UK Retirees face greatest income drop when stopping work
Here at PWS Dubai we are seriously concerned with the state of pensions in the United Kingdom. We work with thousands of clients helping them identify the best pension solutions to help them save and make their money grow so that they can live comfortably when its time to retire. That being said, a recent study has revealed that UK retirees are about to face the biggest income drop when they decide to retire, when compared to pensioners in other countries, which are developed, around the world. What does this mean? It means that more reforms are necessary worldwide to deal with the aging population and the financial consequences thereof. The Facts An intercogovernment economic organisation, the Organisation for Economic Co-Operation and Development, has advise that pensioners in Britain will receive only twenty nine percent of the average working wage when relying on state schemes when it comes time for retirement. The concern here at PWS Dubai is that this