Why Latin America is emerging markets’ most overlooked region
Each month at BPM, we offer a slate of articles and content pieces that go deep on a particular topic. This mo ...
EU. Pension expenditure rises by 6.2% in July, reaching a record high of €14.432 million
Pension expenditure reached €14.4319 billion in July, up 6.2% compared with the same month last year, accordin ...
UK. DC market entering new era as focus shifts from participation to outcomes
The UK defined contribution (DC) market is entering a new phase as attention shifts from participation towards ...
US. Private vs. Public Pensions: How Does Their Funding Stack Up?
Running any pension plan entails challenges and has characteristics different from those of other retirement s ...
Ghana. BoG calls for shift from financial access to financial health to deepen inclusion
Ghana must move beyond expanding access to financial services and focus on improving the financial well-being ...
OECD: Mexico’s Pension System Remains a Work in Progress
Mexico has made substantial progress reforming its pension system over the past decade, but the work is far fr ...
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ARTICLES
Transductive infrastructure: The role of ICTs in the UK and EU’s policy initiatives on financial literacy
By Jing Wang & Jiuheng He Information and communication technologies (ICTs) have become central to public-facing policy programs, yet they remain undertheorized, only treated as either instruments or objects of such policies. This paper argues that ICTs in such programs operate as transductive infrastructures, a delivery chain not only transmitting policy information but also defining […]
When States Break Promises: Informal Insurance Responses to Pension Reform
By Alina Malkova When governments expand pension systems, families reduce intergenerational transfers. This paper tests the reverse: do families substitute back toward informal insurance when governments renege on pension promises? I study Russia’s 2014 funded pension freeze, which eliminated future contributions for workers born after 1967, using RLMS panel data (2010–2023) and a cohort difference-in-differences […]
Retirement at Risk: The Political Economy of Public Pension Governance
By Allen Mendenhall & Dan Sutter State public pension systems manage over $6 trillion in assets while facing approximately $1.3 trillion in unfunded liabilities, raising fundamental questions about governance effectiveness and fiduciary accountability. This Article examines these challenges through the analytical framework of governance, applying insights from public choice, principal-agent models, and corporate governance to […]
NEWS
Why Latin America is emerging markets’ most overlooked region
Each month at BPM, we offer a slate of articles and content pieces that go deep on a particular topic. This month, we’re focusing on Emerging Markets and the sectors and countries within the asset class. In a market cycle dominated by AI supply chains and semiconductor plays concentrated in Asia, Latin America – or […]
EU. Pension expenditure rises by 6.2% in July, reaching a record high of €14.432 million
Pension expenditure reached €14.4319 billion in July, up 6.2% compared with the same month last year, according to figures provided by the Ministry of Inclusion, Social Security and Migration, which include the adjustment approved by the Government for 2026. In the seventh month of the year, 10,517,634 pensions were paid to more than 9.5 million people. […]
UK. DC market entering new era as focus shifts from participation to outcomes
The UK defined contribution (DC) market is entering a new phase as attention shifts from participation towards pension adequacy and member outcomes, according to Hymans Robertson. In its latest paper, UK DC pensions in 2026: from participation to outcomes, the consultancy said that automatic enrolment (AE) had successfully brought millions more people into workplace pension saving, […]
US. Private vs. Public Pensions: How Does Their Funding Stack Up?
Running any pension plan entails challenges and has characteristics different from those of other retirement saving vehicles. But even among pension plans themselves there are variations. Pension plans run by private-sector employers and those run by governmental entities for their employees share their ultimate purpose of providing dependable and predictable revenue to their covered retirees. […]