But combining longer life expectancy with low interest rates means that a person starting to save today would have to set aside much more to generate the same retirement income as a person who began saving 25 years ago, if both wished to retire at the same age.
With regard to independent authorities, it is important to strengthen the role and administrative and financial autonomy, as well as accountability towards the Parliament, of the authorities responsible for regulating, supervising and maintaining a level playing field in the markets.