Here’s why the UK’s state pension is the least generous across the G7

It is estimated that many people will fall short in having the money to maintain a comfortable lifestyle in retirement - (Alamy/PA)

Research has placed the UK’s state pension at the bottom of the pile against other G7 nations, with British pensioners getting only 22 per cent of their pre-retirement income on average from the state pension.

That stacks up poorly when directly contrasted to the 76 per cent of Italy or up to 58 per cent in France, data from wealth management firm Fidelity International shows.