Another article citing BETTER FINANCE’s work was published earlier this week by the Financial Times, reporting on the poor returns of pension funds in the E.U. Under the headline ‘Should the wealthy be worried about the pension penury ahead?’, Jeremy Woolfe quotes the Pension Savings Report: The Real Return (2017) in a piece looking into critical systemic issues that soon-to-be retirees will have to endure.
Criticising the OECD’s advice for the active population to save more and earlier as insufficient, the author refers to the Pensions Report when stating that the replacement income for U.K. pensioners ‘will roughly be a meagre 20 per cent of their previous salary’, describing this situation as ‘grim’, in spite of the ’76 per cent rise in global stock markets between 1999 and 2016’.
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