Non-pension savings

Over the 20 years to 1999, wealth via pension funds and life companies grew to overtake net housing ...

Over the 20 years to 1999, wealth via pension funds and life companies grew to overtake net housing wealth. But since 1999 there has been a major reversal of this trend, with housing wealth now worth more than 40% more than all pension fund and life policy wealth. • Non-pension financial wealth amounts to around £1,150bn with £1,300bn of financial assets offset by £150bn of consumer debt. • Housing wealth is now about £3,000bn at the gross level, and £2,250bn net of mortgage debt. • Pension assets held by self-administered pension funds and life companies amount to about £1,300bn. • Th...