Mercer ranks Malaysia third in Asia for retirement income system

The report stated that Malaysia is ranked 13th for sustainability which measures the likelihood a system will be able to provide benefits into the future.

KUALA LUMPUR: Malaysia’s retirement income system has been ranked third in Asia and 19th overall by the 12th annual Mercer CFA Institute Global Pension Index, a study of 39 retirement income systems across the globe which cover almost two-thirds of the world’s population.

However, Malaysia’s overall index value fell slightly from 60.6 in 2019 to 60.1 in 2020 due to several small movements in the sustainability sub-index, Mercer, a wholly-owned subsidiary of Marsh & McLennan Companies, said in a statement on Tuesday.