Denmark scores top marks in retirement income report

Only the Netherlands was deemed to have better income conditions for its retirees

Christian Wenande

Nov 24, 2015

According to the 2015 Retirement Income Adequacy report (RIA) from the German finance services company Allianz, Denmark is one of the best nations in the world in terms of providing adequate retirement income for its citizens.

Denmark was ranked second behind the Netherlands out of 49 countries, just ahead of Norway, Switzerland and Japan, which completed the top five.

“The Netherlands, Denmark, Switzerland, the US and Sweden show very high scores for their funded pillars besides a high to moderate level for their public pension; moreover, they show strengths in the additional factors, non-pension wealth, low spending needs for health and good progress with respect to an extended working life,” the report found.

READ MORE: Dansk Industri proposing to remove top tax bracket and increase pension age faster

‘Dejlig’ to retire
Denmark ranked fourth for the ‘spending needs’ sub-indicator, 11th for ‘non-pension wealth’ and 16th for ‘transition from work’.

The RIA (here in English) ranked the nations by examining relevant elements of public and private pension schemes and non-pension factors that influence the financial well-being of retirees.

The US, Austria, Sweden, Hungary and New Zealand rounded up the top 10, while other notables included Canada (12), Germany (13), the UK (14), Brazil (16), France (20), South Korea (31), Australia (34), Russia (36), China (43) and India (47).

“Talents, start using AI tools now,” says Siri and Change.org founder

In an exclusive interview with The Copenhagen Post, the founder of Siri and Change.org, and currently VP of AI Experience at Airbnb, gives young talents advice on how to deal with the job market changed by artificial intelligence.
Testing free school meals for 20,000 kids and tax deduction for homeowners in 2025 Finance Act

The government has reached an agreement on next year’s Finance Act with SF and Radikale Venstre. A test on free school meals for a limited number of children will be introduced. Homeowners will get more options for deductions for home improvements
Make your voice heard as an expat

In my last op-ed, I made the case that we, expats living in Denmark, need to step up if we want to tackle the headaches that seem baked into expat life—e.g., counterintuitive laws and endless paperwork. With almost 16% of Denmark’s population made up of internationals, we actually have the numbers to influence real change. But after publishing the last op-ed, several readers contacted me and asked: Okay, but what can we actually do?
Danish politicians will double life science exports in a few years

“Strategy for life science” is a policy agreement to support the pharmaceutical industry’s opportunities to double exports to DKK 350 billion towards 2030
Royal House unveils new portraits of King Frederik and Queen Mary

Ten months after Frederik went from crown prince to king, new civil portraits of the new royal couple have been taken.
“Without internationals, we wouldn’t have the people we need,” says Fujifilm

Fujifilm’s Hillerød facility thrives with a diverse workforce, employing over 1,800 people from more than 65 nationalities. Morten Munk, Director of Global Alliance Management, highlights how the company’s rapid growth relies on attracting international talent due to Denmark’s limited pool of scientific professionals.

Connect Club is your gateway to a vibrant programme of events and an international community in Denmark.

5 Dec: A guided tour of Christiansborg

Career

“Talents, start using AI tools now,” says Siri and Change.org founder

In an exclusive interview with The Copenhagen Post, the founder of Siri and Change.org, and currently VP of AI Experience at Airbnb, gives young talents advice on how to deal with the job market changed by artificial intelligence.
“Without internationals, we wouldn’t have the people we need,” says Fujifilm

Fujifilm’s Hillerød facility thrives with a diverse workforce, employing over 1,800 people from more than 65 nationalities. Morten Munk, Director of Global Alliance Management, highlights how the company’s rapid growth relies on attracting international talent due to Denmark’s limited pool of scientific professionals.
“Now the biggest challenge is to retain internationals”, says Ferring

Mads Hougaard, senior HR director at the pharmaceutical company, explains that “it is also a challenge for society itself. I think collaboration between institutions, companies, and stakeholders could be beneficial.”

Want to advertise your job with CPH Post?

Jobs