overview

Advanced

'..the Netherlands and Denmark best placed with A-Grade world class retirement income systems with good benefits..'

Posted by ProjectC 
'Steve Randall of Wealth Professional reports, Canada’s retirement system is strong but there are risks:

'Canada is ranked 10th overall with the Netherlands and Denmark best placed with A-Grade world class retirement income systems with good benefits - clearly demonstrating their preparedness for tomorrow’s ageing world.

..

The Netherlands ended Denmark’s six-year winning streak by clinching first place in the 10th-annual Melbourne Mercer Global Pension Index (MMGPI), released on Monday. Finland’s system ranked third, followed by Australia’s.

The index measures 34 pension systems, revealing both the Netherlands and Denmark to have A-grade, world class retirement income systems with scores of 80.3 and 80.2 respectively.

Common across all results was the growing tension between adequacy and sustainability, author of the study and a senior partner at Mercer, David Knox said.'

..

Well, when it comes to healthcare or retirement, we shouldn't be looking to the US for guidance, we need to improve on our great DB plans and look at improving coverage for everyone regardless of whether they work in the public or private sector.

More importantly, we should be looking at the Dutch which seem to have solved their pension problem and continue doing well despite the challenges to that system.'

- Leo Kolivakis, Risks to Canada's Retirement System? October 25, 2018



Context

'..all of Canada's large pensions offer their members, peace of mind knowing their retirement is being managed properly.'