May 2025
27May

UK. Only 40 percent know their pension is being invested

6 in 10 people don’t know their pension is invested. Men are far more likely to know their pension is invested – 51% compared to 28% of women. Workplace pension members are typically automatically put into a default fund. Investment returns have a huge influence on people’s pension outcome. Clare Stinton, head of workplace saving analysis, Hargreaves Lansdown: “If you have a pension, you’re an investor. Unfortunately, most people don’t realise this, so they risk missing a golden opportunity...

May 27, 2025
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27May

South Korean insurers bag $10b in profits for 2024

The increase was mainly driven by higher investment income across life and non-life. The preliminary net income of 22 life insurance and 32 non-life insurance companies in South Korea accumulated $10.32b (KRW14.14t) for 2024, up 4.6% year-on-year (YoY), data from the Financial Supervisory Service showed. The increase was mainly driven by higher investment income across both life and non-life segments. Life insurance companies reported a net income of $4.1163b (KRW5.6374t), up 7.1% YoY. Despite a $581.4m (KRW796.4b) decline in insurance income due...

May 27, 2025
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27May

South Africa. Treasurer accused of ‘double standard’ on PM’s $300k pension

Treasurer Jim Chalmers has been accused of double standards by allowing Prime Minister Anthony Albanese and veteran public officials to delay paying the new superannuation tax until retirement. Interest will be charged annually on the deferred tax liability at the long-term government bond rate, currently about 4.5 per cent. Read More @@afr

May 27, 2025
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23May

Sustainability reporting on pension schemes the path forward

In an era marked by growing awareness of environmental, social and governance (ESG) considerations, sustainability reporting has emerged as a crucial aspect for organisations, investors and stakeholders. For pension schemes, particularly, integrating sustainability into their reporting frameworks is more than just a regulatory requirement; it’s an ethical imperative that aligns with the long-term nature of their commitments to retirees and the society. Read the complete book here

May 23, 2025
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23May

European semester thematic factsheet adequacy and sustainability of pensions

Pensions are the main source of income for older people in Europe, coming mostly from 'pay-as-you-go' public schemes. Retired people drawing a pension are a significant and — due to demographic ageing — a growing part of the EU population (about 124 million, or a quarter of the total population1). European pension systems are facing the dual challenge of remaining financially sustainable and being able to provide Europeans with an adequate income in retirement. The key purpose of pension...

May 23, 2025
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23May

A Canadian Approach to Rethinking Technology Design for Aging Populations

By Milena Head Older adults are the fastest-growing segment of the population. In Canada, one in five people are 65 or older, and by 2065, this will increase to more than one in four. Yet, despite their growing numbers, older adults often face exclusion and marginalization in technology design. This digital divide has significant consequences, leading to isolation, loneliness, frustration, and poor health outcomes, particularly when we intersect factors like lower socioeconomic status, race, gender, and immigrant status. Source: @SSRN

May 23, 2025
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05May

Brazil social security minister latest to quit in major pension fraud scandal

Brazil's Social Security Minister, Carlos Lupi, has resigned nine days after police unveiled a major corruption scandal which defrauded pensioners of $1.1bn (£829m). Federal police allege that over the past decade, the National Social Security Institute (INSS) made unauthorised deductions from payments made to millions of pensioners. The money was allegedly paid to several associations and unions, which then shared the earnings with corrupt government officials. Lupi has always denied any wrongdoing and said he ordered an investigation as soon as he...

May 5, 2025
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April 2025
09Apr

State of Social Protection Report 2025: The 2-Billion-Person Challenge

By The World Bank   Today, more people have access to social protection now than at any point in history. Over the last decade, 4.7 billion people across low- and middle-income countries gained access to social protection. However, critical gaps remain. Two billion people in those countries remain uncovered or inadequately covered by social protection. The State of Social Protection Report 2025: The 2-Billion-Person Challenge documents advances and challenges to strengthening social protection and labor systems across low- and middle-income countries and...

April 9, 2025
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March 2025
28Mar

Parental Leave Policies, Fertility, and Labor Supply

By Daisoon Kim & Minchul Yum South Korea has been facing persistently low fertility rates and large gender gaps in labor supply. In response, the government has expanded parental leave benefits to address these challenges. To evaluate the effectiveness of these policies, we develop a quantitative, heterogeneous-household life-cycle model in which couples make joint decisions on careers, labor supply, savings, and child-related choices, including fertility, childcare, and parental leave take-up. The model is calibrated to recent Korean cohorts to replicate...

March 28, 2025
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28Mar

Considerations on ESG Investment Implementation

By Laura T. Starks Although interest in investing according to environmental, social, and corporate governance (ESG) standards is widespread, investment managers face a number of basic considerations with their portfolio choices. In this article, I give a high-level overview of these considerations within the context of the investor motivation: ESG values, ESG value, or both. These considerations include whether investors should exclude certain firms or use a positive tilt; how they could integrate ESG into an investment approach; the role...

March 28, 2025
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