The Grand Duchy offers the best health security, out of 43 countries, for retirees, an investment firm has said.

Overall Luxembourg was the 13th best nation for pensioners, concluded the 4th annual “Global Retirement Index” produced by Natixis Global Asset Management and CoreData Research.

According to report, the index covers “the factors that drive retirement security” by looking at indicators in four “key aspects for welfare in retirement: the material means to live comfortably in retirement; access to quality financial services to help preserve savings value and maximize income; access to quality health services; and a clean and safe environment”.

“Luxembourg maintains its place at 13th overall in this year’s GRI with a score of 76%”, the index stated. “Much of the country’s success is driven by having top fifteen placements in both ‘finances in retirement’ and ‘material wellbeing’ and the highest score in the ‘health’ sub-index.”

Its “finances in retirement” score, 69%, was based on the strength of the Grand Duchy’s banks, and low levels government debt and inflation. “However, the country has some

of the worst rankings for interest rates (38th) and tax pressure (35th).”

Luxembourg’s top 92% score in “health” partly resulted from the fact that: “both life expectancy and health expenditures per capita remain among the highest of the GRI countries”.

The “2016 Natixis Global Retirement Index” (PDF) was published on Tuesday 19 July.

Full rankings:
1. Norway
2. Switzerland
3. Iceland
4. New Zealand
5. Sweden
6. Australia
7. Germany
8. Netherlands
9. Austria
10. Canada
11. Finland
12. Denmark
13. Luxembourg
14. US
15. Belgium
16. Ireland
17. UK
18. Czech Republic
19. Israel
20. France
21. Japan
22. South Korea
23. Malta
24. Slovenia
25. Singapore
26. Slovak Republic
27. Estonia
28. Italy
29. Poland
30. Lithuania
31. Chile
32. Latvia
33. Hungary
34. Portugal
35. Mexico
36. Cyprus
37. Spain
38. China
39. Turkey
40. Russia
41. Brazil
42. Greece
43. India

Published 21 July 2016