Back to the point about financial repression and the insidious long term effect of (how many now?) years of 1% pay increases, will the PPRuNe of 2037 be asking 'why did no one advise us of the consequences of this? More importantly, why are 'we' sleepwalking into it? On a wider note, Hammond's budget was conspicuous by no references to pensions. Expect something in the next one. New, general rules of saving for retirement thumb? Expect to save for retirement for at least 45 years, start by putting away at least 12.5% per annum (if you trust AFPS enough to include in that the notional contribution, crack on) and build steadily on that level, and aim to have at least ten times your final salary set aside, when you retire.
The 12.5% is of course on top of their university loan repayments. How the hell my youngest is ever going to have room to pay a mortgage is beyond me. The many thousands of school leavers who were encouraged to go to university by Blair's Government (mainly to avoid them appearing on the unemployed list ahead of an election) are going to struggle to pay back their "taxes for life".