UK. Number of millionaires rises by a third as pension wealth grows

The number of millionaires in Britain has risen by a third driven by increasing pension wealth, figures from the Office for National Statistics show.

The most recent figures, from July 2016, show that there are 3.5m households in the country with more than a million pounds’ worth of assets, up from 2.75m in the 2012-14 figures.

Overall average wealth rose by 15 per cent to £259,400 by July 2016, though the rising cost of living is not taken into account.

Read More: The Telegraph