Home | About Us | Services | Careers | News | Literature | Glossary | BWebstream | Contact Us The Daily Stat January February March April May June July August September October November December To set up an RSS feed for The Daily Stat click on the icon. Home > About Us > The Daily Stat The Daily Stat 2013 is the International Year of Statistics and Barnett Waddingham is a 'participant'. This initiative is being supported by institutions and organisations from all over the world with the aim to increase the awareness of statistics and their importance in everyday life. As a participant, we will be posting a daily statistic on the page below. The Daily Stat Tuesday 31st December Barnett Waddingham participated in the International Year of Statistics for the whole of 2013. As a participant, we posted a total of 257 Daily Stats, of which the most (50%) were percentage related. 13 industry bodies were sourced or mentioned, with the ONS (36) and PPF (35) being the most frequent. Monday 30th December 71% of respondents to the NAPF's annual survey of pension funds’ engagement with investee companies said they take stewardship policies and activities into account when selecting asset managers. However, only 25% of survey respondents said that their investment consultants had raised the issue of stewardship with them over the year (source). Friday 27th December One third of their adult life - the amount of time the average person should expect to spend in receipt of a state pension, according to the Government's proposals to link the State Pension Age to changes in life expectancy (source). Thursday 26th December 88% of businesses surveyed by the CBI are worried that their DB scheme contributions will have to increase at the next valuation (source). Wednesday 25th December 2.7% - the statutory minimum by which preserved pensions (earned before April 2009) will be increased over the year 2013-14, according to the recently published Occupational Pensions (Revaluation) Order 2013 (source). Tuesday 24th December 35% - the number of private sector DB schemes closed to both new members and future accruals in 2013 (up from 31% in 2012) (source). Monday 23rd December 52 - the number of MPs signing an early day motion advocating a review of the level of benefit provided by the Government's Financial Assistance Scheme, which provides compensation to members of pension schemes whose employers went insolvent prior to the introduction of the Pension Protection Fund (source). Friday 20th December 61% of employers would consider offering pension arrangements where they could cap their costs whilst also offering greater certainty of pension income for members, according to the ACA's 2013 Pension Trends Survey. Large employers favoured more flexibility for defined benefit schemes while small employers thought that guarantees for defined contribution schemes would encourage members to save more (source). Thursday 19th December 46% of businesses surveyed by the CBI have said that operating a DB scheme hinders their ability to borrow (source). Wednesday 18th December One in 12 of the UK population is expected to be aged 80 or over by mid-2037, according to the ONS (source). Tuesday 17th December 12% of private sector DB schemes remained open to new members in 2013, compared to 13% in 2012 (source). Monday 16th December Up to £1,500 each - the amount being set aside to pay pensions to retired police dogs in Nottinghamshire. The pension is intended to cover medical bills in the three years after a dog leaves the force (source). Friday 13th December 3.21 - the number of people of working age for every person of state pension age in mid-2012. The ONS projects that this ratio will reduce to 2.74 by mid-2037 (source). Thursday 12th December 26% of younger employees say that ‘better and more frequent information about my retirement savings’ would encourage them to save more for retirement, according to research by Aegon. 24% currently rely on friends and family as the most important source of information in choosing how to save for retirement (source). Wednesday 11th December The proportion of equities held by defined benefit pension schemes invested overseas was greater in 2013 than the proportion invested in UK equities, for the first time since 2008, according to the Purple Book published by the Pensions Regulator and Pension Protection Fund (source). Tuesday 10th December 59% of working adults between the ages of 20 and 29 expect to be worse off financially in retirement than their parents, according to research by Aegon. 27% believe that their retirement shortfall will be at least half of what they estimate they will need in retirement, and 28% expect they will need to provide financial support for retired parents (source). Monday 9th December £1,200 - the amount awarded by a small claims court to one of around 50 pensioners who are challenging British Airways after inflationary increases in the Airways Pension Scheme (APS) changed from RPI to CPI. BA is continuing to fight these claims (source). Friday 6th December 0.75% - the average annual management charge for trust-based defined contribution schemes, according to research by the DWP. Charges in larger schemes were only 0.42% on average (source). Thursday 5th December 38.5% to 35.1% - The proportion by which scheme assets allocated to equities fell from 2012 to 2013, while the proportion of gilts and fixed interest rose from 43.2% in 2012 to 44.8% in 2013, according to the Purple Book published by the Pensions Regulator and Pension Protection Fund (source). Wednesday 4th December 1909 - the year in which the first state pension payments were made. State Pension Age was 70 for both men and women, although the average age of death for males was only 51 years and only around 5% of the population had reached age 70. The payment (a maximum of five shillings) was means-tested and could be denied altogether if you were of bad character (source). Tuesday 3rd December £9.4bn - the improvement in aggregate deficit of the PPF 7800 index during the month of October 2013 (source). Monday 2nd December 47% - the proportion of women who are confident about managing and understanding their pension according to a NAPF survey. The proportion of men (68%) is significantly larger. Further, more women than men worried about their pension not being sufficient in retirement (source). Friday 29th November 25% of people aged 50 to 60 plan to fully retire straight away according to recent research (source). Thursday 28th November 24% of women aged 40-49 expect to rely on their partner's income in retirement, according to a report by Scottish Widows. 23% of the same group prioritise supporting their children over retirement saving (source). Wednesday 27th November 5 months - the decrease in life expectancy for 65-year old males this year compared to last year, according to the latest ONS study (source). Tuesday 26th November 24% of young people aged 18-24 did not know if they were a member of a workplace pension scheme, according to a survey by the NAPF. Of people currently saving in to a pension scheme, those aged 18-24 were more likely than other age groups to consider saving more in the future (source). Monday 25th November Nearly 70% of 22-36 year-old survey respondents say that they contribute less than 6% to their defined contribution (DC) scheme annually; significantly below what might be considered adequate, according to research from State Street Global Advisors. More than 80% of young people surveyed have no plans to change the amount they contribute to workplace pension arrangements in the next year. Meanwhile, the average age at which 22-36 year-old respondents still expect to retire is 63 (source). Friday 22nd November 2.7% - the expected increase in the state pension from April 2014 (source). Thursday 21st November £1.8 billion - The income from employee's contributions to the Local Government Pension Scheme in 2012-13. This was a decrease of 2.9% since the previous year. The employer's contributions decreased in the same period by £188 million or 3.2% (source). Wednesday 20th November 13 out of 14 - The amount of asset classes where active funds performed less well than passive funds over the past 5 years, according to new research (source). Tuesday 19th November HM Revenue & Customs (HMRC) has published the forms that people with high levels of pension saving must use to apply by 5 April 2014 for fixed protection and so preserve their lifetime allowance at £1.5m. HMRC estimated that there were 30,000 people with pension savings currently valued between £1.2m and £1.5m (source). Home | About Us | Services | Careers | News | Literature | Glossary | BWebstream | Contact Us | Legal Notice | Privacy Policy | ISO | Site Map © Barnett Waddingham 2014