January 2026

Colombia. Gobierno Petro ajustó mecanismo para cubrir incremento del salario mínimo en pensiones, gremios tienen reparos

El Gobierno Petro, a través del Ministerio de Hacienda, emitió el decreto mediante el cual se ajusta el mecanismo que protege las pensiones de renta vitalicia cuando su incremento es superior a la inflación, para asegurar que ninguna pensión sea inferior al salario mínimo legal mensual vigente. El decreto, expedido el último día de 2025, sustituye la normativa sobre el mecanismo de cobertura de deslizamiento del salario mínimo dentro del Sistema General de Pensiones. Se entiende por deslizamiento de salario mínimo la diferencia entre el cambio porcentual...

December 2025

Cananea Mine Strike Ends After 18 Years, Agreement Reached

After nearly two decades, the labor conflict at the Cananea mine has come to an end, as miners from Section 65 of Mexico’s National Miners’ Union unanimously approved a final agreement providing long-awaited compensation, access to social security and pensions, and a comprehensive resolution for more than 650 workers and their families. According to Section 65, the assembly unanimously endorsed the agreement, which followed negotiations involving the union, the federal government, the Ministry of the Interior, the Ministry of Labor and...

Why is inequality so high in Latin America? An interview with Francisco H. G. Ferreira

Economic inequality in Latin America has historically been – and is currently – higher than in much of the rest of the world. For a time, it seemed that large pro-poor programmes, particularly conditional cash transfers (CCTs) – conditional mainly on attending schools and health visits – made some dent on inequality. Such CCTs were pioneered in Mexico, though it has now discontinued that policy, and have been pursued in a major way in Brazil, Colombia, Chile and elsewhere....

Mexico Retirement Funds Log Record MX$1.12 Trillion Returns

Retirement savings for Mexican workers posted historic returns in 2025, as Administrators of Retirement Funds (Afores) recorded total gains—or plusvalías—of MX$1.12 trillion from January through November. According to data from the National Commission for the Retirement Savings System (CONSAR), this represents the highest level ever recorded for the period. Despite the record cumulative performance, the pace of growth in Afores’ returns moderated in November compared with previous months. Positive returns for the month totaled MX$32.608 billion, a 77% decline from...

México. Huelga por pensiones termina tras 18 años

La huelga que mantenían desde el 2007 los trabajadores de la Sección 65 del Sindicato Nacional Minero en Cananea, Sonora, contra la empresa de Grupo México, llegó a un acuerdo reparatorio, con lo cual podría darse el fin de este conflicto laboral que duró más de 18 años. El diputado federal Napoleón Gómez Urutia, también líder del gremio, anunció en sus redes sociales que los mineros de la Sección 65 aprobaron un acuerdo definitivo donde se establece Plan de Solución...

Perú. Jubilados y docentes en Arequipa cierran 2025 con pensiones estancadas y una deuda social millonaria

Más de 50 mil jubilados en Arequipa y 700 mil en todo el Perú, viven por más de dos décadas con pensiones estancadas, muchos sobreviven con montos que apenas alcanzan entre S/300 y S/400 y en el mejor de los casos S/600. Lo más crítico es que este 2025 se cierra con la incertidumbre de falta de presupuesto para gestionar un mayor incremento en el 2026. La línea de tiempo evidencia el olvido estatal, el último reajuste general de la...

¿Puede salvarse España del ‘invierno demográfico’? El empleo intenta dar esquinazo a su peor pronóstico

El mercado laboral español es el que más empleo crea de la Unión Europea en lo que va de 2025, pero no son pocas las voces que avisan de que está condenado al mismo destino que sus vecinos: un 'invierno demográfico' marcado por el envejecimiento de la mano de obra, la falta de trabajadores en la franja de edad más productiva y, con ello, una dificultad para cubrir puestos de trabajo clave. Aun así, las estadísticas de empleo muestran un...

UK. ‘Clarity and fresh uncertainty’: Pensions in 2025

UK pensions policy rarely stands still but 2025 delivered a flurry of reforms, consultations and political interventions. From the revival of the Pensions Commission to sweeping changes in the Budget, this year brought both clarity and fresh uncertainty for advisers. By the time we had reached December, it was clear that the big story of 2025 wasn’t one specific reform but the sheer volume of moving parts. One thing is clear: the pace of pensions reform is accelerating In May, 17 of the...

Aging in Ghana: Challenges, Realities, and Struggles

In Ghana, like many countries across Africa and the world, the population of older adults is steadily increasing due to improvements in healthcare and longer life expectancy. However, growing older in Ghana brings a number of social, economic, health, and emotional challenges especially for those without formal jobs, pensions, or family support systems. Demographic and Social Changes Ghana’s elderly population (aged 60 and above) has grown significantly over past decades. Although they make up a relatively small percentage of the total...

TfL Pension Fund raises ESG allocation to 15.9% after exceeding net-zero target

The TfL Pension Fund has surpassed its interim net-zero target and increased its allocation to environmental, social and governance (ESG)-tilted investments to nearly 16 per cent, according to its latest report on sustainable investing. The fund reported a 58 per cent reduction in carbon emissions intensity as of 31 March 2025, relative to a 2016 baseline, exceeding its 55 per cent reduction target for 2030. Its long-term objective remains a 100 per cent reduction by 2045. At the same time, ESG-tilted investments...