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CPF best retirement scheme in Asia, but lacks adequacy: Mercer

With changes recently announced to scheme, Singapore's score should improve in the coming years

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SINGAPORE'S Central Provident Fund (CPF) scheme continues to be the best retirement system in Asia, although adequacy - or the lack of it - remains its primary shortcoming - PHOTO: ST

Singapore

SINGAPORE'S Central Provident Fund (CPF) scheme continues to be the best retirement system in Asia, although adequacy - or the lack of it - remains its primary shortcoming.

So says the latest Mercer Melbourne Global Pension Index (MMGPI), which measures 25 retirement

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Market voices on:

RankingCountryScore
1Denmark82.4
2Australia79.9
3Netherlands79.2
4Finland74.3
5Switzerland73.9
6Sweden73.4
7Canada69.1
8Chile68.2
9UK67.6
10Singapore65.9
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