose for women (from 75% to...
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