Recommendation 31

We welcome the pensions adequacy review and its focus on outcomes. We note that there are different measures, which are all helpful in telling us different things, such as: replacement rates indicate the extent to which 86 people are able to maintain a standard of living throughout life; the relative poverty measure tracks how people on low income keep up with the rest of society; and the Minimum Income Standard sets out what the public agree is needed for a minimum, dignified, socially acceptable standard of living. (Conclusion, Paragraph 160)