Retirement security has jumped for the first time in five years, climbing three spots in Natixis Investment Managers’ 2023 Global Retirement Index (GRI) rankings.

The Natixis report showed the UK had climbed up three spots in the ranking to 16^th with an overall score of 73% – well ahead of the US and France, who had scores of 71% and 69% respectively, but behind countries such as Norway (83%), Switzerland (82%), Iceland (81%) and Ireland (80%) who led the table.

The investment manager’s global retirement index assesses factors that drive retirement security across 44 countries where retirement is a pressing social and economic issue. It was compiled by Natixis Investment Managers with support from CoreData Research.