Retirement readiness: Countries with best pension systems in 2023

Published by: CNBC-TV18.com

 Australia has climbed to 5th place in 2023, with the Netherlands, Iceland, Israel, and Denmark leading the rankings, According to the 15th annual Mercer CFA Institute Global Pension Index.

India ranks low in the 2023 Global Pension Index, highlighting the need for improvements in retirement readiness.

#1 Netherlands

A

Overall Grade

85.6

Adequacy

87.7

Integrity

82.4

Sustainability

85

Total

#2 Iceland

A

Overall Grade

85.5

Adequacy

80

Integrity

83.8

Sustainability

83.5

Total

#3 Denmark

A

Overall Grade

82.5

Adequacy

77.8

Integrity

82.5

Sustainability

81.3

Total

#4 Israel

A

Overall Grade

77

Adequacy

84.4

Integrity

82.7

Sustainability

80.8

Total

#5 Australia

B+

Overall Grade

70.7

Adequacy

86.1

Integrity

78.4

Sustainability

77.3

Total

#6 Finland

B+

Overall Grade

77.4

Adequacy

90.9

Integrity

65.6

Sustainability

76.6

Total

#7 Singapore

B+

Overall Grade

79.8

Adequacy

77

Integrity

71.6

Sustainability

76.3

Total

#8 Norway

B

Overall Grade

79.4

Adequacy

87.8

Integrity

59.1

Sustainability

74.4

Total

#9 Sweden

B

Overall Grade

72.1

Adequacy

75

Integrity

75.6

Sustainability

74

Total

#10 United Kingdom

B

Overall Grade

77.3

Adequacy

80.6

Integrity

62.7

Sustainability

73

Total

#45 India

D

Overall Grade

41.9

Adequacy

56.5

Integrity

43

Sustainability

45.9

Total