Office for National Statistics Wealth and Assets Survey
GAD advice to Office for National Statistics (ONS) on valuing defined benefit pensions wealth in ONS鈥檚 Wealth and Assets Survey
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The ONS produce and publish a biennial survey of the wealth and assets of households in Great Britain. Pension wealth is captured alongside property, physical assets and net financial wealth (e.g. savings). Pension wealth is split across 2 categories: pensions that are defined contribution in nature, and pensions that are defined benefit (DB) in nature. ONS use a model to estimate DB pension wealth based on answers to household survey questions. This model has been reviewed by ONS and as part of this review ONS asked the Government Actuary鈥檚 Department to support their review and make recommendations on the model.
Updates to this page
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Latest guidance notes and annuities statistics added for the Office for National Statistics Wealth and Assets Survey.
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First published.