UAE ranks 25th in the global pension indicators, says report

UAE ranks 25th in the global pension indicators, says report

The report covers 44 global pension systems, equivalent to 65 per cent of the world's population

Published: Wed 19 Oct 2022, 6:26 PM

A Mercer Institute report focused on measuring global pension indicators revealed that the UAE is ranked 25th in its annual study, which included 44 global pension systems – equivalent to 65 per cent of the world’s population. The report monitored relevant indicators regarding retirement income systems around the world, and highlighted several proposals that could contribute to providing more adequate and sustainable retirement benefits to the residents of these countries.

Hanan Al-Sahlawi, Executive Director of the Pensions Sector at the General Pension and Social Security Authority (GPSSA), said: "The UAE's 25th position according to the 14th annual Mercer CFA Institute Global Pension Index (MCGPI) report reflects the government's ongoing efforts to develop the pension system in the UAE, and reflects the distinguished performance shown by operating pension funds, whether at the organisational, operational or investment level.”

Al-Sahlawi said that the UAE occupied the 25th place globally due to the income system in place for pensioners, which is a significantly advanced rank in light of the UAE’s competition for pension funds. This is distinguished by experience and tradition, compared to the age