When AE equals a B – the UK's pensions system ranked

Auto-enrolment has pushed the rating of the UK’s public and private pensions up the ranking of the world’s best pension systems, but greater participation or contributions are needed to reach the level of Australia or even Chile.

The UK scored 67.6 out of a possible 100 this year, up from 65.4 in 2013, placing it ninth in the world according to the 2014 Melbourne Mercer Global Pensions Index.

The Mercer index takes into account a basic public pension, a public mandatory and contributory system, a private mandatory system, a voluntary system and support for elderly people outside pensions.

Denmark was deemed to have the best pension system, receiving an A rating due to its well-funded system with good coverage, “high level of assets and contributions, the provision of adequate benefits and a private pension system with developed regulation”. 

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