July 2026

Jamaica. Senate approves pension rule changes, unblocks billions for private equity

THE Senate on Friday approved amendments to the regulations governing pension schemes to allow them to increase the investment limit for private equity from five per cent to 7.5 per cent, with a further increase to 10 per cent by April 2027. There was bipartisan support for the measure that Government and Opposition senators said will unlock investment opportunities, ultimately leading to economic growth. However, there was concern from Opposition members about the small percentage of Jamaican workers enrolled in pension...

México. “No invertiremos en proyectos que pierdan dinero; es ilegal”: Amafore

Guillermo Zamarripa, presidente de la Asociación Mexicana de Administradoras de Fondos para el Retiro (Amafore), descartó mermas financieras en las cuentas de los trabajadores ante las iniciativas para financiar obras públicas sectoriales luego de que el Sistema de Ahorro para el Retiro (SAR) cumpliera 29 años de operaciones en el país. En entrevista con David Páramo para Imagen Radio, el representante gremial afirmó que el marco normativo vigente impide de manera estricta la asignación de recursos administrados hacia activos que carezcan...

Chile. Tres nuevas AFP buscan entrar al mercado en Chile: Estos son los proyectos

El mercado previsional chileno podría sumar nuevos actores en los próximos meses. Tras la aprobación de la reforma de pensiones, distintos grupos comenzaron a preparar proyectos para crear nuevas Administradoras de Fondos de Pensiones (AFP), con la mira puesta en participar de la próxima licitación de afiliados. Según informó La Segunda, actualmente son tres las iniciativas que muestran mayores avances: AFP Multiplica, el proyecto impulsado por Fintual y Nuestra AFP, promovida por la Federación Nacional de Trabajadores Municipales (Fentramuch). Además, el plazo clave es agosto...

China targets stable employment, enhanced social security in next five years

China aims to create a considerable scale of urban jobs and keep the urban surveyed unemployment rate within 5.5 percent over the next five years, according to a human resources and social security development plan for the 15th Five-Year Plan period (2026-2030) unveiled on Thursday. The plan, released by the Ministry of Human Resources and Social Security, sets seven major goals and 18 quantified indicators. "Employment will be kept generally stable, with new progress in high-quality and sufficient employment," said...

Invest in Britain or I’ll force you to, minister tells pension funds

The business secretary, Peter Kyle, has told UK pension funds to “get off their high horses” and invest in Britain or be forced to do so by law. Expressing frustration at the level of investment in British companies after years of government initiatives, Kyle said the UK’s biggest asset managers “should feel a patriotic duty in making Britain a success”. “I don’t think mandation is ideal in any circumstances. But I’ll use it if I have to, because I’m in a rush,”...

Hard Times Drive Surge in Early Pension Withdrawals Across Kenya

A growing number of Kenyans are withdrawing their retirement savings long before reaching retirement age as households grapple with rising living costs, unemployment, business losses and mounting financial pressures, exposing the deep economic strain facing workers across the country. Latest industry data shows that early pension withdrawals have surged in recent years, with financial hardship overtaking retirement as the main reason many contributors are accessing their savings. Pension fund managers say more workers are opting to cash out immediately after...

México. Después de 2050, pensionados por Afore serán mayoría en el ISSSTE

Los pensionados por Afores serán mayoría en el Instituto de Seguridad y Servicios Sociales de los Trabajadores del Estado (ISSSTE) después de 2050, de acuerdo con proyecciones actuariales del mismo organismo incluidas en su Informe Financiero y Actuarial 2026. Actualmente, el 65% de los pensionados en el ISSSTE o 895,970 jubilados corresponden al régimen del décimo transitorio, es decir, aquel al que pudieron acceder aquellos trabajadores del Estado que cotizaban desde antes de la reforma del 2007. El número de pensionados bajo el décimo transitorio, en el...

Colombia. Reportan nuevas fallas en Colpensiones a pocos días de vencer el plazo para cambiar de régimen pensional

La crisis de Air-e suma un nuevo capítulo judicial. La Fiscalía General de la Nación formulará imputación de cargos contra dos exfuncionarios que hicieron parte de la administración de la empresa durante la intervención liderada por el hoy ministro de Minas y Energía, Edwin Palma, en 2024. De acuerdo con información de Semana, una comunicación oficial del Centro de Servicios Judiciales de Barranquilla, la audiencia de formulación de imputación fue programada para el 9 de julio de 2026, a las...

Germany Plans to Implement Proposed Pension Reforms by the End of 2026

The commission’s recommendations are, for now, political proposals. Concrete implementation—such as through legislative procedures—is still pending. Nevertheless, the proposed key points are notable because they may affect typical human resources and compensation structures—and because the federal government has sent a clear signal that it intends to implement all proposals. At the heart of a potential reform is the goal of placing the statutory pension system on a more stable long-term financial footing and broadening Germany’s overall retirement savings framework beyond...

South Africa. 16 municipalities caught pocketing workers’ pensions

Sixteen municipalities took money out of their workers’ salaries for pension contributions, and did not pay it over to the pension funds it belonged to. The finding came out as part of National Treasury’s decision to temporarily withhold R13.5 billion in July equitable share transfers from 69 municipalities across the country, including R3.6 billion from the City of Johannesburg. Treasury said the municipalities had shown persistent, serious non-compliance with the Municipal Finance Management Act. The South African Local Government Association, which represents...