DC

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The UK pensions system remains relatively ungenerous and unequal compared to other countries, the Organisation for Economic Co-operation and Development (OECD) has said.

The Association of British Insurers (ABI) has said legislation will be required to ensure the pension dashboard has wide enough coverage so it can work for everyone.

Higher contributions needed

Impartial, expert advice 'vital' - Steve Webb

Supported by robo-advice

Four out of five DC contributors 'not saving enough'

DC savers 'contributing a third' of DB savers

Mere 7% gap between work and pension incomes

Aimed at DC pension schemes