By Carolina Salva & Tim Alexander Kroencke We survey 28 leading Swiss pension fund consultants and asset managers to understand the factors and their ranking driving institutional asset allocation decisions. The risk tolerance of pension fund boards, target returns, and risk-free rates emerge as the most influential factors, while traditional portfolio theory predictors such as […]

By Burkhard Heer & Mark M. Trede We develop a medium-scale overlapping-generations model with endogenous labor supply and skill premium to study optimal income redistribution using progressive labor income taxes and pensions. The model is calibrated to the four countries USA, Great Britain, Italy and Germany which differ substantially in their tax and pension systems, […]

By Peter A. Diamond Public pension systems are long-term social contracts operating under persistent economic, demographic, and political uncertainty. Periods of turbulence, marked by financial shocks, changes in longevity, and shifting labour markets, test the capacity of pension institutions to adapt while maintaining adequacy, equity, and legitimacy. Building on earlier joint work on pension economics […]

Four in 10 Gen Z workers are on track for retirement poverty if they remain at auto-enrolment contribution levels, according to research from Penfold. The research found that younger people want to retire earlier and achieve greater financial freedom, but retirement saving can struggle to compete with more immediate financial priorities, with high housing costs […]

The Foundation for Applied Economic Studies (Fedea) has presented a paper in which it appreciates an improvement in the structural sustainability of the public pension system in Spain after the reforms of 2021 and 2023, focused on strengthening revenues and delaying the effective retirement age. However, the document insists that these conclusions should be taken […]

Ageing New Zealanders are finding it difficult to make the two ends meet as the surging cost of living hits them hard, according to a new survey. The survey ‘The Silver Dollar Report 2026’ was conducted by New Zealand Seniors Insurance in partnership with consumer research group MYMAVINS and surveyed more than 500 New Zealanders […]

The average number of investment options in a retirement plan lineup has been increasing slowly over the last few years, according to data from PSCA’s Annual Survey. For years, the conversation was around reducing the number of options available so as to not overwhelm employees with too many choices which can lead to them not […]