Britons have nearly £1trn more wealth in pensions than they do in property, according to figures from the Office of National Statistics (ONS).
The statistics showed that, in 2018-2020, occupational and private pension wealth was estimated at £6.45trn, whilst property wealth in the UK was estimated at £5.46trn.
According to the figures, wealth in pensions had increased by nearly £3trn since 2008-2010, while wealth in property had increased by just under £2trn during the same period.
STM Group plc (LON:STM) is a multi-jurisdictional financial services group listed on the Alternative Investment Market of the London Stock Exchange. The Group was formed as a strategic investment company specifically to build a leading financial services group originally operating in the international corporate and trustee service provider (CTSPs) sector.