UK Pension Assets Fall £232 Billion in Six Years: deVere Group Analysis
The total value of UK-funded occupational pension schemes has fallen by £232 billion since 2019, new data shows. The dramatic slide comes despite the fact that overall membership grew by 1.6 million people in the same period. The fall reveals the full impact of the 2022 Truss Mini-budget, from which UK defined benefit contributions have yet to recover. Analysis by the deVere Group of ONS data shows a peak-to-trough of minus £757 bn, or −37.4 per cent. The market-value measure (assets minus non-pension...
