Pension Archives - BSNEWS https://bsnews.info/tags/pension/ News You Won't Find on BBC or ITN Tue, 15 Dec 2015 23:07:33 +0000 en-US hourly 1 https://bsnews.info/wp-content/uploads/2013/04/cropped-truth1-55x55.jpg Pension Archives - BSNEWS https://bsnews.info/tags/pension/ 32 32 49333625 OECD finds UK pensions amongst lowest in world https://bsnews.info/oecd-finds-uk-pensions-amongst-lowest-in-world/ https://bsnews.info/oecd-finds-uk-pensions-amongst-lowest-in-world/#respond Tue, 15 Dec 2015 23:07:33 +0000 http://bsnews.info/?p=13470 British state pensions are among the lowest in the world, paying out a mere 38 percent of what the recipient earned when working, according to the Organisation for Development and Cooperation (OECD).

The OECD report, Pensions at a Glance, makes a comparative study of pensions in 34 countries. Only in Chile and Mexico was the replacement income as a proportion of average earnings lower than in the UK. The figure of 38 percent compares with 90 percent in the Netherlands and 80 percent in Spain and Italy.

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