Kevin Peachey writes a sad article in the BBC about our retirement prospects.

Richard Smith has a further  point to make;  he makes it very well!

I’ve reported the Pensions UK report from the perspective of a well off FT reader elsewhere on this blog. You can read the report from the perspective of the ordinary person facing a pay cut when they stop working.

Richard is of course right to say that for most of us, an understanding of the wage we’ll pay ourselves in retirement is not known right now as we do not have the information on our mobile phone. But give us a couple of years and that should be different. It may not be good news, but at least we’ll know what we’re getting when we’ve got a pensions dashboard on our phone!