UK. Greater pension risk pooling could boost productive investment and saver return
The greater use of collective pension vehicles, including collective defined contribution (CDC) schemes and pe ...
Danish pensions meet 2030 transition investments goal
The Danish pensions industry has met its 2019 joint commitment to invest DKr450 billion ($70.1 billion; €60.2 ...
South Korea. Basic Pension Reform Criticized as Populist, Ineffective
“If this is the case, they shouldn’t have touched it at all… They’ve kept the structure intact while only incr ...
Overseas Stocks Drive Double-Digit Returns for State Plans Like Louisiana and New York
For many state pensions that sought growth outside the U.S., the bet is paying off. Strong gains in non-U.S. a ...
Will Europe dismantle the welfare state? Pension cuts and healthcare collapse threat looms
The economic decline of the once-mighty West is becoming so obvious that even leading economists are starting ...
Ghana. Look beyond government securities – GVCA tells pension funds
Ghana’s private capital ecosystem is attracting growing interest as institutional investors explore opportunit ...
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ARTICLES
Risk Sharing and Asset Pricing under Alternative Retirement Systems
By Li Wei We examine what happens to financial markets and how generations share risk when defined benefit (DB) pension plans are incorporated into an asset pricing model with imperfect markets. We look at how important it is for pension fund growth, changes in asset demand, and return-driven volatility channels to use an adjusted macroeconomic […]
Healthy Longevity as Regenerative Capital: AI-Enabled Prevention, Senior Re-employment, and Climate Risk
By Jules SADEFO KAMDEM Population ageing and climate change jointly threaten the functional capacity that sustains autonomy, labour supply, productivity, and fiscal resilience. This paper develops a continuous- time, age-structured model in which healthy longevity is a regenerative form of human capital. Cohort health is exposed to biological depreciation, a standardised heat-stress state, diffusion risk, […]
Optimal Investment for Retirement with Intergenerational Benchmarking
By Luke Servat & Antoon Pelsser Countries have demonstrated a tendency to switch their second pillar toward defined contribution plans, increasing the market-sensitivity of pensions. This can lead to large differences across generations within a pension fund, as otherwise similar cohorts may experience different market conditions during accumulation. In this paper, we investigate how each […]
NEWS
UK. Greater pension risk pooling could boost productive investment and saver return
The greater use of collective pension vehicles, including collective defined contribution (CDC) schemes and pension superfunds, could improve saver outcomes and unlock more long-term productive investment in the UK, New Capital Consensus (NCC) has argued. In its new report, Redistributing the Risk Burden, the think tank said that the systematic transfer of investment risk from institutions […]
Danish pensions meet 2030 transition investments goal
The Danish pensions industry has met its 2019 joint commitment to invest DKr450 billion ($70.1 billion; €60.2 billion) in the green transition by 2030, according to Insurance and Pension Denmark (IPD). At the end of 2025, green investments had grown to DKr478 billion, the industry association said, with 44 percent of the investments in Denmark. […]
South Korea. Basic Pension Reform Criticized as Populist, Ineffective
“If this is the case, they shouldn’t have touched it at all… They’ve kept the structure intact while only increasing the financial burden on future generations. It’s like telling an overweight patient with adult diseases to lose weight, only to add more fat.” Yoon Seok-myung, 65, a senior honorary researcher at the Korea Institute for […]
Overseas Stocks Drive Double-Digit Returns for State Plans Like Louisiana and New York
For many state pensions that sought growth outside the U.S., the bet is paying off. Strong gains in non-U.S. and emerging market equities have helped propel several public plans like the Louisiana State Employees’ Retirement System and New York State Common Retirement Fund to double-digit returns for their 2026 fiscal years (18.4 percent and 11.9 […]