Dutch to get 50% higher retirement income than Brits

A report by social lobbying group the Royal Society for the Encouragement of Arts, Manufactures and Commerce called Building the consensus for a People's Pensions in Britain found up to 40% of UK pensions are being swallowed by charges. It revealed if a typical Dutch and British person saved the same amount for their pension, the Dutch person would receive 50% higher income in retirement. Co-author and scheme manager David Pitt Watson says: "By common consent, the UK private pensions system is not fit for purpose. It is hugely inefficient. "The government has established NEST, and ...