According to the Global Retirement Index, it seems that Singapore is now on the 27th place, which is one place better than the last year. There are multiple factors to take into consideration when creating this type of index. The quality of life, material wellbeing, health and finances in retirement have a lot to say in this regard.
Norway is known for being one of the best countries in this regard. Then you have Iceland and Switzerland which are known for offering great retirement security. But these are European countries. When you go towards Asia, you will see that things tend to shift a bit.
Singapore’s government and the focus on retirement benefits are some of the things that did bring in front some really good results. It’s safe to say that the results are getting better and better, which is a crucial thing to take into consideration in this regard. The overall set of benefits provided here is pretty good, but there are some other places to improve. For example, the environmental factors indicators are very good.