UK worst OECD nation for mandatory retirement provision

In its annual Pensions at a Glance report, the body found the net replacement rates for future retirees from mandatory parts of the retirement system, such as the state pension, will be the lowest of any OECD country. Full-career average earners can expect a 29% replacement rate which falls considerably below the OECD average of 63%. While low earners will do better and have a replacement rate of 52%, this is still very low relative to other OECD members as only Mexico and Poland will have worse rates, the report added. However, the OECD noted there are some bright spots in the fin...