Mercer index highlights challenges facing pensions

Pensions in Asia and globally have improvements to be made, particularly as pensions systems shift from a defined benefits to defined contributions scheme and withdrawals during the pandemic are likely to have long-term effects, Mercer representatives said. Several challenges stand in the way of ensuring the adequacy of retirement incomes, said Mathias Cormann, secretary general of the Organisation for Economic Co-operation and Development (OECD) during the Mercer webinar on Tuesd…