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Where Does our State Pension Rank?

 

Where does our state pension rank?

I know it’s the last thing on your mind at the moment, me too really, priority is keeping body and soul together right now, and albeit I’m sure COVID-19 will be with us for some months to come the vaccine provides a chink of light. So, to lighten the mood even more I thought I’d touch on the state pension. (eyeball roll)!

We believe the days of drawing your state pension at 65 are long gone but I read an article recently highlighting where the UK’s pension scheme sat out of 39 other countries, based on adequacy, sustainability and integrity grading from A – D, A being the best. It caught my eye so I thought you might be interested.

So where do you think the UK sits? I wasn’t too optimistic but here are some of the countries and where they sat including the UK (Source: Mercer’s annual survey Nov 2020)

No.39 Thailand D

No.39 Thailand D

No.33 China D

No.22 Spain C

No.18 USA C+

No.15 UK C+

No 14 Ireland B

No 11 Germany B

No 1 Netherlands A

Top 5 are 1.Netherlands, 2. Denmark, 3. Israel, 4. Australia, 5. Finland

There were a few surprises but in the whole scheme of things UK is a C+ or ‘could do better’ but then you knew that didn’t you?

If you would rather not rely on the state pension, you know who to call!

Ethos Financial Solutions 01302 244977

Publish date: 19th November 2020

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