February 2026

Global pension assets rise by nearly 10%, reaching new high

Rising by 9.6% year-on-year, global pensions assets reached a record USD 68.3 trillion in 2025 as defined contribution (DC) savings continued to drive growth, according to the Thinking Ahead Institute’s (TAI) latest Global Pension Assets Study. 2025 showed sustained recovery across global markets with strong investor sentiment and relatively contained volatility, culminating in the creation of USD 6.0 trillion of pension asset value. Of the top seven global pensions markets – Australia, Canada, Japan, Netherlands, Switzerland, UK, US – DC now forms...

US. People Now Have Much More Money in IRAs than 401(k)s. Why That Leaves Workers More Vulnerable.

The most extraordinary development in the U.S. private sector retirement system is not the shift away from old-fashioned defined benefit plans, which began around 1980 and is virtually complete today, but rather the movement away from 401(k) plans, which replaced the defined benefit plans, to Individual Retirement Accounts (IRAs). Total IRA assets now exceed the money in 401(k)s by $7 trillion (see Figure 1). The shift from 401(k)s to IRAs moves the employees’ money to a different regulatory environment. 401(k)...

Nigeria Turns to Fintech Model to Fix Informal Sector Pension

For six years, Nigeria’s “Micro Pension Plan” (MPP) has been inactive. It was launched in 2019 by the Buhari administration to include millions of traders, artisans, and gig workers in the pension system. However, progress has stalled. As of Q3 2024, only about 164,000 out of a target of roughly 75 million informal workers had registered. Of these, only about 12,000 had funded accounts. This means coverage is effectively zero. On Monday, the National Pension Commission (PenCom) made a significant change....

Germany. Tens Of Thousands Of Passengers Set To Be Stranded As Lufthansa Pilots Announce Strike in Pension Dispute

Tens of thousands of passengers who are set to travel with German flag carrier Lufthansa this week could be left stranded after the airline’s pilots’ union announced a one-day strike that will take place on Thursday in a dispute over pensions. The Vereinigung Cockpit union announced that the strike will start at 12:01 am on February 12 and conclude at 11:59 pm after seven rounds of tense pension negotiations failed to resolve a deadlock. “We would have liked to avoid an...

El Salvador. Mesa por una pensión digna propone que se trabaje sistema mixto

La Mesa de Trabajo para una Pensión Digna ha elaborado una propuesta de reforma al sistema de pensiones, en el que se plantea la creación de un sistema mixto, con el fin de que las cotizaciones se redistribuyan de forma tal que sea el gobierno el que reciba más dinero que las AFP. De acuerdo con Patricio Pineda, fundador de esta Mesa, actualmente del 16% de cotización creado entre trabajadores y patronos, el 9% se destina a la Cuenta Individual...

Gobierno garantiza pago de pensiones pese a crisis económica en Cuba

El ministro de Finanzas y Precios, Vladimir Regueiro Ale, aseguró este lunes durante una intervención en el programa Mesa Redonda que el Gobierno cubano tiene garantizado en el presupuesto estatal el pago mensual de las pensiones, en un contexto económico especialmente adverso para los adultos mayores. Según explicó el funcionario, el 66% del gasto público previsto para el año está destinado al área social, con prioridad para sectores como la salud, la educación, la asistencia social y la seguridad social....

Chile. Elizalde reitera llamado a aprobar CAE y Sala Cuna en marzo y dejar de lado disputa por quién firma

En la antesala de un marzo que se anticipa clave para el cierre legislativo del Gobierno, el ministro de la Secretaría General de la Presidencia, Álvaro Elizalde, volvió a emplazar al Congreso a despachar los proyectos pendientes —en particular el fin del CAE y Sala Cuna para Chile— y llamó a dejar de lado disputas sobre quién se anota el triunfo, poniendo el acento en la urgencia social y política de ambas iniciativas. Elizalde insistió en que el debate no puede...

U.S. public pension and trust fund investment in digital assets

As Bitcoin, regulated stablecoins, and crypto-linked equities have gained legitimacy in institutional finance through recent federal actions, a handful of public pension funds have begun taking limited exposure, and many more have been quietly exploring the possibility of entering the market. This report finds that Bitcoin’s growing institutional and monetary adoption, its fixed supply, and historical performance indicate that it can be a legitimate—though highly volatile—return and diversification instrument for public pensions. Fully backed and properly regulated stablecoins can be treated as...

UK. Pension risk transfer market set to reach £70bn in 2026

The value of deals completed in the UK’s pension risk transfer market is expected to reach £70bn in 2026, according to WTW’s annual De-risking Report. Total risk transferred to insurers and reinsurers was forecast to hit £70bn, an increase of 15 per cent year-on-year. Last year, the UK’s total risk transfer market crossed the line of £500bn worth of transactions since the market was founded, WTW said, and the firm’s report indicated that growth was set to continue. WTW said the bulk annuity...

Germany has the oldest workers in the EU

The German population is above average age, and of course this also applies to the labor market. This is dramatic, especially considering the future of the pension system. In no other European Union member state is the working population as old as in Germany. In 2024, of the approximately 40.9 million employed, 9.8 million of them were between the ages of 55 and 64, the Federal Statistical Office announced on Tuesday. This corresponds to a percentage of almost a quarter (24.0...