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A new report from Morningstar evaluates retirement systems in eight “highly educated and wealthy countries” often cited in independent studies as being among the best in their regions. In a recent webinar reviewing the report, authors Andy Pettit, director, policy research at Morningstar, and Lia Mitchell, senior analyst, policy research, discussed some of the more effective features that they found in the countries that they studied and some areas that would benefit from change in those countries, including the United States.

The report, “Going Global: An Evaluation of Retirement Systems Around the World,” found that the hallmarks of the most effective workplace schemes are government-mandated contributions, savings incentives and transparent oversight or benchmarking of funds’ performance and costs. Countries evaluated included the U.S., Australia, Canada, Hong Kong, Singapore, Sweden, New Zealand and the United Kingdom.

 

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