There’s a potential role for government to increase awareness of Sharia compliant options and reduce the hassle cost of switching to them. Also implications for thinking about increasing automatic enrolment default rates. 8/

Opting out of a pension means forgoing the benefits of an employer pension contribution and tax relief. We estimate that doing this over a whole working life could mean losing out on £16.5k or a 60% increase in retirement income for a typical Pakistani or Bangladeshi employee. That’s a lot! 7/

Islamic teaching is typically seen as prohibiting receiving income from interest and investing in ‘unethical’ industries such as alcohol or tobacco. Muslims who report that their religion makes a greater difference to their life are particularly likely to opt out of workplace pensions. 4/

There is a wide range of evidence that religious beliefs and/or norms in Islam are important in driving higher opt-out rates, and 90% of Pakistani and Bangladeshi individuals are Muslims. 3/

The much higher opt-out rates for employees of Pakistani or Bangladeshi origin cannot be explained by differences in earnings, age, education levels, or the characteristics of the job or of their employer 2/

NEW @theifs.bsky.social report: Employees Pakistani and Bangladeshi background are around twice as likely to opt out of workplace pensions as other employees 1/

Living with parents can mean saving on rent - about £560 per month typically, rising to £1000 in London.

14% of those living at home built up more than £10k in extra savings over a 2-year period. That was a rate about 30% higher than for an equivalent group of private renters. 7/

London is a bit more complex as the significant numbers of young people moving to the capital typically can’t live with parents.

But among parents living in the capital, having a child at home is particularly common. 6/

What’s driving this? Young people have changed over time becoming more educated, more ethnically diverse, less likely to marry and have children and less healthy.

But these changes together could only explain about 10% of the rise. In any case, settling down later might be a symptom not cause.4/

Rates of living with parents vary a lot across ethnic groups. Bangladeshi people have a particularly high rate, at 41% This group has also seen the largest rise, up from 28% in 2006-07. 3/

Living with parents is clustered among some groups. Around half of men aged 25 are now living with a parent. Half of those in the lowest income fifth live with a parent. 2/

Around 1 in 5 people aged 25-34 live with a parent. This is up from less than 1 in 8 in the mid-2000s.

The “Hotel of Mum and Dad” has become more popular but why? And who is benefitting from or giving intergenerational support in this way?

Our new @theifs.bsky.social report takes a deep dive. 1/

Trying to bring some clarity on the various numbers flying around about inheritance tax and farms with @bbc5live.bsky.social today.

HMRC and DEFRA figure are not inconsistent with each other. They measure different things: estates vs farm businesses