The CFA Institute's assessment reveals that the leading pension systems globally are in the Netherlands, Iceland, Denmark, Singapore, and Israel. Following closely behind are the systems in Sweden, Australia, Chile, Finland, and Norway, showcasing the dominance of Northern Europe in providing top-tier retirement benefits.
Surprisingly, Kazakhstan is placed in the third tier (rated as B, akin to a 4 out of 5) alongside countries like Switzerland, Great Britain, Germany, various European nations, select oil-rich monarchies, New Zealand, and Uruguay, indicating a solid performance in pension system effectiveness.