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.
