June 2025

India needs to design an inclusive pension system

Pensions are essential for maintaining economic stability and dignity after retirement. Retirees often face financial instability due to reduced earning capacity, rising health-care costs, and inflation, necessitating a safety net in the form of pensions. The Economic Survey 2025-26 reports that Indian pension assets amount to just 17% of GDP, compared with up to 80% in many advanced economies. Currently, only around 12% of India’s workforce is covered by formal pension schemes. The coverage is also disproportionate, with public sector...

Pension Schemes Bill will help to deliver a UK pensions system fit for the future

The government has released the first draft of the Pension Schemes Bill 2024-2025, with a roadmap that sets out its plan to implement reforms across defined contribution (DC) and defined benefit (DB) workplace pensions. The draft bill and roadmap published on 5 June bring together reforms that are mostly intended to improve retirement outcomes for members and to support UK economic growth as part of the government's plan to deliver a "private pensions system fit for the future". The bill does not, however, include any...

México. Enero-mayo, ganancias de las Afores crecen 49% respecto al 2024

Las ganancias de las Administradoras de Fondos para el Retiro (Afores) crecieron 49% en los primeros cinco meses del 2025 respecto al mismo periodo del año pasado y alcanzaron su nivel más alto desde que la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar) tiene registro. Al cierre de mayo, las Afores acumulaban una utilidad neta de 6,302 millones de pesos de acuerdo con datos de la Consar. Es la mayor ganancia obtenida por las Afores al cierre del...

Chile. Reforma de Pensiones: empleadores deberán aportar un 1% adicional a la cotización previsional desde este año

En el marco de la Ley N° 21.735 de Reforma de Pensiones, próximamente comenzará a regir un nuevo aporte previsional obligatorio equivalente al 1% del sueldo imponible, que deberá ser pagado por el empleador. Esta contribución irá aumentando gradualmente cada año hasta alcanzar el 8,5% en 2033. Este nuevo porcentaje marca el inicio del Seguro Social Previsional, un fondo autónomo desde el cual se financiarán mejoras en pensiones actuales y futuras, y cuyo objetivo central es incorporar la solidaridad y el tripartismo al sistema, involucrando activamente al empleador. “Ya no será solo el trabajador quien...

Centroamérica enfrenta desafíos demográficos con el envejecimiento poblacional acelerado

El Informe Estado de la Región alerta sobre el envejecimiento acelerado y la falta de preparación de los sistemas sociales y económicos para atender a los adultos mayores. Centroamérica y República Dominicana enfrentan el reto del envejecimiento poblacional Para 2050, una de cada cuatro personas en Centroamérica y República Dominicana tendrá más de 60 años, lo que plantea desafíos en salud, pensiones y educación. La región de Centroamérica y República Dominicana (CARD) atraviesa una profunda transición demográfica, con efectos significativos en el desarrollo humano...

España. El sistema de pensiones podría colapsar en 2026 si no se acometen reformas estructurales urgentes, según análisis fiscal

Las cuentas de la Seguridad Social en el primer trimestre de 2025 revelan una creciente dependencia de transferencias estatales para financiar las pensiones El sistema público de pensiones en España atraviesa una situación cada vez más insostenible. Según un análisis basado en los datos oficiales del Ministerio de Inclusión, Seguridad Social y Migraciones correspondientes al primer trimestre de 2025, la financiación del sistema depende ya en gran medida de transferencias del Estado, cuyo volumen ha crecido un 30,2 % respecto al mismo periodo...

US. Largest Corporate Pension Plans Add $22B in May

U.S. corporate pension funds continued to recover in May, as higher bond yields drove down plan liabilities, and pension assets increased. The funded status of the 100 largest corporate defined benefit pension plans increased by nearly $22 billion in May, according to Milliman. The funded ratio of the DB plans rose to 104.9% from 103%. The increase erased the losses from a rocky first quarter of the year, bringing the funded status above 103.6%, where it started 2025. Pensions assets increased...

Pensioner poverty in Europe: Which countries have the highest rates?

In most European countries, the average income of people over 65 is lower than that of the total population, according to the OECD. In several cases, elderly incomes fall below 80% of the national average, contributing to significantly high poverty rates among pensioners. So, how do these levels of financial precarity vary across Europe? In which countries do pensioners face the highest levels of poverty? And how does elderly income compare to the national average? Income poverty rates measure the proportion...

South Korea: Insurers widen voluntary retirement schemes amid digital shift and M&A activity

The insurance industry is likely to see a rise in voluntary retirements in the latter half of this year, driven by ongoing digital transformation and a wave of mergers and acquisitions, according to industry sources on Monday, reported The Korea Times. As companies restructure their workforces during integration processes, the focus is shifting toward incentivised voluntary departures rather than forced layoffs. Hanwha General Insurance, currently preparing to complete its merger with Carrot General Insurance by September, is expected to follow this...

Netherlands. Weaker US dollar hits pension funds harder than falling stock prices

At the end of the first quarter of 2025, Dutch pension funds managed assets worth €1,771 billion. Almost half of this, some €808 billion, is invested in currencies other than the euro.  This mostly concerns US dollar-denominated investments (€551 billion), of which €450 billion are investments in the United States. Source: DNB statistics At De Nederlandsche Bank, we independently compile statistics on the Dutch financial sector and economy. This article is based on these statistics. More information on our statistics and all dashboards...