This report provides new empirical evidence on the level and distribution of retirement saving in England. For the first time in recent years, we have been able to estimate accrued state and private pension wealth to include in our measures of retirement saving. We use new data on 4,687...

In this report, we examine the long-run fiscal pressures that an independent Scotland may face, how these would differ from those facing the UK, and the size of the fiscal consolidation that may be required to put Scotland's public finances on a sustainable path. We do this using a model of the...

Since 1995, employment rates of men in their 50s and 60s have steadily increased, following a long period of decline from the late 1960s. At the same time, employment rates of older women have continued to increase. This growth in employment rates was only somewhat arrested during the recent...

The accumulation (and "decumulation") of wealth is a process that has come increasingly under the spotlight in recent years. There is growing policy and societal interest in understanding when, how and why households are building up (and running down) wealth, how this differs between different...

This report looks at the level of wealth and the rate of saving of households in the UK on the eve of the global economic crisis. Our approach is to use microdata sources to look at the extent to which wealth holdings and saving rates vary across individuals. We use the British Household Panel...

A significant reform of the UK's state pension system is currently being enacted. From 2016-17, the basic state pension and state second pension will be replaced by a new single-tier pension for everyone below the state pension age (SPA). This will bring an end to earnings-related state pension...

This report, funded by the National Association of Pension Funds and the Economic and Social Research Council, examines a range of quantitative evidence to shed light on how current older cohorts of defined contribution (DC) pension fund holders are approaching and dealing with retirement and...

There has been ongoing concern in many quarters in recent decades that individuals in the UK are not saving enough to provide themselves privately with an adequate income in retirement. A number of long-run trends have acted to make it harder for individuals to accumulate sufficient resources,...

There have been dramatic changes in the patterns of work among people in their 50s and 60s over the last 50 years. The gradual increases in employment since the mid-1990s are generally welcome. A longer working life boosts household incomes, as people are reliant on their wages and salaries for...