Month By Numbers

July/August 2010

£41.5bn The aggregate deficit of the UK’s 7300 DB funds in the PPF7800 index at the end of May, a sharp rise from the £2.2bn deficit at the end of April, as calculated by the Pension Protection Fund

£30,000 The likely revised personal annual allowance for tax free pension contributions, following the government’s climb-down on restricting pensions tax relief to high earners, as unveiled in the Budget

70 The age to which the state retirement age should rise by 2030 in order to safeguard the sustainability of the pensions landscape, according to consultants Barnett Waddingham

18% The percentage of British workers who do not have a pension because they do not believe they can afford it, according to a survey of employers by Aon Consulting