Singapore has surpassed Hong Kong this year in a global pension index, scoring 74.1 against Hong Kong’s 64.7. The Mercer CFA Institute Global Pension Index by American asset company Mercer and the CFA Institute compared 44 retirement income systems in terms of adequacy, sustainability, and integrity, covering 65% of the global population. Hong Kong was rated C+, the fourth-best group, this year, while Singapore was categorised into the B group. Hong Kong’s Mandatory Provident Fund Authority said it will continue to encourage the launching of more retirement products after receiving a higher score in the global pension index. The city’s score a year ago was 61.8.
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