Participation in private sector workplace pension schemes has rocketed since the start of auto-enrolment.
Employers will be less susceptible to strike action and be able to take greater remedies when strikes do occur under tougher laws unveiled by the government.
The weekly income gap between pensioners and the working-age population has narrowed to 8% over the past two decades, according to official figures.
There has been a steady climb in the proportion of Britons who see workplace pension schemes as the best way to save for retirement.
AE has been a success but five million will miss out
Sterling has pulled back against the dollar after a second estimate of Q1 UK GDP growth failed to produce the upwards revision expected by economists.
Expectations that low oil prices could trigger a period of deflation have been met after the consumer prices index (CPI) weakened to -0.1% for the year to April 2015.
UK growth slumped to just 0.3% in the first quarter of the year, the slowest since 2012, as the construction sector disappointed.
Professional Pensions looks at the impact of falling inflation over the last year
The UK is at risk of slipping into deflation as the Consumer Prices Index (CPI) hit zero for the first time since in February.