October 2025

A systematic review and meta-analysis of air pollution and increased risk of frailty

By Zahra Jafari, Melissa Andrew & Kenneth Rockwood Background Environmental air pollution is increasingly recognised as a potential contributor to frailty. This systematic review and meta-analysis aimed to synthesise existing evidence on the associations between environmental air pollution and frailty in middle-aged and older adults, providing insights into the impact of air pollution on public health. Methods The systematic review and meta-analysis were conducted according to the Preferred Reporting Items for Systematic Reviews and Meta-Analyses Statement 2020. Four electronic databases were searched without...

Venture & growth capital in Europe – mapping pension funds’ attitudes

By Pensions For Purpose Across Europe, pension funds manage over €3tn in assets, yet only roughly 0.12% is allocated to venture and growth capital (VC). Meanwhile, VC investment in Europe totalled €15bn in 2023. These numbers together highlight two persistent questions: can allocation to VC be compatible with the fiduciary duties of pension funds? If so, why has the historical aggregated allocation of pension funds to this asset class been so modest? To address these questions, we embarked on a journey...

Pension Design and General Public Finances: Beyond Baseline Actuarial Neutrality

By Didier Blanchet & Gilbert Cette The design of pension benefits cannot be considered in disconnection from the constraints related to the general public finances. A change in the average retirement age has an impact not only on pension funding, but also on resources available for other public spending. Incorporating this externality implies penalties/bonuses for earlier/later retirement that are much higher than those designed to balance the pension system alone. Source SSRN

Part-Time Penalties and Heterogeneous Retirement Decisions

By Kanta Ogawa Older male workers exhibit diverse retirement behaviors across occupations and respond differently to policy changes, influenced significantly by the part-time penalty—wage reduction faced by part-time workers compared to their full-time counterparts. Many older individuals reduce their working hours, and in occupations with high part-time penalties, they tend to retire earlier, as observed in data from Japan and the United States. This study develops a general equilibrium model that incorporates occupational choices, endogenous labor supply, highlighting that the...

Population Aging in ASEAN+3: But is 60 the New 40?

By Aruhan Rui Shi & Hongyan Zhao Population aging is becoming a significant concern, particularly as its pace accelerates, especially in emerging market economies. However, labeling all individuals aged 65 and above as elderly can be misleading and inaccurate when life expectancy is increasing. Therefore, using the prospective old-age dependency ratio to define what is elderly would allow for more precise measurements and facilitate research into the impact of aging on economic growth. Our findings suggest that while a negative...

Colombia. Colpensiones va por recursos de trabajadores de alto riesgo que están en las AFP para pagar pensiones y subsidios; ¿cuánta plata es y cómo lo hará?

Aunque los fondos privados de pensiones (AFP) tengan la disposición de entregarle a Colpensiones los trabajadores de alto riesgo que cotizan para su pensión en cualquiera de esas entidades (Porvenir, Protección, Colfondos y Skandia), así como los recursos que hayan acumulado hasta ahora para su jubilación, dicho proceso no es tan fácil como lo plantea Jaime Dussán, presidente de la administradora pública, pues eso implica 'torcer' algunas normas, comentaron expertos consultados. Según el funcionario, las AFP se quedaron con al...

Chile. Remate de rentas vitalicias: el mecanismo que empieza a ganar terreno entre nuevos pensionados tras reforma previsional

Cuando una persona que está en una AFP se quiere pensionar, debe acudir al Sistema de Consultas y Ofertas de Montos de Pensión (Scomp), que es la plataforma electrónica a través de la cual los afiliados obtienen información comparable respecto de las ofertas de pensión de renta vitalicia y de retiro programado. La reforma previsional que aprobó a inicios de año el Congreso, eliminó la oferta externa en rentas vitalicias, que era una oferta de pensión que podían hacer las...

México. ¿Cuáles son las Afores más eficaces y rápidas?: Monitor Afore

Inbursa, Coppel y PensionISSSTE son las Afores más eficaces y con mejor calidad en sus servicios, de acuerdo con los resultados del nuevo Monitor Afore lanzado por la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar). La Consar informó a través de un comunicado que Monitor Afore es la nueva herramienta de la Comisión para evaluar la calidad, eficacia y eficiencia en los servicios que ofrecen las 10 Afores en el país. Evalúa 31 indicadores: 18 operativos y 13 de servicios que reflejan...

70m uninsured informal workers pose risk to Nigeria’s economy – Experts

Nigeria is forfeiting a vast pool of long-term savings and investment capital because most of its estimated 70 million informal sector workers are excluded from pension and insurance schemes, financial experts have warned. Speaking at an industry event involving insurance and pension operators in Lagos, the Managing Director of Arthur Stevens Asset Management Limited, Olatunde Amolegbe, stated that failing to capture the informal economy poses a significant economic risk to the country’s financial stability and growth ambitions. Amolegbe said the insurance...

Pilots at Germany’s Lufthansa set to strike over pension plans

Pilots at German airline Lufthansa have voted overwhelmingly to go on strike over the company's pension plans, the Cockpit Association said on Tuesday. A spokeswoman for the union said a clear majority of members voted in favour of industrial action, which is set to affect the core Lufthansa Airlines brand and its freight subsidiary Lufthansa Cargo. The strike comes after union representatives and management failed to reach an agreement on pensions for the group's 4,800 pilots. No dates have yet been announced...