August 2025

India. Switching from UPS to NPS? Govt clears one-time window with strict eligibility rules

The Ministry of Finance has introduced a one-time, one-way switch option for Central Government employees currently enrolled under the Unified Pension Scheme (UPS), allowing them to move to the National Pension System (NPS). According to an official memorandum dated August 20, 2025, this facility is available to UPS subscribers up to one year before their superannuation or three months before voluntary retirement. Employees facing dismissal, removal, or disciplinary action will not be eligible. Once the switch is exercised, employees will no...

Reforma de pensiones en Perú podría durar solo dos años antes de derogarse

No alcanza para vivir hoy, y las pensiones para el mañana tampoco aseguran un sustento digno. La experiencia en Chile y Argentina demuestra que un sistema mixto, que combina reparto y ahorro complementario, es la vía más realista para garantizar un futuro previsional seguro. Sin embargo, como advierte Álvaro Vidal, abogado especialista en sistemas pensionarios, la Ley N.º 32123 de reforma de pensiones pendiente de reglamentar no establece realmente un sistema de pensiones mixto, sino un sistema de pensiones que favorece a las privadas,...

Chile. “Retrocesos” y “pelota al córner”: Jara y Kast chocan en redes sociales por programas presidenciales

Un intenso cruce de declaraciones han protagonizado en las últimas horas los candidatos presidenciales Jeannette Jara (PC) y José Antonio Kast (Republicanos), en medio de críticas cruzadas por sus propuestas programáticas, especialmente en el área de pensiones y economía. Críticas de Jara a las propuestas de Kast La polémica se inició el viernes, cuando la abanderada oficialista cuestionó duramente las medidas económicas de Kast, calificándolas como “propuestas para la galería” y acusando que constituirían un “castigo para los adultos mayores”. En particular, Jara criticó la...

UK. Thousands of pensioners overcharged £10,000 on pension withdrawals

Thousands of pensioners have claimed back more than £10,000 after being overcharged tax on their pension withdrawals, new analysis shows. A handful of people in the UK were given a refund worth more than £100,000. The HMRC figures, which were obtained by Royal London through a freedom of information (FOI) request, show an increase in the number of refunds claimed in 2023-24. Pension freedoms, which came into force from 2015, gave over-55s a range of options over how to use their defined contribution (DC) pension pot. Generally,...

US. Bitcoin 401(k)s thrill crypto investors but carry serious risks

US President Donald Trump signed an executive order on Aug. 7, allowing crypto in 401(k) retirement plans. The crypto industry has called the move a win for adoption, but investment professionals warn it comes with significant risk. The order “Democratizing Access to Alternative Assets for 401(k) Investors” directed US financial regulators to expand access to crypto and private companies in 401(k) plans. The 401(k) employee-sponsored investment scheme is one of the most popular retirement plans in the US. As of 2024,...

South Korea:New strategy to encourage young citizens to enrol in national pension system

The South Korean government is promoting a new policy called first-time youth national pension by supporting three months of insurance premiums for youth turning 18 years old when they first enrol in the national pension. According to the ministry of health and welfare the three months of premium payment support will be available to those between 18 to 26 years of age entering the scheme for the first time. The policy will apply to those who turn 18 in 2027....

Afghanistan resumes pension payments for civilian and military retirees

The Ministry of Finance has announced that, under the directive of the supreme leader of the Islamic Emirate, pension payments for civilian and military retirees across Afghanistan have officially resumed. Mohammad Rahmani, Director General of the Pension Fund at the Ministry of Finance, told a press conference in Kabul that the payments will follow a well-organized plan and fixed schedule to ensure timely distribution. He added that only retirees whose documents have been fully processed and verified by the special...

México. Cuidado de adultos mayores en México: el reto económico para familias, pensiones y aseguradoras

Se estima que para 2050 una cuarta parte de la población será de adultos mayores, de acuerdo con una previsión del Instituto Nacional de Estadística y Geografía (Inegi), lo cual tiende a ser una carga importante para la economía de las familias, pero también para las aseguradoras. De acuerdo con datos de portales de servicios de cuidados a adultos mayores, el costo promedio al mes ronda los 22 mil 500 pesos, lo cual es una carga importante para los hogares,...

Colombia. Fondos de pensiones reportan caída del 15% en utilidades en el primer semestre de 2025

La Superintendencia Financiera de Colombia presentó el balance del sistema financiero con corte a junio de este año. El informe reveló quelas Administradoras de Fondos de Pensiones ( AFP ) obtuvieron utilidades por $601.200 millones en el primer semestre de 2025. La cifra representa una caída del 15% frente al mismo periodo de 2024, cuando las ganancias sumaron $706.100 millones. Recursos administrados en el sistema pensional crecieron 12,5% en un año Pese a la caída en utilidades, el valor de los recursos administrados por los fondos de pensiones y cesantías mostró un...

ESG round-up: UK pension fund to poll members on defence investment

Avon Pension Fund is set to poll its beneficiaries on their stance on investment in the defence sector, to inform a decision later this year by its Pension Committee on how to approach the sector. Under UK fiduciary law, a pension fund may take non-financial considerations into account in its investment decisions if, among other things, they have good reason to believe that a majority of scheme members would share their views. The survey will aim to gather views...