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Like ISAs, your company or person pension is likely to be partly invested in Asia.
He will not be getting a payoff, although his pension is likely to be substantial.
For poorer workers, in particular, the state pension is likely to be the main source of income; any DC pension will just be a top-up.
This would imply that the pension is likely to be worth almost 25percentnt less after 20 years of uprating by CPI rather than RPI".
"Ask yourself if you want to live on £20 a day when you retire, which is what the state pension is likely to be worth.
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And people with a private, funded pension are likely to feel that they own their own savings, which is desirable in itself, but which should also encourage them to take more interest in planning for their financial future.
36 hadT2 had a higher participation rate than HUNT3, 18 but, assuming that the underlying processes were similar in HUNT2, both the risk of disability pension and the association between symptoms of depression caseness and disability pension are likely to be underestimated.
But even if that does not happen, the trend away from defined-benefit pensions is likely to affect most younger public employees, as it already has their counterparts in the private sector.
That is not insignificant, but it is far less than some of the breathless commentary about the "burden" of ageing implies.Taken together, the net effect of high saving by educated older workers and less-generous pensions is likely to be an unexpected degree of thrift in the rich world, at least for the next few years.
Labour has said spending on state pensions is likely to be included in its proposed cap on welfare budgets.
Second, employers make smaller contributions to DC schemes than to final-salary plans, so pensions are likely to be lower.
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