Brits saved £384bn into pensions and life funds over decade

On average, British savers put away £38bn per year into pensions as a whole. In total, UK households accumulated £802bn in all new savings, which includes pensions, shares and deposit savings over the decade. Despite daily reports of retirement saving shortfalls, the figures show UK households have saved 46% more than they did over the course of the 1990s. Allowing for inflation, this is a real-term increase of 14%. "This has been a significant decade for savers in the UK," says Suren Thiru, economist at Lloyds TSB. "The substantial rise of new household savings over the past ten y...