October 2025

Ghana. SSNIT is financially viable despite past challenges – Director

Director-General of the Social Security and National Insurance Trust (SSNIT), Kwesi Afreh Biney, says his outfit is financially viable despite past challenges. According to him, the entity managing contributors’ funds pays over 257,000 pensioners each month. Mr. Biney explained that while SSNIT, as an institution, had faced hurdles in the past, it has also seized opportunities to strengthen its operations, thus making the Trust financially viable and sustainable. Speaking in an interview on Accra-based Citi FM on Thursday, October 30, ahead of...

More Australians living off superannuation than the pension in retirement

More Australians are using superannuation as their primary retirement income source, with reliance rising to 35% for men and 23% for women aged 45+ in FY25, replacing the pension as the main income source. The trend is part of a larger increase from 20% to 28% for retirees relying on superannuation between 2014-15 and 2024-25, driven by more baby boomers reaching preservation age and gaining access to their money. Australia's Retirement Standard suggests a 'comfortable' retirement requires $690,000...

México. Afores tendrán plusvalías más moderadas en 2026, anticipa la Amafore

Las plusvalías que están teniendo las Afores en este 2025 no son comunes y es probable que el próximo año “regresemos a ver retornos mucho más razonables y más moderados”, dijo el presidente de la Asociación Mexicana de Afores (Amafore), Guillermo Zamarripa. “Este es un año que ha sido muy positivo para los mercados y eso es lo que estamos viendo (en las plusvalías de 2025). Entonces, años muy positivos como estos, la historia dice que no son todos los...

Chile. Todos los multifondos de pensiones anotan resultados positivos en octubre: ¿Cuáles tuvieron mayor rentabilidad?

Según el último boletín de la consultora Ciedess, al 27 de octubre los fondos A y B, los más riesgosos, anotaron avances de 0,12% y 0,27%, cada uno. Por su parte, el fondo C, de riesgo moderado, tuvo un alza de 0,55%. En el caso de los fondos D y E, los más conservadores, registraron resultados positivos de 0,91% y 0,82%, respectivamente, quedándose con la mayor rentabilidad de todos en octubre. Además, Ciedess destacó que en lo que va del año se aprecian cifras alentadoras en todos los multifondos....

España. La Seguridad Social confirma que recortará las pensiones de los trabajadores que se jubilen de forma anticipada con más de 40 años cotizados

Elma Saiz, ministra de Inclusión, Seguridad Social y Migraciones, ha confirmado que se seguirán recortando las pensiones de los trabajadores que se jubilen de forma anticipada con 40 años o más cotizados a lo largo de su vida laboral. La ministra ha descartado la propuesta de Podemos, que pidió eliminar los coeficientes reductores de la pensión para los trabajadores que optasen por la jubilación anticipada con una cotización de 40 años o más. Saiz ha rechazado esa propuesta y la ha escenificado en...

Panamá. MEF firmará préstamo con BID por $350 millones para pago a jubilados y pensionados

El Consejo de Gabinete aprobó este martes la Resolución N.° 38-25, mediante la cual se autoriza al Ministerio de Economía y Finanzas (MEF) a suscribir el Contrato de Préstamo N.° 6055/OC-PN con el Banco Interamericano de Desarrollo (BID) por un monto de US$350 millones. El financiamiento tiene como objetivo apoyar el Presupuesto General del Estado correspondiente a la vigencia fiscal 2025 y futuras vigencias, en el marco del Programa de Mejoramiento del Sistema de Pensiones de la Caja de Seguro Social...

UK. Reeves urged to cut pension lump sum withdrawals to £100k

A pressure group of which Rachel Reeves is a member has urged her to cut the tax-free pension lump sum to £100,000. At present, most savers can take 25pc of their pension pot tax-free once they reach the age of 55, up to a maximum of £268,275. However, the Fabian Society, a prominent Labour-associated think tank, has suggested cutting the allowance by two-thirds at the Budget on Nov 26 in an attempt to raise £2bn. It claimed that pensions were “systemically” under-taxed and...

World’s largest sovereign wealth fund returns 5.8% amid AI optimism

Norway’s $2 trillion sovereign wealth fund — the largest of its kind in the world — on Wednesday reported a 5.8% return during the third quarter, powered by strong stock market gains and AI optimism. Norges Bank Investment Management (NBIM) manages the fund on behalf of the Norwegian population. Set up in the 1990s to invest excess revenues from Norway’s oil and gas industry, the enormous Government Pension Fund Global is currently invested in assets across 70 countries, including almost 9,000 companies. Its...

US. State Pension Funding Levels Stayed Stable Despite Volatility

The reported funding gap for state pension plans—the disparity between promised benefits and available assets—was $1.32 trillion in 2023, according to 50-state data collected by The Pew Charitable Trusts. This represents a $44.7 billion increase over 2022, driven primarily by increases to liabilities from benefit changes and differences between what plans assumed for salaries, longevity, and similar workforce and demographic trends and what actually happened. However, even amid volatile markets, state funds showed signs of resilience. The overall funded ratio—the...

Is it right to have 25% of DC pensions invested in just seven companies?

Yesterday, Nvidia became the first company in the world to reach a market value of $5trn (£3.8trn). The US chipmaker's valuation growth has been stellar – with it reaching a market value of $1trn (£758bn) for the first time in June 2023 and $4trn (£3.03trn) just three months ago, all on the back of the AI-boom. Nvidia's value is now about half the size of Europe's entire benchmark equities index, the Stoxx 600, and dwarfs all 350 constituents of the FTSE...