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UK to spend less as proportion of income by 2050, according to IFS

An Institute for Fiscal Studies study of ten OECD pension systems has shown that only the UK will spend a lower proportion of national income on pensions by 2050.


Other countries surveyed included Germany, France, Canada and Australia.


Despite this, the combination of state benefits, means-tested benefits and private pensions mean that the incomes of pensioners are broadly comparable to those of other countries.

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