S'pore slips in global retirement ranking

The fall to 41st spot from 28th last year shows welfare issues need more fine-tuning, writes GENEVIEVE CUA

SINGAPORE has dropped out of the top 30 countries in Natixis Global Asset Management's 2014 Global Retirement Index, reflecting a decrease in the welfare of Singapore's retirees relative to other nations.

Singapore's rank fell from 28th in 2013 to 41st. This is the second year of the publication of the index.

Three Asia-Pacific countries are in the top 30 - South Korea, whose ranking rose from 27th previously to 17th; Australia which rose to fifth from 11th spot previously; and Japan, which fell 12 places from 15th to 27th spot.

The index is a composite welfare index which combines 20 indicators, grouped into four sub-indices.

These four cover relevant considerations for welfare in old age, comprising:...

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