Vast inequality in pension saving highlighted in ONS data

Data from the Office for National Statistics (ONS) shows the poorest half of the country saved just £122bn out of total savings of £2.2trn in the period, or 5.5%. Meanwhile, the richest 10% of households had total savings of £1trn, almost half of the total, according to the latest chapter of the ONS's Pension Trends, Saving for Retirement. Pension saving accounted for 73% of all savings in the UK during the two years. Of those who saved, 41% had saved no income at all for the past 12 months at the time of responding to the survey. ONS analysts said: "This indicates some people c...