May 2026

The Wage Illusion: Pakistan’s Informal Economy and the Crisis of Shared Prosperity

On the first of May, the world does more than commemorate labour; it measures the distance between economic growth and those who actually produce it. The origins of this day lie in the Haymarket Affair in Chicago, where a demand as basic as an eight-hour workday was met with violence, yet ultimately reshaped global labour standards. Nearly 140 years later, that legacy exists alongside a global economy in which, according to the International Labour Organization (ILOSTAT, 2023), over 60%...

How to make public spaces accessible, safe and attractive for an aging population

To be truly inclusive, public outdoor spaces must meet the needs of the entire population, regardless of age, physical ability or mobility. Although many cities have adopted universal accessibility policies in recent years, it’s important to consider whether these policies have actually improved accessibility and the experiences of citizens who live there. Public spaces can become a source of fatigue and stress for older people if their features are not properly designed. Several fields of research in urban design, urban planning, and...

April 2026

¿Más dinero para el retiro? Mexicanos elevan el ahorro voluntario en Afores

En un escenario marcado por la incertidumbre financiera y un entorno de debilidad económica global, el ahorro voluntario en las Administradoras de Fondos para el Retiro (Afores) alcanzó los 233,385.8 millones de pesos al cierre de marzo. De acuerdo con estadísticas de la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar) esta cifra representa un incremento de 25.3% en comparación con los 186,248.3 millones de pesos registrados en marzo de 2025. En términos nominales, los mexicanos inyectaron 47,137.5 millones de pesos adicionales a sus...

Gigante de las pensiones en Colombia ofrece exposición a bitcoin

El sistema de ahorro para la jubilación en Colombia consolida su integración con los mercados digitales. En este contexto, Porvenir, la mayor administradora de fondos de pensiones (AFP) del país, anunció el lanzamiento de un portafolio que permite a sus afiliados obtener exposición al precio de bitcoin (BTC) a través de mecanismos regulados. La medida, presentada en el Congreso Anual de Asofondos en Cartagena, el 22 de abril de 2026, sitúa al sistema financiero nacional dentro de una tendencia global de adopción institucional...

Chile restringe aún más el uso de derivados en fondos de pensiones

El regulador de pensiones de Chile está restringiendo aún más el uso de derivados por parte de los fondos de pensiones, antes de que venza el plazo para la entrada en vigor de un nuevo sistema de normas basado en el riesgo a finales de este año. El regulador envió el viernes a los fondos —conocidos como AFP— una notificación en la que les indicaba que solo pueden realizar operaciones para reducir el riesgo asumido anteriormente al estar recibidos en...

Perú. ¿Habrá nuevo retiro de AFP? Cinco proyectos piden S/22.000, pero aún no se agendan

Las diferentes bancadas del Congreso de la República ya presentaron cinco proyectos de ley que buscan el retiro AFP en 2026. Se trataría del noveno retiro de los fondos privados de pensiones y también repetiría la propuesta de años anteriores: permitir que todo afiliado que tenga cuenta en las AFP puedan sacar hasta 4 UIT (S/22.000, para el valor vigente en 2026) de sus fondos acumulados, si aún tienen dinero en estos. Sin embargo, hasta ahora, a pesar de que desde febrero...

Market Turmoil Sparked by Iran War Wiped Out $233B in Public Pension Funding

A 3.5% aggregated investment loss spurred by war in the Middle East wiped $233 billion from the 100 largest U.S. public pension plans in March, dropping their funded levels to 83.7% from 87% in February, according to actuarial and consulting firm Milliman. It was the first time the dataset recorded investment losses in more than a year, and it halted the progress of the aggregate funded level’s steady rise from almost 80% funded 12 months earlier. Milliman estimated that individual...

Germany’s birth rate reached lowest level on record in 2025

Germany's birth rate fell to its lowest post-World War II level in 2025. According to preliminary figures from the Federal Statistical Office (Destatis), around 655,000 live births were recorded in 2025, compared to around 680,00 in 2024. Last year, the country recorded more than one million deaths. This brings the birth deficit to around 350,000, setting yet another record. Declining birth rates for the fourth year in Germany Last year marked the fourth consecutive year of decline in the birth rate and the lowest level since 1946. Germany's current replacement rate is at 1.35...

UK ageing accelerates as over‑85 population set to double

The UK’s population is ageing rapidly, with the number of people aged 85 and over projected to double over the next 25 years, new figures from the Office for National Statistics (ONS) have shown. The data revealed there were 1.75 million people aged 85 and over in mid‑2024, accounting for 2.5 per cent of the population, a figure expected to rise to 3.6 million, or 4.9 per cent, by mid‑2049. Over the same period, the number of people of pensionable age...

Australia. Solving the $326 billion ‘stranded’ pension asset problem

More than 1.5 million Australians aged 65 and over have left money sitting in superannuation accumulation phase, paying tax at 15 per cent on investment earnings when they could be in the tax-free pension phase and receiving higher retirement income. A dialogue paper published by the Actuaries Institute, It’s Time: Here’s How to Turn Superannuation into a Retirement Income System, puts the aggregate value of those “stranded” balances at $326 billion. the additional tax cost to those individuals exceeds $2 billion...