Lessons for Scotland in how newly independent countries boosted pensions
UK state pensions are the least generous in North West Europe in comparison to the average wage.
Includes:private and public pensions
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Subheading of: Economy/Income)
UK state pensions are the least generous in North West Europe in comparison to the average wage.
The UK has the worst state pension in the developed world (defined as full OECD membership). In 2018, it was only worth 28.4% of average income at retireme
The UK state pension is not big enough to support the bare minimum standard of living for a single person, according to a new report.
OECD figures in 2018 showed the UK paid out just 29% of average earnings on pensions. This is the lowest of any developed country. Top of the table were the Netherlands, which pays 100.6% of average earnings, Portugal at 94% and Italy at 93.2%.
The most likely overall outcome for taxation is that rUK would treat Scottish individuals and companies in the same way as it treats any other country's individuals and companies (and vice versa). Scotland will need to establish its own financial regulator and resolution authority and make arran
Far from putting pensions at risk, independence gives us the chance to significantly increase the state pension. Even If we only match the European average that would double the current state pension.
The UK state pension is the worst in the developed world in terms of its value verses average wages. It ranks bottom in a list of countries compiled by the Organisation for Economic Co-operation and Development (OECD), paying out just 29% of the average wage.
A report by Common Weal, Friends of the Earth Scotland and Unison Scotland into divestment of Scottish pension funds from fossil fuel companies and re-investment into socially and environmentally useful investments.
What other newly independent countries have done to increase pensions