November 2025

Chile. Presentan oficio contra las AFP por presunto financiamiento ilegal de campañas políticas a través de empresa de Bernardo Fontaine

Durante esta jornada, el candidato a diputado Gonzalo Winter y la presidenta del Frente Amplio, Constanza Martínez llegaron hasta la Superintendencia de Pensiones para solicitar una fiscalización a la Asociación de AFP, tras la publicación de un reportaje que reveló presuntos aportes a fundaciones con fines políticos. “Venimos a presentar este oficio ante la Superintendencia de Pensiones por lo siguiente: el Decreto Ley 3.500 prohíbe explícitamente a las AFP involucrarse en política. Además, la ley regula con claridad la publicidad que estas pueden...

Colombia. Tensión entre la Corte Constitucional y Colpensiones por la reforma pensional: “No ha desacatado la decisión judicial”

La reforma pensional está viviendo un nuevo momento de tensión, después de que la administradora estatal colombiana de pensiones, Colpensiones, le respondiera a la Corte Constitucional que no ha desatendido ninguna decisión judicial en medio de este proceso que ha generado fuertes diferencias entre el Gobierno Petro y el magistrado Jorge Enrique Ibáñez Najar, presidente de ese alto tribunal. El magistrado Ibáñez Najar es el ponente de la demanda que puso la senadora Paloma Valencia contra esa iniciativa y hace...

Mexico. Retirement Savings Consolidate Their Weight in the Economy: They Now Amount to 22% of GDP

The AmAfore 2025 meeting will take place on November 12 and 13, and its program confirms the growing prominence of retirement savings in the global conversation on investments, private credit, and infrastructure. With the participation of international leaders such as Scott Kleinman (Apollo), Michael Rees (Blue Owl), Michael Smith (Ares Credit Group), and Kirk Smith (GTCR), the event highlights Mexico’s role as a bridge between local institutional capital and major global asset managers. The presence of the AFOREs, along with Banxico, Hacienda, and CONSAR, reflects the interest in strengthening the sophistication...

UK. Chancellor looking to cap salary sacrifice contributions to £2,000 in Autumn budget

The chancellor is planning to use the budget to limit the amount of someone’s salary that can be sacrificed through pension contributions without incurring national insurance (NI) payments to £2,000 a year. Reports in The Times and Financial Times this weekend said the chancellor would target pension salary sacrifice arrangements to raise up to £2bn a year and help fill a £30bn gap in public finances. At present there is no limit on the amount that an employee can put into their pension under salary...

Pension fund contributions overlooked by employers in South Africa

Some employers in the nation have a concerning tendency to deduct employees' pension contributions without transferring the funds to the pension fund account. This is against the law and unethical. When the sun sets, workers depend on this hard-earned money to get by. A few years ago, the African National Congress came under fire for failing to make contributions to workers' pension funds. The sheer scale of this problem is deeply troubling. As of March 31, 2025, the Financial Sector Conduct Authority...

The rise of solo aging: How people in the US are preparing to grow older alone

The Society of Actuaries (SOA) Research Institute recently published a series of guides designed to assist solo agers with key financial and retirement decisions. In addition, the SOA published survey findings on the growing phenomenon of “solo aging” in the U.S. Solo agers are individuals who, as they grow older, navigate life and retirement without the traditional support network of close family members or partners. The consumer survey includes responses from Americans aged 50 or older who identify as solo agers. It provides insights into aging,...

México. Ahorro voluntario representa menos de 4% de todos los recursos en las Afores

El ahorro voluntario representa menos de 4% de todos los recursos administrados por las Afores, un signo de que los mexicanos están ahorrando muy poco para sus pensiones por iniciativa propia. De acuerdo con datos de la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar), las Afores tenían 306,149 millones de pesos por ahorro voluntario de los trabajadores. Esto cuando en total las 10 Afores del país administran ahorros por 8.06 billones de pesos, es decir que el ahorro...

Argentina. Actualizaron el índice para calcular el haber inicial de los futuros jubilados

Gobierno, a través de la Disposición 29/2025 de la Subsecretaría de Seguridad Social del Ministerio de Capital Humano, aprobó el nuevo índice combinado que se utilizará para actualizar las remuneraciones de los trabajadores en relación de dependencia que cesen en sus empleos desde el 30 de noviembre de 2025 o soliciten su jubilación a partir del 1 de diciembre de 2025. Nuevo índice combinado para actualizar jubilaciones y salarios de trabajadores en relación de dependencia El índice surge de lo establecido...

European nations have no choice but to raise retirement ages – our case study shows why

In early October 2025, with his political future hanging by a thread, France’s resigned-and-reappointed prime minister Sébastien Lecornu pledged to suspend unpopular pension reforms until 2027, when presidential elections will be held. Socialist MPs declared victory. The French business community groaned. The S&P downgraded France’s credit rating, citing budget concerns. With France kicking inevitable reforms at least two years down the road, and many European countries facing pension crises of their own, it is worth considering how to design pension reforms...

Thailand. Government revisits plan to raise civil service retirement age to 65

Thailand is revisiting the proposal to extend the civil service retirement age from 60 to 65, a reform aimed at addressing the ageing population and labour shortages. A report from the OCSC shows that, as of 2024, Thailand has 1.12 million government officials, including 414,088 civil servants, who are the main group under review for the proposed age extension. Other categories include 441,168 teachers, 268,063 local administrative officials, 213,086 police officers, 26,364 officials from independent constitutional agencies, 9,408 university civil servants,...