Fund management

People need to work longer and save more

David Knox, senior partner with Mercer Consulting, says this year's Melbourne Mercer Global Pensions Index shows all countries could do better on pensions. The best countries feature large compulsory retirement schemes that are not reliant on the public sector. The Netherlands tops the league but Japan joins China and India in the bottom three. Even the best can make improvements in contribution rates and encourage people to work longer.