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India Ranks Lowest in Mercer CFA Institute Global Pension Index (MCGPI) 2025.

International | Dated: 21 Oct 2025

In October 2025, Mercer, in collaboration with Chartered Financial Analyst (CFA) Institute and Monash Centre for Financial Studies (MCFS), released the 17th edition of the Mercer CFA Institute Global Pension Index (MCGPI) 2025. The report evaluated retirement income systems of 52 countries, representing 65% of the world’s population, highlighting global pension performance and key improvements.

🎯 Key Highlights:

  • - India ranked 52nd, the lowest among all countries in the MCGPI 2025, with an overall score of 43.8 out of 100, slightly down from 44.0 in 2024. The country received an overall index grade of “D,” alongside Turkiye (48.2), the Philippines (47.1), and Argentina (45.9), which are also in Group D.
  • - The Netherlands secured the top position in the index with a score of 85.4, followed by Iceland at 84.0 and Denmark at 82.3. Other Grade A pension leaders include Singapore and Israel. The Netherlands is notable for transitioning from a collective pension system to a Defined-Contribution (DC) structure under the Future Pension Act.
  • - Singapore achieved an overall score of 80.0, becoming the first Asian country to attain a Grade A ranking.

💡 Other Important Facts:

  • (i) The MCGPI 2025 reported improvements in eight countries’ grades. Chile and Sweden advanced to B+, Hong Kong (Special Administrative Region, SAR) to B, Kazakhstan and Saudi Arabia to B, Malaysia to C+, South Africa to C, and Singapore to A. Notably, no country’s grade was downgraded in the 2025 report.
  • (ii) The 2025 edition introduced four new countries: Kuwait (score 71.9, Grade B), Namibia (59.1, Grade C), Oman (60.9, Grade C+), and Panama (59.1, Grade C). Kuwait stood out as a new entrant by leading the “Adequacy” sub-index with a score of 86.6, demonstrating strong retirement income provision.
  • (iii) In addition to overall rankings, the MCGPI 2025 highlighted sub-index leaders in key pension dimensions. Kuwait leads the Adequacy sub-index (86.6), Iceland tops the Sustainability sub-index (85.7), and Finland leads the Integrity sub-index (90.6), reflecting global best practices in pension adequacy, long-term sustainability, and system governance.

📚 Test Your Knowledge:

Recently, in the Mercer CFA Institute Global Pension Index (MCGPI) 2025, what rank did India secure?

Correct Answer: 52nd

🚀 Quick Recap:

About Mercer

  • Chief Executive Officer: Pat Tomlinson
  • Headquarters : New York, the United States of America (USA)