February 2025

The fertility crash comes down to what men are doing—or not doing—Nobel laureate says

Countries with low fertility exhibit a key difference from those with even lower birth rates, according to Nobel-prize winning economist Claudia Goldin, who pointed to the extra hours women spend on child-rearing and household chores compared with men. While numerous policies and financial incentives have been employed, few have been proven to reliably boost fertility. But a new study from Nobel-prize winning economist Claudia Goldin points to the extra hours women spend on child-rearing and household chores compared with men. She...

México. Ahorro voluntario representa 3% de los recursos canalizados a las Afores

El ahorro voluntario representa apenas 3% de todos los recursos que se canalizan a las Afores (Administradoras de Fondos para el Retiro), lo cual es un mal desempeño para las pensiones de los trabajadores, a pesar de que actualmente es la única opción que se tiene para mejorarlas, de acuerdo con especialistas. Cifras de la Consar muestran que en enero, se canalizaron a las Afores un total de 99,322 millones de pesos; de esa cantidad, sólo 3,296 millones de pesos...

El laberinto de las pensiones en Chile: entre la urgencia y la incertidumbre

El sistema de pensiones en Chile ha sido una de las políticas públicas más cuestionadas en las últimas décadas. Desde su implementación en 1981, basado en un modelo de capitalización individual administrado por las AFP (Administradoras de Fondos de Pensiones), ha generado una creciente preocupación sobre la insuficiencia de las jubilaciones y las crecientes comisiones. A pesar de diversas reformas y propuestas, el problema estructural ha persistido y con ello se ha perpetuado el descontento ciudadano. Situaciones como la baja...

US. Milliman analysis: Multiemployer pensions approach 100% funding in aggregate at year-end 2024

Milliman, Inc., a premier global consulting and actuarial firm, today released the 2024 year-end results of its Multiemployer Pension Funding Study (MPFS), which analyzes the funded status of all U.S. multiemployer defined benefit pension plans based on assumptions and data in their latest Form 5500 filings. “Strong returns during the first and third quarters of 2024 largely drove the year’s significant rise in the aggregate funded percentage, which reached the second-highest point since Milliman launched this study in 2007” Post this As...

France. Pensions: a deficit of 30 billion euros in 2045 without new reform

The Court of Auditors unveiled this Thursday an alarming report on the future of the pension system in France, commissioned by François Bayrou to serve as a basis for negotiations between social partners. According to its projections, the deficit would reach 15 billion euros in 2035 and 30 billion in 2045 if no additional reforms are implemented. In 2023, a surplus of 8,5 billion euros was recorded, but this is explained by cyclical effects linked to inflation and the...

More Than Half of Workers in Hong Kong are Considering Changing Employers in 2025, Aon Study Reveals

Aon plc (NYSE: AON), a leading global professional services firm, today released results from its 2025 Human Capital Employee Sentiment Study with new insights specific to employees in Hong Kong. The global study of more than 9,000 employees across 23 geographies, including the U.S., UK, China, India and Australia, found that more than half of workers in Hong Kong are considering changing employers. The research reveals a troubling trend: almost one in five employees (17 percent) in Hong Kong feel undervalued in...

Reforma al Infonavit: ¿cómo y en qué casos pueden retirarse los ahorros de la subcuenta de vivienda?

El gobierno usará ahorros de las personas trabajadoras para la construcción de casas de arrendamiento social, de acuerdo con lo aprobado en una reforma reciente al Infonavit. Sin embargo, este ahorro puede ser retirado siempre y cuando se cumpla con algunos requisitos. Para empezar, es necesario no tener ningún crédito activo. Los pasos siguientes dependen de varios factores como la edad de la persona trabajadora, el momento en que empezó a cotizar y si se cuenta o no con una...

Chile. Aumento de la Pensión Garantizada Universal: ¿Qué condiciones podrían afectar su continuidad?

Desde febrero, el pago de la Pensión Garantizada Universal aumentó, pero existen condiciones bajo las cuales podría perderse. Aumento en el pago de la Pensión Garantizada Universal En febrero de este año, el monto de la Pensión Garantizada Universal (PGU) experimentó un incremento, pasando de $214.296 a $224.004. Este ajuste busca mejorar el apoyo financiero brindado a los beneficiarios, permitiendo un mayor acceso a recursos para aquellos que dependen de esta pensión. Causales de extinción de la PGU El Instituto de Previsión Social (IPS) ha estipulado ciertas condiciones bajo las...

Global aging: The (almost) invisible crisis shaping our future

Societies are becoming older, smaller, and lonelier, with shrinking labor forces, stagnant productivity, declining growth, and overstretched health care and social protection systems. The economic and social consequences of global aging are enormous and will affect how the world manages other global challenges. Population aging could reduce GDP growth by 0.5–1.0 percentage points a year, for example—an effect on output that is greater than the impact of climate change. The demographic crisis has a high degree of certainty in the short and medium terms....

Why trustees must keep ahead of greenwashing risks

‘Greenwashing’ by asset managers and other entities can leave trustees exposed to legal, regulatory and reputational risk, a law firm has warned. It comes after some high-profile campaigns have highlighted investments into fossil fuel companies made by asset managers and pension providers, despite claims of low carbon and sustainable approaches. Most recently, the Make My Money Matter campaign highlighted 12 of the UK’s biggest pension providers and claimed there was a “persistent failure” across the industry to address climate change concerns. Kate Granville Smith,...