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2021 MERCER CFS GLOBAL PENSION INDEX SURVEY

2021 MERCER CFS GLOBAL PENSION INDEX SURVEY

Context:

Recently, India has been ranked at 40th position out of 43 countries in the 2021 Mercer CFS Global Pension Index survey. India had an overall index value of 43.3. In 2020, India was ranked at 34th position out of 39 pension systems.

Key Highlights:

  • Iceland got the top rank with an index value of 84.2.
  • Thailand had the lowest overall index value at 40.6.
  • The 2021 MCGPI, has added 4 new retirement systems: UAE, Iceland, Taiwan and Uruguay.

About the Mercer CFA Institute Global Pension Index 2021:

  • It highlights key strengths of retirement pension systems.
  • It has 3 sub-indexes - adequacy, sustainability and integrity, where India scored 33.5, 41.8 and 61.0 respectively.
  • It benchmarks 43 retirement income systems around the world, highlighting strengths and weaknesses.
  • The Index is published by Mercer, in collaboration with the CFA Institute and the Monash Centre for Financial Studies.

Mercer:

  • It is an American asset management firm.
  • It is the world's largest outsourced asset manager with over US$300 billion outsourced assets under management and US$15 trillion under advisement in total.
  • It is headquartered in New York, United States.

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