Singapore and China improve in Global Retirement Index 2023
Singapore and China have seen an increase in their overall scores in the Natixis Investment Managers Global Retirement Index 2023, according to findings released on Monday. The index, which evaluates factors such as tax pressures, inflation, and old-age dependency, ranked Singapore 26th and China 38th among other nations, indicating a significant improvement from previous years.
Norway maintained its top position in the index for the second consecutive year with a score of 83%, followed by Switzerland at 82%, Iceland at 81%, and Ireland at 80%. Within the Asia-Pacific region, Australia and New Zealand led, ranking seventh and eighth respectively. South Korea followed next, with Japan and Singapore trailing behind.
The Global Retirement Index is a collaboration between Natixis Investment Managers and CoreData Research. It offers a comprehensive benchmark that incorporates various factors crucial for a secure and healthy retirement. These include financial elements as well as aspects such as access to healthcare, climate conditions, governance state, and general population happiness.