Pensions around the world: how does the UK compare to top scorers?
For a long time, UK governments have focused on British pensioners relying on occupational pensions for their retirement. The state has even had part of the state pension paid through occupational schemes – which happened when members of decent schemes such as the public service schemes were drawn into ‘contracting out’. This meant paying less National Insurance, with the ‘guaranteed minimum pension’ element of the state pension paid through your occupational scheme. People in different or no occupational schemes paid...
