Pensions - Inadequate Beyond Question

The UK's state pension system has been named as the worst in the European Union for the second year running in a survey .

British pensioners receive a pension equivalent to just 17% of average earnings, the lowest level in Europe, and well below the average of 57%.

The "inadequacy" of the UK's state system is "beyond question".

The lowest earners in the UK achieved an income in retirement which approached the level provided by other countries. This is because they qualify for extra means-tested help from the government. However, when all the criteria were taken into account, the UK was placed fifth in a list