March 2026

US. Trump propone nuevas cuentas de jubilación con $1,000 adicionales al año

urante su discurso sobre el estado de la Unión del pasado martes, el presidente Donald Trump planteó la posibilidad de crear nuevas cuentas para el retiro, independientes de los conocidos planes 401(k). Lo que más llamó la atención de la propuesta es el objetivo de que el gobierno agregue $1,000 dólares cada año para solucionar la “gran disparidad” que hay en el sistema de jubilación de los Estados Unidos. De acuerdo con el presidente Trump, aproximadamente 56 millones de estadounidenses carecen de...

España. El Congreso aprueba, a la segunda, subir un 2,7% las pensiones en 2026: así quedan las mínimas y las máximas

El Congreso ha aprobado este jueves, a la segunda, la revalorización de las pensiones para 2026, después de que decayera el Real Decreto-Ley ómnibus que aprobó el Gobierno a finales del año pasado, lo que forzó al Ejecutivo a desgajar la subida de las jubilaciones del resto del escudo social para asegurar su éxito parlamentario. La norma ha recibido el apoyo casi unánime de la Cámara -solo Vox se ha descolgado-, ya que su convalidación estaba garantizada con el apoyo del PP. La ministra...

Japan public pensions let domestic bond holdings slide as yields rise

Organizations managing public pension funds in Japan are keeping a smaller share of their assets in Japanese bonds, steering clear of buying in a trend that could add to the upward pressure on yields. The Federation of National Public Service Personnel Mutual Aid Associations had 19% of its holdings in domestic bonds at the end of 2025, well below its standard allocation of 25%. The organization has around 12 trillion yen ($76.8 billion) in assets under management. Similar, albeit smaller, declines...

US. Indiana prepares to put bitcoin in its public retirement plans

Indiana lawmakers approved a bill allowing public retirement and savings plans to invest in digital assets and spot crypto ETFs, with Gov. Mike Braun expected to sign it soon. The move places Indiana among at least 21 states that are investing in or evaluating bitcoin and other digital assets for public funds, in line with the President of the US push to expand crypto holdings in the country. In a separate measure, Indiana legislators voted to ban crypto ATMs statewide after...

Voluntary pensions are launched in Moldova

This event launches the private pension savings market, which was previously virtually non-existent in the country, despite a number of previous unsuccessful attempts to introduce voluntary pensions in Moldova. With the appearance of the first private pension fund, citizens have the opportunity to save for their old age on their own, in addition to the state pension. Contributions are exempt from taxation and will be capitalized to generate additional income in the future. Until now, Moldova’s pension system relied solely on...

Europe must close the rights gap for migrants and asylum seekers with disabilities

Migrants and asylum seekers with disabilities continue to face systemic exclusion from protection, support, and integration systems across the European Union, despite the EU’s human rights obligations. In response, IRAP and EDF have jointly launched a new policy brief, “A Pact That Excludes: Closing the Protection Gap for Migrants and Asylum Seekers with Disabilities in the European Union,” showing that EU migration and asylum systems remain largely inaccessible and discriminatory for people with disabilities. This briefing analyses the EU Pact on Migration and...

February 2026

Chile. Régimen de inversión unisex: implicancias para las tasas de reemplazo

La tasa de reemplazo* es el porcentaje del sueldo que se recibe como pensión al momento de jubilarse, y es la métrica más utilizada para evaluar la salud de un sistema de pensiones. Según datos de la Superintendencia de Pensiones (SP) en su estudio Estudio sobre Tasas de Reemplazo de  2024, la mediana de la tasa de reemplazo autofinanciada (sin PGU ni ayudas estatales) alcanza apenas un 17%: 27% en el caso de los hombres y 11% en el de las mujeres....

Japan public pensions let domestic bond holdings slide as yields rise

Organizations managing public pension funds in Japan are keeping a smaller share of their assets in Japanese bonds, steering clear of buying in a trend that could add to the upward pressure on yields. The Federation of National Public Service Personnel Mutual Aid Associations had 19% of its holdings in domestic bonds at the end of 2025, well below its standard allocation of 25%. The organization has around 12 trillion yen ($76.8 billion) in assets under management. Similar, albeit smaller, declines...

UK. Reform’s pension plan could backfire and lead to higher council tax bills, experts warn

Reform’s flagship plans to force multibillion pound local government pension funds to invest in the UK risks backfiring and pushing up council tax bills, experts have warned. Nigel Farage’s party wants to merge the schemes to create a single British Sovereign Wealth Fund of up to £575bn. Richard Tice, the party’s business spokesman, set out a vision of a “fund patriotically backing British companies, buying and promoting British product… (with a) strategic UK growth mandate backing Britain all the way.” Across England and Wales...

South Korea. Pension service posts record investment gains of $161B on local bourse rally

The National Pension Service (NPS) posted record investment gains of 231.6 trillion won ($161 billion) in 2025, boosted by a sharp rally in Korean stocks that sent the local market soaring. NPS Investment Management lifted the fund’s total assets to 1.46 quadrillion won, according to the service's management arm. The NPS fund’s assets rose from 1.21 quadrillion won in 2024 to 1.46 quadrillion in 2025, while the annual return reached 18.82 percent. Since the fund was established in 1988, its cumulative return...