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The UK’s retirement system could be improved by bringing more people, including the self-employed, into private pension schemes and raising the contribution levels required under automatic enrolment, according to a global report. ‌

The UK was graded ‘B” in the 17th annual Mercer CFA Institute global pension index - alongside several other countries such as Canada, New Zealand, France, Mexico, Belgium, Croatia, Germany and Ireland. Countries which received an ‘A’ grade included the Netherlands, Iceland, Denmark, Singapore and Israel. Those rated ‘B-plus’ included Sweden, Australia, Chile, Finland and Norway. ‌

The report noted that in the UK the minimum pensions contribution rate under auto-enrolment is 8 per cent. This is made up of employer and employee c

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