The Netherlands holds onto its crown in global survey on pensions

The Netherlands has held onto the top spot as the country with the best pension system in the world, due to its strong asset base and very sound regulation, according to the Mercer CFA Institute.

The report compared 48 countries across the world, home to 65% of the global population. It looked at more than 50 indicators, examining the level of benefits, how prepared a system is to deliver in the future and how much it can be trusted. 

Based on this assessment, the index graded countries from A to D (and from 0 to 100), with the Netherlands scoring 'A' once again after winning the top spot last year.

Other countries in this category featuring a first-class pension system are Iceland, Denmark and Israel. 

For the overall pension system, northern European countries were generally graded high, with Finland and Norway taking the top spots in the survey - as high as Australia and Singapore. This means that their systems feature a sound structure and have a number of good features. 

Sweden, the UK, Switzerland, as well as Belgium, Ireland, France, Germany, Portugal and Croatia, also earned good grades, with the latter improving significantly since last year's report. 

Meanwhile, some of the world's worst pension systems are to be found in South Africa, Turkey, the Philippines, Argentina and India, according to the Index.

When these countries are analysed for the highest level of benefits, while the Netherlands still tops the ranking, France comes second and Uruguay is listed third. When the sustainability of the pension system is examined, Iceland ranks highest, followed by Denmark and Israel. 

Finland is the place where the pension system can be trusted the most, with Norway and Hong Kong SAR following its lead. 

In an analysis of the worst-performing European countries - Poland came bottom of the list in terms of the level of benefits. 

The sustainability of the pension system appears to be the weakest in Austria, Italy and Spain. Interestingly, based on the scoring, Turkey's system (given 32.2 out of 100) is more certain to deliver in the long-term than these three European countries.

The system is highly trusted across Europe, with Finland scoring the highest, and