British workers can expect among the worst pensions in the developed world, according to a report from investment bank UBS, which compared the retirement outlook for a 50-year-old woman in major cities across the globe.

Pensions compared

How much a state plus “mandatory” pension will be worth at retirement as a proportion of current income, based on a 50-year-old female in each city
Singapore 73%
Sydney 72%
Paris 69%
Milan 67%
New York 55%
Tokyo 55%
Munich 50%
Zurich 48%
Toronto 42%
London 41%
Hong Kong 41%
Taipei 32%

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