June 2025
24Jun

Pension funds and monetary policy: Between burden and opportunity – WTW

On June 19, 2025, the Swiss National Bank (SNB) lowered its policy rate by 0.25 percentage points to 0.0%. This marks the second rate cut this year (fifth since June last year) and signals that the SNB is once again reacting more actively to cooling inflation and ongoing upward pressure on the Swiss franc. SNB President Martin Schlegel cited the subdued inflation outlook—current projections for the year are just 0.2%—as well as a globally uncertain environment. At the same time, the...

June 24, 2025
News,
Read more...
24Jun

UK. Why the real problems of the pensions dashboard are yet to start

The pensions dashboard project's aspirations made sense a decade ago, but industry changes mean the government should focus its efforts on other aspects of pensions, writes James Floyd The ambition of the government's much-vaunted pensions dashboard has nearly been realised, but after a decade in the making, the real problems are likely still to come.  It was back in 2014 when the Financial Conduct Authority vocalised its notion of enabling consumers to see all their pension savings in one place.  With the Retail Distribution...

June 24, 2025
News, ,
Read more...
24Jun

Japan proposes significant increases in defined contribution pension plan contribution limits

Japan is proposing various increases to contribution limits for both employer-sponsored defined contribution (DC) pension plans and individual defined contribution pension plans (iDeCo). These proposed changes aim to enhance retirement income security for participants and enable more individuals to contribute meaningfully to their pension savings. Background The Ministry of Finance included these changes as part of its proposed tax reforms for 2025. At this stage, the changes are still pending consideration and have yet to take effect. If finalized, the changes...

June 24, 2025
News,
Read more...
24Jun

South Korea plans end to lump-sum retirement payouts for workers

The South Korean government is pushing forward with a major overhaul of how workers receive retirement benefits, aiming to replace the longstanding lump-sum severance system with mandatory pension-style disbursements across all workplaces. The Ministry of Employment and Labor has proposed a five-phase plan that would require all employers—beginning with large corporations and eventually extending to the smallest businesses—to transition to the retirement pension system. Once fully implemented, workers would no longer be able to receive their retirement pay as a...

June 24, 2025
News,
Read more...
23Jun

Congreso de Colombia aprueba el último trámite para la Reforma Laboral de Petro

El Congreso de Colombia aprobó el viernes por amplia mayoría una conciliación bicameral sobre la reforma laboral, con lo que solo resta la sanción presidencial para convertir el texto en ley, una de las apuestas políticas del mandatario izquierdista Gustavo Petro. Los legisladores acordaron adoptar el texto ratificado por el Senado. Allí, la conciliación se aprobó con 59 votos a favor y 16 en contra, mientras que en la Cámara de Representantes hubo 126 votos afirmativos contra 2 negativos. La conciliación...

June 23, 2025
Noticias,
Read more...
23Jun

Chile. Retiros del 10% desde las AFP agravaron la desigualdad en el 50% más pobre

Un estudio desarrollado por la Facultad de Economía y Negocios (FEN) de la Universidad de Chile advierte que los retiros de los fondos previsionales profundizaron la desigualdad en el 50% más pobre del país. El análisis, liderado por el académico Pablo Gutiérrez, el investigador en Paris School of Economics Ignacio Flores y el instructor y asistente de investigación de la FEN, Bastián Castro, abarca entre los años 2007 a 2021 y muestra una ligera disminución en la desigualdad de la riqueza en Chile cuando se mide por la proporción del 10% más rico. No...

June 23, 2025
Noticias,
Read more...
23Jun

CFOs rethink pensions, now embracing creative plan design and de-risking strategies

Many companies are considering changing their defined benefit (DB) plans this year, with hybrid structures and cash balance arrangements attracting increased attention, according to a recent Mercer survey of CFOs and financial executives. This appears to represent a shift in thinking about DB plans following a record number of plan terminations in recent years. According to the survey, half of CFOs do not plan to end DB plans in the near future, which Mercer said suggests they are taking a strategic approach...

June 23, 2025
News,
Read more...
23Jun

‘Good news’: Australians tipped to be $125k better off in retirement

The average young Australian is tipped to be $125,000 better off in their retirement simply by staying in the workforce, a major superannuation fund reveals. Australian Retirement Trust says the rise in the superannuation guarantee over the last five years is “good news” for Australian workers who will have more in their retirement nest egg. Under changes to the superannuation guarantee proposed by the Rudd government and enacted by the Morrison government, every working Aussies superannuation rate automatically went from 9.5...

June 23, 2025
News, ,
Read more...
23Jun

African Development Bank’s Commitment to Paris Alignment

The African Development Bank is fully committed to aligning its operations and investments with the goals of the Paris Agreement. This alignment supports Africa’s sustainable development, helps address climate challenges, and promotes climate resilience and low-carbon growth, in line with the Bank’s Ten-Year Strategy and the African Union’s Agenda 2063 “The Africa We Want”. PARIS AGREEMENT The Paris Agreement is a legally binding international treaty on climate change, adopted by 196 parties at the UN Climate Change Conference (COP21) in Paris...

June 23, 2025
News,
Read more...
20Jun

México. Fondo de Pensiones ha devuelto 2,109 millones de pesos a trabajadores que han reclamado sus ahorros

El Fondo de Pensiones para el Bienestar (FPB) ha devuelto desde su creación y hasta el cierre de marzo de 2025 un total de 2,109 millones de pesos de ahorros para el retiro que estaban en cuentas inactivas en las Afores, pero que ya fueron reclamados por sus dueños, de acuerdo con sus últimos informes trimestrales. Sólo en el primer trimestre de 2025, el Fondo devolvió 631.3 millones de pesos a trabajadores que cotizaron en los Institutos Mexicano del Seguro Social (IMSS)...

June 20, 2025
Noticias,
Read more...