KUALA LUMPUR (Oct 21): Malaysia scored a C+ rating in the 2019 Melbourne Mercer Global Pension Index (MMGPI), as the country's index value increased from 58.5 in 2018 to 60.6 in 2019 largely due to updated data on the net replacement rate. Malaysia achieved an index of 60.6, surpassing the average global index of 59.3. Malaysia currently ranks 16th in the 2019 MMGPI, just behind Hong Kong as compared to 2018, when it was ranked 20. Mercer Wealth Business Leader for Asia Janet Li said that with the improvement of Malaysia's index rating from C in 2018 to C+ this year, it was pleasing to see Malaysia's rating in the sustainability and integrity sub-indices. "The overall C+ rating shows that the system has some good features, but improvements can be made to increase long-term sustainability and provide more benefits.

Source: The Edge Markets October 21, 2019 03:00 UTC