5 Countries with Best Retirement Systems

4. Australia

Average Ranking: 6

Natixis Global Retirement Index Rank: 7^th

Mercer CFA Institute Global Pension Index Rank: 5^th

Australia’s retirement system is one of the best in the world, owing to its high levels of private superannuation savings that have in turn been helping to reduce government pension spending. The retirement system is ranked B+ by Mercer, and further enhancements could lead it to achieve an even better ranking. Efforts needed include introducing a government superannuation contribution to primary carers of young children, introducing a requirement to show benefit projections on members’ annual statements, to name a few. Meanwhile, the GRI Index ranks the country in the top ten list, driven by improvements in the Finance and Health sub-indices.