March 2026

92% of pension professionals say administration is as important as investment and strategy, XPS polling finds

More than nine in ten (92%) pension professionals believe administration is as important as investment and funding strategy in running a well-governed scheme, according to new polling by XPS Group. The findings are based on responses gathered during a recent XPS webinar examining the evolving role of pension administration amid growing regulatory focus. When asked whether administration is a core pillar of the pensions industry infrastructure (145 responses): 92% agreed it is as important as investment and strategy 8% somewhat agreed ...

How to fix the UK’s 37% pension gap

The UK’s gender pension gap is one of the largest in the developed world. On average, British women retire with pensions around 37% lower than men’s, according to OECD data.1 That gives us the second-largest gender pension gap among the 38 developed economies the organisation looks at. This isn’t just a statistic. It translates into: Less financial independence in later life Greater reliance on partners or the state Higher risk of poverty in retirement More difficult choices about when (or whether)...

Jamaica. Tourism Workers Pension Scheme Surpasses $5B in Savings

Tourism Minister, Hon. Edmund Bartlett, has announced that the Tourism Workers Pension Scheme has now surpassed $5 billion in savings since its inception. “I would like to indicate, by way of out-turn, that the world-class, world-standard, historic Tourism Workers Pension Scheme, in its first two years… notwithstanding [Hurricanes] Melissa and Beryl… stands now at $5.1 billion,” he said. Mr. Bartlett made the announcement during the Standing Finance Committee of the House of Representatives meeting on March 6 at Gordon House, where...

México. Las claves de la reforma contra “pensiones doradas” que propone Sheinbaum

La presidenta mexicana, Claudia Sheinbaum, ha impulsado una reforma constitucional para acabar con las llamadas “pensiones doradas” de exfuncionarios públicos, que considera onerosas y un privilegio heredado de administraciones anteriores. Enviada al Senado a inicios de este mes, la propuesta limita estas pensiones al 50% de la remuneración presidencial, equivalente a cerca de 70.000 pesos mensuales. Será discutida y votada esta semana. La iniciativa surgió en febrero cuando Sheinbaum anunció, durante su conferencia mañanera, la necesidad de recortar pensiones millonarias que exdirectivos...

Chile. Pensión Garantizada Universal subirá en 2026 para mayores de 75 años

La Reforma de Pensiones impulsada por el gobierno del Presidente Gabriel Boric contempla importantes ajustes para los beneficios de los adultos mayores, destacando la Pensión Garantizada Universal (PGU). Este aporte, que busca complementar las pensiones, verá incrementados sus montos en el último trimestre de 2026. Actualmente, la PGU entrega hasta $250.275 a quienes superan los 82 años y $231.732 a quienes tienen entre 65 y 81 años. Estos valores experimentarán un alza que comenzará a regir a partir de septiembre de 2026. A partir de esa fecha, las...

AI-driven investment strategies could help boost pension schemes’ risk-adjusted returns

Artificial intelligence (AI)-driven investment strategies could help pension schemes improve risk-adjusted returns without increasing portfolio risk, according to SmartWealth Asset Management AG CEO, Dr Miro Mitev. Speaking to Pensions Age, Mitev argued that systematic, AI-based portfolio construction could reduce human bias in investment decision-making while improving the efficiency of portfolio optimisation. “At the end, what success means is actually the performance for a client,” he stated. “If you implement these kinds of tools correctly and properly, and you are following the rules without...

Gen X Americans Face New Retirement Savings Threat

Generation X Americans could face new pressure on their retirement savings as the economic fallout from the war in Iran ripples through global markets. Now in its second week, the U.S. helmed conflict has pushed oil prices up sharply as bombing impacts regions critical to the production and movement of energy from the Persian Gulf. The price of Brent crude, which is the international benchmark, has surged to $119.50 per barrel. This morning, the NASDAQ fell by more than 1...

Five ‘critical forces’ reshaping global retirement systems

There are five 'critical forces' reshaping retirement systems around the world, with countries facing challenges balancing fiscal sustainability and retirement adequacy, according to a report from State Street. Its analysis identified these global forces as: demographic ageing, socioeconomic shifts (including the rise of gig working), technological disruption, rising longevity, and mounting fiscal pressures. The report highlighted that while countries had vastly different system designs, every nation was facing similar challenges and most were converging towards portable defined contribution models and flexible...

Hong Kong Regulators Widen GenA.I. Sandbox Across Financial Services

Hong Kong’s financial regulators have widened a regulatory sandbox for generative artificial intelligence, extending the programme beyond banking to cover securities, asset and wealth management, insurance, pensions and stored-value facilities as authorities push to position the city as a hub for responsible AI use in finance. The new initiative, called GenA.I. Sandbox++, was launched on March 5 by the Hong Kong Monetary Authority, the Securities and Futures Commission, the Insurance Authority and the Mandatory Provident Fund Schemes Authority, in collaboration with Cyberport. It builds on the original GenA.I....

Ahorro para el retiro; Bajan 7% las cuentas Afore

Las cuentas de ahorro para el retiro en manos de las administradoras de fondos para el retiro (afore) observan una caída de poco más de 7 por ciento, teniendo una mayor contracción las pertenecientes a las mujeres, de acuerdo con datos de la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar). Las cuentas administradas por las afore reportaron en marzo, respecto al mismo mes del año pasado, una contracción anual de 7.8 por ciento al pasar de 74...