July 2025
18Jul

UK. Webb sets out ‘three tests’ for govt pension review

Former pensions minister and LCP partner Steve Webb has set out ‘three tests’ against which the second stage of the government’s pensions review should be judged. Focusing on the adequacy of pension savings, Webb said the first test needs to be questioning whether the review is given a ‘free hand’, including recommending reforms which will cost the government money. Most changes to the system, including getting people to save more, will have a cost implication, such as through higher costs of...

July 18, 2025
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18Jul

Study shows only one in four Kenyans save for retirement

A paltry 20 per cent of Kenyans save for retirement, a new study has revealed. The research by pension fund experts at Zamara Group reveals that over 60 per cent of retirees deplete their retirement savings within the first five years after leaving formal employment. Zamara Group chief executive Sundeep Raichura said most Kenyans are not saving enough to maintain their living standards in retirement. "In Kenya, the pension schemes are paid in lump-sum and people who are used to getting regular...

July 18, 2025
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16Jul

México. CNTE anuncia movilización masiva en CDMX este 17 de julio: exigen abrogación de la Ley del ISSSTE y pensiones dignas

La Coordinadora Nacional de Trabajadores de la Educación (CNTE) anunció una gran movilización este jueves 17 de julio en la Ciudad de México, convocada por las secciones 9, 10, 11 y 60, en exigencia de la abrogación de la Ley del ISSSTE de 2007, pensiones dignas, y la cancelación del SICAMM (Sistema Integral de Carrera para las Maestras y los Maestros), entre otras demandas laborales. El magisterio disidente señaló que la continuidad del próximo ciclo escolar dependerá de la respuesta del gobierno federal. Aunque aseguraron que culminarán formalmente el ciclo escolar actual,...

July 16, 2025
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16Jul

España. No es sólo la subida en la edad de jubilación: el gran cambio en las pensiones de la Seguridad Social que llega el 1 de enero de 2026

La segunda fase de reforma de pensiones del ahora exministro José Luis Escrivá fue el modelo dual para el cálculo de la pensión de los futuros jubilados en España. Esta reforma, aprobada en el Real Decreto-ley 2/2023, de medidas urgentes para la ampliación de derechos de los pensionistas, tiene un impacto a medio y largo plazo, ya que especifica que la cuantía de las jubilaciones de la Seguridad Social podrá determinarse con la fórmula más beneficiosa entre los últimos 25 años...

July 16, 2025
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16Jul

Perú. Militares y policías retirados recibirán segundo reajuste de pensiones desde julio: subidas van desde S/237 hasta más de S/1.000

Militares y policías en retiro verán mejoras en sus pensiones desde este mes. El Gobierno aprobó el segundo reajuste del 2025 a favor del personal de las Fuerzas Armadas y de la Policía Nacional del Perú, bajo los alcances del Decreto Ley N.º 19846 y el régimen del Montepío. La medida fue oficializada a través del Decreto Supremo N.º 147-2025-EF, publicado este lunes 14 de julio. Este nuevo incremento –que será permanente y pensionable– beneficia a los titulares en situación de retiro y a sus...

July 16, 2025
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16Jul

Colombia. Petro pide al Minhacienda derogar norma que permite a fondos de pensión invertir fuera del país

Durante la noche del martes, en el Consejo de Ministros, el presidente Gustavo Petro le pidió al ministro de Hacienda, Germán Ávila, que derogara el decreto que le permite a los Fondos de Pensiones invertir en el extranjero. “Yo le he pedido a Germán que saque el decreto o que al menos elimine lo que creó Santos, que quitó la prohibición de sacar el dinero ahorrado por los trabajadores de los AFP fuera del país, esto hay que derogarlo”, dijo el Presidente. Sobre...

July 16, 2025
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16Jul

PRT Market Momentum Expected to Continue

Pension risk transfers will be among the fastest-growing product lines in the life insurance sector, J.P.Morgan Chase & Co. found in its June 27 “North America Equity Research” report. According to the firm, many U.S. private sector employers that froze and/or closed their defined benefit pension plans as a benefit for employees more than a decade ago still have legacy plans, totaling $3.2 trillion in assets. Many firms have shifted their DB liabilities to insurers through PRT transactions. The PRT market...

July 16, 2025
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16Jul

Government and industry ‘united’ in determination to drive returns and boost UK investment

Chancellor Rachel Reeves has said the government and the industry are "united" when it comes to delivering for savers and the UK economy. During her Mansion House speech yesterday (15 July), Reeves said: "Pension funds and this government are united in our determination to deliver higher returns for savers and more investment for the economy." Last year at Mansion House the government set out an overhaul of the UK pensions system which included proposals for the creation of defined contribution and Local...

July 16, 2025
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16Jul

Ranked: Countries With the Highest & Lowest Pensions in Europe

Rich Western economies like Iceland, Luxembourg, and Norway can afford annual pensions north of €30,000 per retiree. Poland and Hungary spend a big slice of GDP on pensions, yet smaller tax bases keep payouts below €7,000. The seven-fold gap between Iceland and Hungary proves pension size tracks economic heft, not political will. everal generations are already saying they won’t retire due to financial anxieties. But what about today’s retirees? How are they making ends meet, and what do current-day pensions actually look like? This chart visualizes the latest figures...

July 16, 2025
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16Jul

Paging Gen Z: It’s not a ‘micro-retirement.’ It’s a vacation

It’s July, and many Midwesterners are flocking to the lake, driving south to go to the beach, or simply sticking around to enjoy the fleeting hot weather at their local pool. Even Pope Leo XIV, arguably one of the busiest and most important people in the world, is taking a summer vacation. (True, his break includes six weeks off, something most of us can only dream of.) That’s why we were intrigued to see a new Gen Z term crop up. A...

July 16, 2025
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