NZ pensions: good effort, could try harder

On the NCEA scale of ‘not achieved’ to ‘excellence’, the New Zealand retirement income system sits comfortably in the ‘merit’ range, if the latest Mercer Global Pension Index study is any guide.As an old-school actuarial consulting firm, Mercer uses the old-school A-to-E marking system for better comprehension among its target market. By that measure NZ gets a B, or maybe B-minus this year after losing a few points.For further clarity, Mercer also supplied the underlying percentage scores across each of the 3...