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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

CPF14102014.jpg
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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RankingCountryScore
1Denmark82.4
2Australia79.9
3Netherlands79.2
4Finland74.3
5Switzerland73.9
6Sweden73.4
7Canada69.1
8Chile68.2
9UK67.6
10Singapore65.9