pensions

Kate Allen

The Office for National Statistics’ release of data on UK share ownership has highlighted an important and far-reaching trend: the remarkable rise in share ownership by non-UK companies and individuals.

But the really crucial fact is that this comes mostly at the expense of the City’s traditional supremos: the insurance companies and pension funds.

Change in shareholdings 

Average incomes from pensions are highest in the Conservative heartlands of the South of Britain, so this is where the pain would be felt if winter fuel allowances, free bus passes and free TV licences for pensioners were means-tested.

In this interactive map, parliamentary constituencies are grouped according to the taxpayers’ mean income from pensions. The constituencies are pooled into five equally-sized groups with those with the richest pensioners shaded darkest, and the poorest pensioners lightest. These can be compared with the party of the current MP for each area.