The Dutch pension system is at the top of the ‘Second Melbourne Mercer Global Pension Index’ published by the Australian Centre for Financial Studies (ACFS). The Netherlands’ pension system ranked best in comparison to 13 other countries.
The Index, which is compiled in conjunction with Mercer, examined the adequacy of benefits, the sustainability and the integrity of retirement systems.
The 13 other countries included in the Index were Australia, Sweden, Canada, the United Kingdom, Chile, Singapore, the United States, Germany, Japan and China, and for the first time, Switzerland, Brazil and France.
The leading retirement system in the Index is once again the Netherlands, which boasts the advantage of having a very well established retirement system with higher benefit levels, a large industry-wide defined benefit scheme and consequently, a low cost structure. The Dutch index value increased from 76.1 in 2009 to 78.3 in 2010, primarily due to recognition of the level of mandatory contributions operating in the country.
Within the Netherlands and internationally, the Amsterdam Metropolitan Area is a significant pension hub. Approximately 650 pension funds are based in the Amsterdam Area, managing a total of more than 800 billion euros and making the region a centre of expertise for pan-European pension asset management.
Dutch Financial Day at World Expo in Shanghai
The Netherlands outperforms Switzerland