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
-
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
-
Employers are stepping away from financial guarantees.
-
Individuals bear the risks before and after retirement.
-
Retirees receive a lump sum, not an income stream.
-
Households are not equipped to make financial decisions at retirement.
-
Governments considering reducing financial support during retirement.
MercerInsight® Community
Before accessing this website you must read and accept the following terms and legal notices.
You are about to enter a website intended for sophisticated institutional investors based in Hong Kong and the information contained herein is only intended for investors who are Institutional or Corporate Professional Investors as defined in the Securities and Futures Ordinance, Cap 571 Laws of Hong Kong and the Securities and Futures (Professional Investors) Rules. Any person unable to accept these terms and conditions should not proceed any further.
In Hong Kong, Mercers Outsourced Chief Investment Officer, Delegated Solutions and other Investment Services delivered through Mercer Funds are delivered by Mercer Investments (HK) Limited (“MIHK”). MIHK is authorized by the Securities and Futures Commission to undertake Type-1 (dealing in securities), Type-4 (advising on securities) and Type-9 (asset management) regulated activities in Hong Kong subject to the limitations set forth at https://apps.sfc.hk/publicregWeb/corp/ALR969/details. MIHK is registered with the Mandatory Provident Fund Schemes Authority as a principal intermediary. MIHK is registered in Korea with the Financial Services Commission as a Cross-Border Discretionary Investment Management business and as a Cross-Border Investment Advisory business.
Information about Mercer strategies and solutions is provided for informational purposes only and does not constitute, and should not be construed as, an offer to sell, or a solicitation of an offer to buy, any securities, or an offer, invitation or solicitation of any specific products or the investment management services of Mercer, or an offer or invitation to enter into any portfolio management mandate with Mercer. None of the content on Mercer.Com should be considered as advice. No actions should be taken based on this content without first obtaining professional advice. Mercer makes no representation, and it should not be assumed, that past investment performance is an indication of future results. Moreover, wherever there is the potential for profit there is also the possibility of loss. Past performance does not guarantee future results. The value of investments can go down as well as up, so you could get back less than you invest.
Mercer reserves the right to suspend or withdraw access to any page(s) included on this Website without notice at any time and accepts no liability if, for any reason, these pages are unavailable at any time or for any period. The solutions, products and services described in these pages are not available in all jurisdictions.