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Data: Office for National Statistics, Wealth and Assets Survey; Chart: Danielle Alberti/Axios

Britain, like the U.S., is seeing its defined-benefit pension plans inexorably replaced by defined-contribution schemes in a deal that's sure to hurt workers.

Where it stands: 10 years ago, there were roughly twice as many active members of defined-benefit schemes as there were in defined-contribution plans. Today, the numbers are roughly equal.

By the numbers: The median member of a defined-benefit pension plan in the U.K. has £83,200 ($110,000) in pension wealth. The median member of a defined-contribution scheme, by contrast, has just £5,000 ($6,600) in their plan.

  • Britons are eligible for a state pension — the U.K. version of Social Security. That caps out at £129.20 per week, which is less than $9,000 per year; hence why pension plans are so important.

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Updated 21 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 7 a.m. ET: 32,870,631 — Total deaths: 994,534 — Total recoveries: 22,749,163Map.
  2. U.S.: Total confirmed cases as of 7 a.m. ET: 7,079,689 — Total deaths: 204,499 — Total recoveries: 2,750,459 — Total tests: 100,492,536Map.
  3. States: New York daily cases top 1,000 for first time since June — U.S. reports over 55,000 new coronavirus cases.
  4. Health: The long-term pain of the mental health pandemicFewer than 10% of Americans have coronavirus antibodies.
  5. Business: Millions start new businesses in time of coronavirus.
  6. Education: Summer college enrollment offers a glimpse of COVID-19's effect.

How the Supreme Court could decide the election

Illustration: Sarah Grillo/Axios

The Supreme Court isn't just one of the most pressing issues in the presidential race — the justices may also have to decide parts of the election itself.

Why it matters: Important election-related lawsuits are already making their way to the court. And close results in swing states, with disputes over absentee ballots, set up the potential for another Bush v. Gore scenario, election experts say.

Graham hopes his panel will approve Amy Coney Barrett by late October

Sen. Lindsey Graham during a Senate Judiciary Committee hearing on Sept. 24, 2020 in Washington, DC. Photo: Win McNamee/Getty Images

Senate Judiciary Committee Chair Lindsey Graham (R-S.C.) told Fox News Saturday he expects confirmation hearings on Judge Amy Coney Barrett's nomination to the Supreme Court to start Oct. 12 and for his panel to approve her by Oct. 26.

Why it matters: That would mean the final confirmation vote could take place on the Senate floor before the Nov. 3 presidential election.