Steve Webb, as always, hits the nail on the head. Bountiful private pensions are enjoyed by relatively few, while our state pension still lags considerably behind the European average.
I’ve come to the view that the state pension Triple Lock (or similar generous increases) needs to go on for longer. TL:DR because private pension savings are nowhere the level needed to make up the ‘other half’ of what we need in retirement. My piece for the Telegraph today: