March 2026

Banking and Financial Unions Challenge Joaquín Cortez’s Appointment as Superintendent of Pensions

Union organizations asserted that Joaquín Cortez's education at the Pontifical Catholic University and the University of Chicago "is not an anecdotal detail but a clear signal of his ideological imprint, the same one that shaped the individual capitalization system imposed during the dictatorship and turned pensions into a business rather than a right." In a public statement, the Confederation of Banking and Financial Unions expressed concerns over the appointment of Joaquín Cortez (featured in the photo) as Superintendent of Pensions,...

UK. Pensions and savings hammered as threat of ‘full-scale economic war’ sends shares tumbling

More than £50billion was wiped off the value of the London stock market today – taking losses since the start of the war on Iran to £225billion. On a brutal day for savers with money tied up in shares through their pensions, ISAs and other investments, the FTSE 100 index tumbled more than 200 points or 2 per cent in early trading. The wider FTSE All-share – which includes smaller companies on the London stock market as well as the 100 blue chips...

Risks, returns and realism: Mapping the future of pension investment

By Nicolas Firzli and Nick Sherry  Former Australian pensions minister Nick Sherry and World Pensions Forum director M Nicolas J Firzli explain their new model for visualising the future of asset allocation as interest in private markets and productive finance increases. We are living in the Age of Geo-Economics – defined by the second Trump presidency, the accelerating Sino-American technological rivalry, and the weaponisation of trade, finance and central banking – shaping the Fifth Industrial Revolution – bringing us artificial intelligence, advanced...

Japan’s births hit record low for 10th year as demographic crisis outpaces government forecasts

Japan’s demographic crisis accelerated to a historic velocity last year as the number of births fell for the 10th consecutive year, reaching a record low that threatens the structural integrity of the nation’s social security framework. Data released Thursday by the Ministry of Health, Labour and Welfare revealed that births in 2025 declined 2.1% from the previous year to 705,809. This figure, which includes foreign nationals residing in Japan, represents the lowest level since record-keeping began in 1899 and marks...

February 2026

México. Reducir la inequidad en las pensiones

La presidenta Claudia Sheinbaum Pardo anunció ayer que enviará al Senado una iniciativa de reforma constitucional para eliminar pensiones millonarias de ex funcionarios de organismos descentralizados, empresas públicas del Estado, fideicomisos públicos, empresas de participación estatal y banca de desarrollo. En todos los casos, se limitarán únicamente las jubilaciones de personal de confianza, no de trabajadores que hayan contado con contratos colectivos y cuyos retiros están contemplados en las condiciones generales de trabajo. Asimismo, la reducción surtiría efecto una...

Colombia. “Ahorro necesario para pensión de salario mínimo saltó de $350 a $550 millones”: presidente de Protección

Juan David Correa, presidente de Protección, revela que el alza del salario mínimo encareció la jubilación un 50%. Además, advierte riesgos fiscales en la reforma y defiende la rentabilidad de las inversiones de los fondos en el extranjero. El sistema pensional colombiano enfrenta un momento de cambios profundos tras el agresivo ajuste del salario mínimo y el limbo en el que se encuentra la reforma del Gobierno Petro. Juan David Correa, presidente de Protección, analiza cómo producto de los nuevos...

Are my pensions or investments at risk from an AI bubble?

Artificial intelligence (AI) has been the story driving global markets for the past couple of years. From chipmakers to cloud computing giants, companies associated with AI have driven stock markets to record highs. But alongside the excitement, warnings are growing louder. With several of the so-called Magnificent 7 (Mag 7) seeing declines in recent months, investors are becoming increasingly nervous that the AI bubble is about to burst. If this happens, will it be bad news for your pension or investment portfolio? What...

UK. High-risk DC pension funds failing to match FTSE 100 over five years

Almost nine in 10 (89 per cent) medium-high- and high-risk defined contribution (DC) pension funds have failed to match the FTSE 100's performance over the past five years, according to research from Investing Insiders. The analysis reviewed 12,983 funds available to UK savers between 31 December 2020 and 31 December 2025, collectively holding more than £1trn in assets. Of the 7,370 funds in the medium-high and high risk categories, 6,540 - or 89 per cent - underperformed the FTSE 100 over...

How to bring gig workers into the pension system

Policymakers should consider successful efforts in other countries to bring “informal” workers into pension saving as part of the effort to address the global adequacy problem, according to major new research. A report by the Coller Pensions Institute and D3P Global has listed 20 recommendations for improving access to pension savings for ‘gig’ workers, who work short-term flexible jobs. The institute’s analysis indicates that “informal” workers – including market traders, taxi drivers, and domestic help workers – now make up more...

México. Afores registran plusvalías por más de 158 mil mdp: Consar

Las Administradoras de Fondos para el Retiro (Afore) reportaron plusvalías (ganancias no consolidadas hasta el momento de la jubilación) por 158 mil 471 millones de pesos, informó la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar). De esta forma, revelan datos del organismo que regula y supervisa a las 10 Afore que operan en el mercado, el Sistema de Ahorro para el Retiro (SAR) lleva nueve meses consecutivos con datos positivos. “El sistema continúa con la tendencia...