A jump for the UK in mandatory pension provision?

Renny Biggins says the devil is in the detail when comparing global pensions systems

clock • 5 min read
A jump for the UK in mandatory pension provision?

In our Organisation for Economic Co-operation and Development (OECD) paper published in 2019, The Investing and Saving Alliance reported that the that the UK mandatory state pension system had the lowest net replacement rate (NPR)* out of the 36 countries measured, with a rate of 28.4% of net average earnings.

Looking at the latest set of data published in 2021, the NPR for UK mandatory pensions has risen significantly, in fact, over doubled to 58.1% which places us 21st out of the 38 OECD countries meas...

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