It’s not that simple. The demographic age profile is already a time bomb
Too few youngsters paying for too many fogies.
The public sector unaccounted pension debt is a crisis that no government can ignore but neither will unions let them address it.
There is a stupid assumption in the stock market on which all are told to invest for pension that there must be a buyer for every seller. It is simply not true. As more fogies cash in investments there are too few youngsters to buy them.
Worse, there is a ratchet. As public sector take out far too much with their defined benefits , and retire too early, and since central bankers killed return, the ratchet will destroy private sector pensions all together. Because It is a zero sum game. MPs are a disgrace for hanging on to defined benefits.
There is a catastrophe coming.
Buy gold and put under your bed!