November 2025

UK. Almost two thirds of mid-retirees have not had essential conversations about finances

Research by Aviva, a leading pension provider, and Age UK, the UK’s expert voice on ageing, has found that mid-retirees are navigating retirement without the financial support or guidance they may need as they get older. The report by Aviva and Age UK (published May 2025), Retirement Reality: Managing Money in Mid-Retirement, highlights the challenges faced by mid-retirees navigating the retirement landscape. The research surveyed 1,000 mid-retirees (aged 65-75) who have a private pension, are on a moderate retirement...

South Africa. Govt backtracks: Foreign pension income stays tax-free – for now

National Treasury has halted its plans to start taxing foreign pensions – for now. Chris Axelson, deputy-general of tax and financial policy, announced that Treasury has withdrawn its amendment of the draft Taxation Laws Amendment Bill (TLAB), which would have deleted a section of the Income Tax Act that exempts foreign pensions from being taxed. Since 2001, South African tax residents – South Africans and foreign residents who retire in South Africa – who had worked overseas and receive foreign pensions...

Ireland risks major fiscal challenge from ageing population, finance ministry says

Ireland's national debt could more than double to 148% of gross national income by 2065 and the budget deficit could hit 7.9% without reforms over the next decade to soften the impact of an ageing population, the finance ministry warned on Tuesday. Ireland's old age dependency ratio - those aged over 65 per 100 working-age people - is set to jump to 55.2% by 2065 from 23% in 2022, straining public finances, stagnating the labour force and suppressing economic growth,...

México. Las Afore permitirán identificación sin contacto a usuarios sin huellas dactilares

El próximo año, las administradoras de fondos para el retiro (Afore) estarán obligadas a ofrecer a sus usuarios tecnología contactless (sin contacto), pero a diferencia de la que consiste en acercar las tarjetas a terminales de cobro, se tomarán fotografías de las huellas dactilares de los trabajadores a fin de que puedan concretar sus trámites, adelantó en entrevista Julio César Cervantes Parra, presidente del organismo que regula al sector. Hay trabajadores que no pueden realizar trámites y operaciones en las Afore porque...

Las reformas de pensiones y SIA podrían representar una solución win-win para la deuda, la riqueza de los hogares y los mercados de capital en la UE

El envejecimiento de la población y las bajas tasas de natalidad están poniendo presión sobre el modelo de pensiones europeo que depende en gran medida del Estado. En Italia, Alemania, Francia y España … las pensiones públicas representan más del 70% de los ingresos de los jubilados frente a aproximadamente el 40% en Reino Unido y EEUU. Además, los países enfrentan problemas cada vez más grandes en cuanto a la sostenibilidad de la deuda y la UE necesita aproximadamente 1 Bn€ de...

México. Anuncian Feria de las Afores edición Guadalajara

Tras el éxito obtenido en su reciente edición en la Ciudad de México la Feria de Afores, organizada por la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar), llega ahora a Guadalajara, Jalisco, con el propósito de acercar a más personas los trámites y servicios del Sistema de Ahorro para el Retiro (SAR). Este magno evento —considerado el más grande e importante del país en materia de ahorro para el retiro— se llevará a cabo en el Paseo...

El Salvador. Deuda estatal de pensiones llega a los $11,070 millones según el BCR

La deuda total del Estado con el Fondo de Pensiones alcanzó al final de septiembre los $11,070.62 millones según datos publicados el viernes por el Banco Central de Reserva (BCR) de cifras preliminares del Instituto Salvadoreño de Pensiones (ISP). La deuda aumentó en $100.61 millones en septiembre, el incremento mensual más alto que esta inversión del dinero de los cotizantes en el Estado ha tenido durante el año 2025. La emisión de nueva deuda de pensiones –es decir, después de la...

Over half of global pension holdings already exposed to physical risk

Over half (55 per cent) of global pension fund holdings are exposed to significant and active physical risks, research from MSCI and Swiss Re has found, with asset owners urged to take action now to shift from being exposed to being prepared. The survey, which analysed the portfolios of 18 of the world’s largest asset owners, found that by value, this equals 25 per cent of total equity holdings of those surveyed, with small- and mid-cap companies particularly exposed. The report...

US Public Pension Market Bubble Exposure Remains High

Robust market valuations in recent years have supported funding progress for U.S. state and local defined benefit pension plans. However, public pensions remain underfunded and fundamentally exposed to market volatility. A market shock could increase the burden of state and local pension liabilities and drive contributions higher, says Fitch Ratings. Governments with weaker liability metrics and high carrying cost burdens could be most vulnerable to rating pressure. Post-global financial crisis, plan sponsors took various policy actions such as reducing benefits...

Unlocking pension funds for critical infrastructure development in Ghana

Ghana's Infrastructure Crisis and Economic Imperative Ghana's economic trajectory is promising, with steady growth averaging over 5% annually in recent years, driven by sectors like agriculture, services, and mining. Yet, this progress is hampered by a chronic infrastructure deficit that undermines productivity, stifles job creation, and perpetuates inequality. Pothole-filled roads delay goods transport, erratic power supplies disrupt manufacturing, and inadequate water systems expose millions to health risks. According to estimates by the Africa Development Bank, Ghana requires at least $37...