August 2025

Social Security isn’t the broken piece of America’s retirement crisis. Here’s what really needs to be fixed.

In the beginning, the aims of Social Security were both noble and modest. “We have tried to frame a law,” said President Franklin D. Roosevelt at the signing of the Social Security Act, “which will give some measure of protection to the average citizen and to his family against the loss of a job and against poverty-ridden old age.” It was Aug. 14, 1935. The key phrase was “some measure of protection.” Social Security was never meant to be the principal...

Retirement with dignity? The debate on active ageing in Europe

With an ageing population and increased life expectancy, Europe faces a very concrete challenge: how to fund its pension systems. Earlier this year in Brussels, pensioners took to the streets to demand better job security and to oppose the raising of the retirement age. In Europe, some are advocating lowering the retirement age as a way to improve workers' quality of life and to encourage generational turnover in the workforce. Others argue that this would jeopardise the sustainability of pension systems,...

Retirement with dignity? The debate on active ageing in Europe

With an ageing population and increased life expectancy, Europe faces a very concrete challenge: how to fund its pension systems. Earlier this year in Brussels, pensioners took to the streets to demand better job security and to oppose the raising of the retirement age. In Europe, some are advocating lowering the retirement age as a way to improve workers' quality of life and to encourage generational turnover in the workforce. Others argue that this would jeopardise the sustainability of pension systems,...

México. Sheinbaum ordena revisar pensiones millonarias en Pemex y confirma cancelación de compra de planta en Veracruz

La presidenta Claudia Sheinbaum informó este martes que su gobierno realiza una revisión a fondo de las pensiones millonarias que reciben funcionarios de confianza en Petróleos Mexicanos (Pemex), las cuales calificó como “muy exageradas“. La mandataria adelantó que habrá “sorpresas” una vez que se presenten los resultados del análisis. En un año se paga de pensiones de Pemex cerca de 90 mil millones de pesos. Estamos revisando las pensiones más altas... porque no puede ser que una persona tenga estas pensiones millonarias”, declaró en su...

Perú. Comisión de Economía 2025-2026: Las posiciones sobre el retiro AFP de los tres miembros

La Comisión de Economía, Banca, Finanzas e Inteligencia financiera se instaló finalmente el pasado martes 12 de agosto, con tres nuevos miembros al mando de las propuestas económicas del Congreso. Como se sabe, entre estas está el retiro AFP de hasta 4 UIT (S/21.400) para todos los afiliados. Ahora Victor Flores Ruíz (Fuerza Popular) es el presidente de esta comisión, mientras Ana Zegarra (Somos Perú) es la vicepresidenta, y Elvis Vergara (Acción Popular) está como secretario. Con este grupo directo, ¿cuál es el panorama para el retiro AFP? Si bien tanto el presidente...

Argentina. Tensión en una nueva marcha de jubilados frente al Congreso argentino

Jubilados argentinos llevaron a cabo este miércoles una nueva protesta en las inmediaciones del Congreso en Buenos Aires, en contra de la reciente decisión del presidente Javier Milei de vetar una ley que ordena un alza en las pensiones, y registraron, una vez más, momentos de tensión con las fuerzas de seguridad. Con pancartas que repudiaban el veto presidencial, banderas argentinas y mensajes de rechazo al ajuste, decenas de manifestantes se agruparon, como hacen todos los miércoles desde hace meses,...

Global investors find greener pastures beyond US borders

A sharp US$13.6bn moved into global ex-US equity funds in July, the largest monthly inflow since December 2021, as per LSEG Lipper data reported by Reuters. Investors increasingly redirected capital away from the United States, citing economic concerns, high stock valuations, and a weakening dollar. According to S&P Global, July’s US Consumer Price Index (CPI) rose 2.7 percent year-on-year, unchanged from June and below market expectations. While this bolstered market conviction for a September interest rate cut—pricing in nearly 100 percent likelihood compared to...

UK investment industry reaches £10tn; share of pension assets falls to 27%

The share of pension assets managed by the UK investment management industry has fallen from a peak of 45 per cent of total assets under management (AUM) in 2018 to 27 per cent in 2024, the Investment Association (IA) has revealed. The IA's report explained that the fall was driven by an increasing number of defined benefit (DB) schemes winding down as memberships age, alongside schemes achieving full funding and transferring their liabilities and assets to insurers. The IA also highlighted...

Romania proposes pension reforms as it moves to join OECD

Romanians will be limited to withdrawing a quarter of their private pension funds upon retirement and will receive the rest in monthly payments under a draft reform of the system unveiled on Friday that aims to boost the country's OECD candidacy. The EU member state overhauled its communist-era pension system in 2008, making it compulsory for working Romanians under 35 to contribute to a so-called "second pillar" of private pension schemes in addition to their state pension. Under the scheme, more...

UK. DWP insider explains why State Pension won’t be means tested

Pensions Minister Torsten Bell recently confirmed that the State Pension will not be means-tested in the future, following growing speculation on social media suggesting that the contributory benefit could be next in line for review by the Labour Government. Under the Triple Lock system, the New and Basic State Pensions increase each year in accordance with whichever is highest between average annual earnings growth from May to July, Consumer Price Index (CPI) inflation in the year to September or 2.5 per...