Mercer CFA Institute Global Pension Index 2022
An analysis and ranking of 44 pension systems around the world
The results are in: Iceland leads, but only by a margin
The Mercer CFA Institute Global Pension Index benchmarks 44 retirement income systems around the world, highlighting challenges and opportunities within each. This year we have added Portugal to the mix, as well as using updated data from OECD and the UN World Population Prospects 2022.
The index is made up of three sub-indices (adequacy, sustainability and integrity) to measure each retirement income system against more than 50 indicators. This year’s special chapter unpacks the challenging defined contribution (DC) equation of converting a DC lump sum into a good outcome for retirees. Download the reports below to discover more about the analysis and your pension system.
This year’s top rated pension systems
Iceland
Index: 84.7
Rating: A
Netherlands
Index: 84.6
Rating: A
Denmark
Index: 82.0
Rating: A
David Knox, co-author, is Actuary and Senior Partner at Mercer.
Three pillars of our comprehensive analysis and top three rated countries
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Adequacy
How much did you get?
#1 Iceland
#2 Portugal
#3 Netherlands -
Sustainability
Can it keep delivering?
#1 Iceland
#2 Denmark
#3 Netherlands -
Integrity
Can it be trusted?
#1 Finland
#2 Norway
#3 Netherlands
It is critical that we understand whether or not the retirement income systems around the world will be able to meet the needs and expectations of their communities for decades to come.
Lead author, Actuary and Senior Partner, Mercer
- China [54.5]
- Hong Kong SAR [64.7]
- Indonesia [49.2]
- Japan [54.5]
- Korea [51.1]
- Malaysia [63.1]
- Philippines [42.0]
- Singapore [74.1] Taiwan [52.9]
- Thailand [41.7]
- Austria [55.0]
- Belgium [67.9]
- Denmark [82.0]
- Finland [77.2] France [63.2]
- Germany [67.9]
- Iceland [84.7] Ireland [70.0]
- Italy [55.7]
- Netherlands [84.6]
- Norway [75.3]
- Poland [57.5]
- Portugal [62.8]
- Spain [61.8]
- Sweden [74.6]
- Switzerland [72.3]
- United Kingdom [73.7]
- India [44.4]
- Israel [79.8]
- Saudi Arabia [59.2]
- South Africa [54.7]
- Turkey [45.3]
- UAE [61.8]
- Argentina [43.3]
- Brazil [55.8]
- Chilli [68.3]
- Colombia [63.2]
- Mexico [56.1]
- Peru [55.8]
- Uruguay [71.5]
- Australia [76.8]
- New Zealand [68.8]
- Canada [70.6]
- United States [63.9]
Since the inception of the Mercer CFA Institute Global Pension Index, the investment management and pension industry at large have faced extraordinary challenges. New financial products and strategies will be required to deliver adequate returns for beneficiaries.
CFA, President & CEO, CFA Institute
Feature chapter: Addressing a challenging DC equation
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Employers are stepping away from financial guarantees.
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Individuals bear the risks before and after retirement.
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Retirees receive a lump sum, not an income stream.
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Households are not equipped to make financial decisions at retirement.
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Governments considering reducing financial support during retirement.
This content on this website is provided for informational purposes only and should not be taken as advice or recommendation to buy or sell any specific investment product or services, including Mercer’s investment management services, or to enter into any portfolio management mandate with Mercer.
Any investment carries inherent risks and you should carefully consider your own investment objectives, financial situation, and needs before making any investment decision.
Past performance is not an indication of future performance.