Mercer CFA Institute Global Pension Index 2022 : Converting defined contribution benefits into better outcomes for retirees

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      <subfield code="a">Mercer CFA Institute Global Pension Index 2022</subfield>
      <subfield code="b">: Converting defined contribution benefits into better outcomes for retirees</subfield>
      <subfield code="c">published by Mercer, in collaboration with CFA Institute, who provides some of the funding, and the Monash Centre for Financial Studies. Financial support has also been provided by The Finnish Centre for Pensions and The Icelandic Pension Funds Association..</subfield>
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      <subfield code="a">Pension plans are facing challenges not seen in the global economy in decades as they feel the effects of the pandemic, global conflicts, supply chain disruptions and a reversal of the trend toward globalization. These developments have brought higher levels of inflation, rising interest rates and greater uncertainty in economic conditions, while life expectancies continue to rise and populations age. All these pressures are occurring at a time when individuals are taking on more responsibility as the prevalence of defined contribution (DC) arrangements continue to increase around the world.</subfield>
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