Executive Summary 2017 | Melbourne Mercer Global Pension Index : Melbourne Mercer Global Pension Index


Executive Summary 2017


The provision of financial security in retirement is critical for both individuals and societies as most countries are now grappling with the social, economic and financial effects of ageing populations. The major causes of this demographic shift are declining birth rates and increasing longevity. Inevitably these developments are placing financial pressure on current retirement income systems. Indeed, the sustainability of some current systems is under threat. The primary objective of this research is to benchmark each country’s retirement income system so we can all learn from each other and thereby improve our systems and generate better outcomes for our present and future retirees. Yet, an assessment of the different pension systems around the world is not straightforward. As the OECD (2015) comments: “Retirement-income systems are diverse and often involve a number of different programmes. Classifying pension systems and different retirement income schemes is consequentially difficult.”

 

Refer to Chapter 1 in the Melbourne Mercer Global Pension Index 2017 Report for more information


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Link to Victorian Government (Victoria Online) the Mercer Australian website Australian Centre for Financial Studies