Work on incomes, global pension report says

Mercer has this year expanded its Melbourne Mercer Global Pension Index to include New Zealand.

The index reviews global pension systems and assesses the benefits they provide, their sustainability in the context of ageing populations and the level of trust and transparency within their operations. It also recommends actions for improvement in each country.

The report gave New Zealand an overall score of 67.4, or B.

It said the overall index value could be increased by boosting the level of KiwiSaver contributions, raising the level of household savings, increasing the focus on income streams in place of lump sums and continuing to expand coverage of KiwiSaver.