If someone is going to work for 40 years and then retire for 20, then in simple terms he needs to save 50% of his earnings, invested to maintain their value in real terms, if he wants to retire with the same standard of living.
Of course he might cleverly manage some real growth, or he might not mind being poor in old age, but in simplistic terms it shows that pension saving has to be really serious, and represent a major chunk of someone's working salary.
Then factor in that all recent governments have given themselves the right to steal people's pension pots, and they show no signs of relenting in their pickpocketing, and it becomes obvious that making any kind of saving towards a pension is a waste of money unless you:
a) have a generous employer who funds your contributions
b) work for the state
c) are very rich and can employ advisers to use the remaining pension concessions to manipulate tax avoidance.
The conclusion is that the government is intent on further dividing people into very poor or very rich, and hounding those in the middle.
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