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In Canada, that same pot would be worth £176k, given the better performance of the country’s pension funds. In Australia, it would be even higher, £186k. This means that, on some estimates, poor performance could leave UK savers with £45,000 less in their pension pots than their Australian counterparts.The challenges of UK capital markets and pension investing are complex, decades in the making, and the UK government is to be commended for the energy and focus it is bringing to addressing this long-running issue.In framing policy to create new incentives...