Mercer CFA Institute Global Pension Index 2023 published on 17th October

The 2023 edition of the Mercer CFA Institute Global Pension Index is now live! The report delivers the world’s most comprehensive comparison of 47 retirement income systems against more than 50 indicators and benchmarks and on three sub-indices: adequacy, sustainability, and integrity.

This year, the Netherlands has gained the top spot, with Iceland, Denmark, and Israel following closely behind, all with A-grade pension systems. The Netherlands had the highest overall index value (85.0), closely followed by Iceland (83.5) and Denmark (81.3). Argentina had the lowest index value (42.3). Although the Netherlands is currently undertaking significant pension reform, the system is well-positioned to provide excellent benefits amid the move from a collective benefit structure to a more individual defined contribution approach.

Finland’s pensions system was ranked at number six this year, with the highest score in the integrity section. The systems with the lowest values across the sub-indices were South Korea for adequacy (39.0), Austria for sustainability (22.6), and the Philippines for integrity (25.7).

Each year, the report takes a deeper look into a specific issue within the world of pensions. This year’s report looks at the growing impact AI could have both on pension systems and on their members. It explores the ongoing development of AI and its potential impact on investment returns, pension plan operations, member engagement and retirement planning, considering potential benefits, risks and challenges.

Download the report to discover more about the index, your pension system, and the opportunities to make positive change.