Independent Trustee Company Blog

Showing posts with label Adequate pension. Show all posts
Showing posts with label Adequate pension. Show all posts

Thursday, November 1, 2012

OECD Review: In 2020 20% will receive nothing

In our third blog post on the OECD Review, we look at State pension receipt. 

As it currently stands, 50% of retirees are receiving a full state pension, this is to decrease to 46% in 2020. Looking at the below chart, we can also see a further decrease in those receiving 90%-100% but an increase in those receiving 33-90%. In 2020, 20% will receive nothing.


Looking at these statistics, how much of an additional sum will retirees need to provide themselves with an adequate pension? The OECD are due to make recommendations on this in the second part of their report.