Report: Melbourne Mercer Global Pension Index
Key findings:
- The British index value increased from 60.1 in 2016 to 61.4 in 2017 primarily due to the allowance for voluntary occupational pension plans.
- The ongoing introduction of the auto-enrolment process should improve the index value in future years with broadening coverage and an increase in the level of funded retirement benefits.
- The UK received an overall index score of 61.4 out of 100 and was rated as a C+ system. This is defined as a system that has some good features, but also has major risks and/or shortcomings that should be addressed.
The Index uses three sub-indices - adequacy, sustainability and integrity - to measure each country's retirement income system against more than 40 indicators.
