Pension provision in Australia surpasses current arrangements in the UK, so are there lessons to be learnt? The UK’s final salary or defined benefit pension system was once the envy of the world. However, that “gold-plated” pension scheme, which will provide the backbone of retirement income for the baby-boomer generation, has had its day and the UK’s claim to a first-class retirement system is no more.
Britain now languishes 15th out of 30 in the Melbourne Mercer Global Pensions Index , a league table of developed nations’ pension systems, which for some years Denmark, the Netherlands and Australia have led […]
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