Iceland has best pension system in the world; India near bottom of Index

Iceland has the best pension system in the world, according to the Mercer CFA Institute Global Pension Index for 2021 —  a global study that shines a light on how nations are preparing their aging populations for retirement. It drew praise for being well governed and providing strong benefits to retirees, including a generous state pension.

The scores of 11 countries, including India and South Korea, slipped this year as the world battles to limit the economic fallout from the Covid-19 crisis.
 

The current economic environment with reduced wage growth, historically low interest rates and shrinking returns in many