The Global Retirement Index has ranked Nordics quality of life among the best worldwide for those who have retired.

Produced by Natixis Asset Management, the annual index assesses key factors that drive retirement security. This year the results provide the opportunity to compare the best practices in retirement policy across 43 countries.

Northern European countries are at the top of the index: Norway ranks first, followed by Switzerland, Iceland, New Zealand, Sweden, Australia, Germany, the Netherlands, Austria and Canada.  Finland was ranked eleventh and Denmark twelfth.

The report was compiled using data from a variety of sources, including the World Bank, OECD, and WHO. From these, measurement was conducted using four sub-indices: financing of pensions, material wellbeing, health and quality of life.

Retirement systems must change to adapt to new realities
“Retirement was once a simple proposition: individuals worked a lifetime and saved, employers provided a pension, and payroll taxes funded government benefits. The end result was a predictable income stream, generated from three stable sources that could provide a financially secure retirement”, Natixis Global Asset Management President and Chief Executive Officer John Hailer said. “But demographics and economics have rendered old models unsustainable. In response to surging populations and expanding lifespans, employers continue to shift the responsibility of retirement funding to the individual, and policy makers are challenged to respond.”

Read the full 2016 Global Retirement Index report (pdf file): durableportfolios.com
  

Source: durableportfolios.com/Global-Retirement-Index-2016
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