Unlock Retirement Excellence: Top 5 Global Leaders of 2023 Revealed!

Australia: Powering Retirement with Private Superannuation

Australia, averaging a commendable 6, holds the 7th position on the NGRI and the 5th on the Mercer Index. The backbone of Australia’s retirement success lies in its robust private superannuation savings, effectively reducing government pension spending. While Mercer awards Australia a B+ rating, suggesting avenues for growth such as government superannuation contributions for primary caregivers, the country excels on the GRI Index in Finance and Health sub-indices, solidifying its position among the top 10 global retirement leaders.

Australia’s emphasis on financial literacy and the proliferation of innovative financial products, coupled with its commitment to health, contributes to its exemplary retirement system. The nation’s focus on empowering individuals to make informed financial decisions adds a layer of resilience to its retirement landscape.

December 7, 2023 | 9:01 pm