The 16th annual “Mercer CFA Institute Global Pension Index (MCGPI)”, released by Mercer and the CFA Institute, has ranked the Netherlands as the leading retirement income system for 2024, with Iceland and Denmark in second and third places. The Index evaluates 48 retirement systems worldwide, covering 65% of the global population, based on adequacy, sustainability, and integrity sub-indices. The Netherlands The shift from DB to DC plans is reshaping global pension landscapes, as longevity, high interest rates, and rising care costs exert pressure on government budgets. The MCGPI suggests reforms to address financial security gaps and improve retirement outcomes, particularly as countries such as China and France implement recent pension changes. The report, supported by Monash Centre for Financial Studies, emphasizes the need for collaboration among governments, policymakers, and the private sector to enhance retirement systems and ensure financial stability for future retirees.
