The Netherlands has the best pension system in the world
The Dutch pension system is at the top of the ‘Melbourne Mercer Global Pension Index’. The Netherlands’ pension system ranked number 1 above 15 other countries. The Index assesses 50% of the world’s population.
International comparison
The Index, which is compiled by the Australian Centre for Financial Studies in conjunction with Mercer, examined the adequacy of benefits, the sustainability and the integrity of retirement systems.
The 15 other countries included in the Index were Australia, Sweden, Canada, the United Kingdom, Chile, Singapore, the United States, Germany, Japan, China, Poland, India, Switzerland, Brazil and France.
Leading the way
The Index once again indicates that the Netherlands has the leading retirement system and boasts advantages such as higher benefit levels, a large industry-wide defined benefit scheme and consequently, a low cost structure. Mercer Senior Partner and author of the report, David Knox, said “the best pension systems adopt a multi-pillar approach to spread these long term risks between governments, employers and individuals. It also forms the basis of the analysis undertaken in this report. Such an approach is also particularly relevant in periods of economic uncertainty, as we are now facing.” The Netherlands has such a system in place.
Amsterdam pension hub
The Amsterdam Metropolitan Area is a significant pension hub both within the Netherlands and internationally. 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.
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