November 2025

Trabajadores dominicanos solo aportan para su pensión durante el 40 % de su trayectoria laboral

Los trabajadores que cotizan al sistema de seguridad social dominicano solo aportan a su pensión, en promedio, en el 40 % de su trayectoria como asalariado, es decir, cuatro de cada 10 meses, y un tercio de los afiliados cotizan muy esporádicamente, mientras que un 20 % mantiene una carrera formal casi completa. Así lo revela un estudio realizado por la Superintendencia de Pensiones (Sipen), en conjunto con el Banco Mundial, en el cual se expone la limitante que existe en la capacidad de acumulación de ahorro para financiar...

The Offshoring of America’s Retirement Savings

Private equity firms and other alternative asset managers — including Ares Management Corp., Blackstone Inc., Brookfield Corp. and KKR & Co. — are reshaping the once-staid world of life insurance. Over the past decade, they’ve bought, built or partnered with insurers that sell policies and annuities, collectively commanding hundreds of billions of dollars. In a previous era, life insurers parked their money in the safest corners of the market — mostly high-grade bonds and big-name stocks. But as Wall Street...

UK Pensions briefing | Government gives the green light to major collective DC expansion

The Government has published a response to its October 2024 consultation on the extension of the collective defined contribution (CDC) scheme regime to unconnected employers. It has also published and laid before Parliament final draft regulations which are due to come into force on July 31, 2026. In addition, it has published a consultation paper on “Retirement CDC” schemes offering a default income solution for members at retirement. The consultation closes on December 4, 2025. What are CDC schemes? In a CDC scheme, employers’ and members’...

Germany’s Merz confronts conservative rebellion over pension reform

German Chancellor Friedrich Merz is facing rising opposition — but this time it’s from within his own conservative ranks. A group of 18 young lawmakers in Merz’s conservative bloc are threatening to stop a pension reform bill put forth by the chancellor’s coalition government, arguing the benefits pledged in the agreement aren’t sustainable and “cannot be justified to the younger generation.” The revolt has turned into a test of Merz’s authority and the durability of his relatively weak government — a coalition between...

ILO Advances Its Work on Social Protection in Ukraine, Supporting the Country’s Ongoing Pension Reform

The ILO team engaged in constructive dialogue with Ukrainian partners. A key discussion took place with Denys Ulutin, Minister of Social Policy, Family and Unity, who shared the Government’s approach to building a system that is resilient and forward-looking. The goal of the policies we are working on is a contemporary, sustainable system that supports people and the economy. It is not only about benefits, but also about creating conditions for development. Denys Ulutin, Minister of Social Policy, Family and Unity...

Ante retos globales, México debe seguir fortaleciendo su sistema de pensiones

Frente a un entorno global marcado por la transformación tecnológica, la transición demográfica y la volatilidad geopolítica, es importante que México siga fortaleciendo la resiliencia del sistema de pensiones, además de diversificar las inversiones y aprovechar la innovación para mejorar los rendimientos y la seguridad del ahorro de los trabajadores, coincidieron especialistas. Durante el segundo y último día del Encuentro Amafore 2025, los expertos también discutieron los retos y oportunidades del Sistema de Ahorro para el Retiro (SAR), al tiempo...

Chile. Fondo A lideró traspasos de fondos de pensiones por tercer mes y el E tiene las mayores pérdidas

El fondo A lideró los traspasos de los fondos de pensiones por tercer mes consecutivo mientras que el E anotó las mayores salidas. De acuerdo al informe de la consultora Ciedess el total de traspasos en septiembre fue de 72.023 (1,2% del total de cotizantes y 0,6% del total de afiliados a dicho mes), correspondiente a un aumento de 0,3% respecto al mes previo y un descenso de 3,9% respecto al mismo mes del año anterior. Del total de traspasos, el...

UK. Most over-50s factoring risk into pension decisions

Research findings around pensions often emphasise the need for people to save and engage more with their pots and retirement planning. Savers not setting aside enough or having little knowledge of pensions are some of the conclusions that such surveys and analyses often draw attention to. Research from Aviva this year, for example, found a notable gap between levels of perceived and actual knowledge around pensions. While more than half of people (53 per cent) described themselves as knowledgeable about pensions, only a third...

China. Long-term capital vital for pension system

BlackRock CCB Wealth Management and China Construction Bank have called for stronger long-term capital support to drive China's pension finance sector, highlighting in a recently released white paper that a stable and transparent capital market is vital for promoting long-term investment, building wealth and ensuring a resilient pension system. By the end of 2024, the total size of China's three-pillar pension system reached 15.66 trillion yuan ($2.2 trillion), accounting for less than 12 percent of GDP, indicating vast room for...

Italy, France and Belgium carry most worrying debts in EU, top bank says

Italy, France and Belgium have the most concerning debt-sustainability outlooks in the EU, according to the latest study published by the National Bank of Belgium. The analysis published today found that Italy, France and Belgium are the most fragile economies in Europe when it comes to government debt. They already carry some of the heaviest debt loads in the European Union, and their problems are made worse by rapid population ageing and rising pension costs. Koen De Leus, chief economist at BNP...