This is the direction of travel for all saving - retirement and other - and has been for some time. It de-risks the employer, creating an environment for a more sustainable business and, to some extent, also de-risks the employee. De-risks the employee in terms of ensuring that they are not paying into a scheme where their own benefits are uncertain and where their funding is largely used to pay the benefits of others while they hope that a younger generation will follow them to pay theirs. And de-risks them in that their retirement, longer after they've left work, is not at the mercy of their old employer who may not be in business 10 years down the line. That system - defined contribution - does need a lot of ongoing support though. It needs a good level of funding from the employer, and good education of the employee to understand what level of saving they need to make too. It also requires good, affordable, trustworthy pensions, which are pretty much there now unless you choose to go a long way off-piste at your own risk, and good, affordable, trustworthy investment solutions to plug into them, which are getting better driven by increasingly tough regulation. Education is absolutely key though. @Faustus spoke about organised mass protest - being charitable I'll assume that those movements were reasonably well-informed. The equivalent today is education and the subsequent demand that will drive market forces to deliver the results required, normally through improved efficiency and economies of scale, innovation and disruption.