The UK ranks lowest for state pension amongst advanced nations, says OECD

A new report has found that the UK’s State Pension is the least generous of all the most advanced economies in the world.

Research by the Organisation of Economic Co-operation and Development (OECD) has found that full-time workers in the UK do relatively poorly, with the average pensioner expected to receive just 29 per cent of what they earned at work from their state pension – far lower than countries such as France and Germany.

When voluntary private pensions are also included, the average UK pensioner receives 62 per cent of his or her working income, which remains lower than the OECD average of 69 per cent.

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