The Mercer CFA Institute Global Pension Index 2021 benchmarks 43 retirement income systems around the world, highlighting strengths and weaknesses. In 2021, new entrant Iceland is named as having the world’s best pension system overall.
However, as the world continues to grapple with the economic implications of the pandemic and its ongoing health crisis, the study also reveals factors causing the gender pension gap around the world. It’s critical that policymakers and governments reflect on the strengths and weaknesses of their systems to deliver better long-term outcomes for future retirees.
Mercer Consulting, a leading global management consulting firm, has released the 13th edition of the Mercer Global Pension Index (2021 MCGPI).
Iceland has topped this ranking with an index value of 84.2 followed by the Netherlands with 83.5 and Norway with 82.0. Thailand had the lowest overall index value at 40.6. The 2021 MCGPI, has added 4 new retirement systems: Iceland, Taiwan, UAE and Uruguay.
About Mercer CFA Institute Global Pension Index (MCGPI):
- MCGPI is an annual survey by Mercer Consulting, which aims to benchmark the retirement income system.
- MCGPI uses three sub-indices, adequacy,
sustainability and integrity to measure each retirement income system against more than 50 indicators.
- The Index is published by Mercer, in collaboration with CFA Institute and the Monash Centre for Financial Studies.
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