July 2025

Why do many Swiss people choose to emigrate in old age?

Having worked their entire lives, paying into the system and forgoing vacations, some Swiss are shocked to discover they can't afford life in Switzerland after retirement. More and more retirees are choosing to leave their homeland – not in search of adventure, but out of sheer necessity. "After working hard for so many years, pensioners are being pushed to the margins of society. When it comes to its own people, I no longer see Switzerland as a social country." State pensions...

México. Se contraen cuentas para el retiro

En el primer semestre del año, el número de cuentas de ahorro de los trabajadores bajo la gestión de las administradoras de fondos para el retiro (Afore) registraron una contracción de 8.41 por ciento, respecto al mismo periodo previo, de acuerdo con las cifras de la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar). Así, de enero a junio del año pasado al mismo periodo de este 2025, las cuentas de ahorro para el retiro pasaron de 75...

Colombia. Los ajustes en el sistema de pensiones que se tendrían que debatir en los próximos años

El proyecto con el que se busca ajustar el modelo de pensiones en Colombia sigue suspendido. La Corte Constitucional aún no ha oficializado el Auto 841, que ordenaba la devolución de la reforma pensional al Congreso para subsanar un vicio de trámite por el que fue demandada. En su más reciente columna, el exministro de Hacienda, José Antonio Ocampo, se refirió a la iniciativa, haciendo énfasis en los cambios que traería al sistema y las salvedades a tener en cuenta si es que...

Debaten reformas para un sistema de pensiones más sostenible y justo en RD

La Superintendencia de Pensiones (Sipen) auspició el conversatorio “Nuevas Tendencias en Pensiones”, junto con la Conferencia Interamericana de Seguridad Social (CISS), representada por su secretario general, Pedro Kumamoto; el Grupo Banco Mundial, representado por el economista Ignacio Apella, y la Fundación Institucionalidad y Justicia (Finjus), con el objetivo de compartir las experiencias de la región en la modernización de sus sistemas de seguridad social. Ignacio Apella, economista senior del Grupo Banco Mundial, compartió su experiencia trabajando con varios países de la región como México, Perú,...

Will the US open 401(k) plans to private markets?

The likelihood that the Trump administration will seek to open up 401(k) retirement savings plans to private markets through an executive order seems to be rising. According to The Wall Street Journal, the order may instruct the labour department and the Securities and Exchange Commission to offer guidance on how to include private asset options in 401(k) plans, which comprised US$12.4 trillion in defined-contribution plans alone as of end-2024. Such proposals have long been surrounded by doubts about their viability for retail...

UK. ‘More to be done’ to improve risk transfer process, SPP says

There is “more that could be done” in terms of efficiency and effectiveness in the risk transfer process, the Society of Pension Professionals (SPP) has stated, despite numerous developments in this area over recent years. The report, Less friction, better transfers: creating a more agile risk transfer process, noted that the UK bulk annuity market has continued to go from strength to strength, and targeting an insurance transaction remains an attractive option for many. Citing data from WTW, the SPP highlighted that the...

SSC: Voluntary Subscription Enables Over 68,000 Jordanians to Receive Retirement and Disability Benefits

The Social Security Corporation (SSC) announced in a press release issued by its media center that more than 68,000 Jordanians have been able to access retirement and disability pensions through voluntary subscription to the social security system. The Corporation revealed that the number of currently active voluntary subscribers has reached approximately 108,000, urging Jordanians who are not subject to mandatory coverage—including Jordanian expatriates working abroad and Jordanian housewives—to enroll voluntarily in order to secure a comprehensive safety net that provides...

UK pension funds commit further £118m to Octopus affordable housing fund

Octopus Capital said it had raised a further £118m (€136m) for its Affordable Housing Fund from three UK local government pension schemes (LGPS), taking the fund’s total funds under management, including co-investment capital to over £360m. The new investment has come from Strathclyde Pension Fund, a Glasgow-based LGPS, with £50m, London CIV with £58m, and Avon LGPS with £10m. Strathclyde is a new investor, while the London CIV and Avon investments are building on previous contributions to a fund that has attracted...

South Korea. Samsung Securities launches pension savings event with gift certificates until 31st

This event targets new customers who sign up for Samsung Securities' pension and existing customers, providing gift certificates based on the amount deposited. The event offers various benefits based on the net deposit amount. The net deposit amount is calculated by combining the ▲new deposits ▲transfer from other companies’ pensions ▲conversion from matured Individual Savings Accounts (ISAs) during the period. First, the 'Pension Savings Together Event' is an event that awards gift certificates based on the net deposit amount of at...

Aumentar la edad de retiro: la disyuntiva de las pensiones en América Latina

El retiro es una de las épocas más deseadas de un trabajador tras décadas de esfuerzo, y a la que puede acceder después de los 60 años, según las leyes dominicanas. Sin embargo, la realidad en el país y en América Latina es que este ahorro, además de ser inconsistente, ya sea por la informalidad o el desempleo, es bajo. Debido a estos y otros factores, se estima que apenas el 20 % de los cotizantes activos logrará las 360 cotizaciones requeridas por el sistema dominicano para...