August 2026
10Aug

Colombia. Por fin retomarán el estudio de la reforma pensional de Petro en la Corte Constitucional: le pusieron la fecha para hacerlo y definir su futuro

La reforma pensional del ya expresidente Gustavo Petro por fin será discutida en la Corte Constitucional. Esto, una semana después de la despedida del mandatario. Está incluida en el primer punto del orden del día del 13 de agosto de 2026 de la Sala Plena del alto tribunal. Como se recordará, la ley sigue en pausa mientras los magistrados deciden si la Cámara de Representantes corrigió o no el vicio de trámite que la corporación detectó en su aprobación. Así...

August 10, 2026
Noticias, Noticias,
Read more...
10Aug

U.S. Social Security funding crisis sharpens as insolvency risk nears

As reported by Financial Times, the U.S. social security system is approaching a critical funding point as lawmakers weigh politically difficult changes to avoid automatic benefit cuts. The article says a bipartisan path remains possible, with proposals centred on higher revenue, lower payouts and changes to investment strategy. One option is to raise or remove the payroll tax cap, under which income above $184,500 is exempt from social security tax. Support for lifting the cap exists across party lines in...

August 10, 2026
News,
Read more...
10Aug

Fewer babies, more retirees: How Europe’s demographic math is changing

Europe is confronting a demographic problem that is becoming increasingly difficult for governments to ignore: fewer children are being born while the number of older people continues to rise. The trend is already visible in shrinking schools, ageing communities and growing pressure on pension and healthcare systems. In the Spanish village of Vilardevos, the change is particularly stark. A primary school originally built for around 700 children now has only 31 pupils. Classes have to be combined because there are not...

August 10, 2026
News, , ,
Read more...
10Aug

Ghana. GNA, SSNIT deepen collaboration on pension information

The Ghana News Agency (GNA) and the Social Security and National Insurance Trust (SSNIT) have agreed to deepen collaboration on pension information. The partnership will focus on improving public education on pensions and retirement planning, particularly among young workers, rural communities and the informal sector, while countering misinformation and disinformation. Mr Albert Kofi Owusu, General Manager of GNA, made this known when he led a delegation from the Agency on a courtesy call on SSNIT in Accra. He said the visit was...

August 10, 2026
News,
Read more...
10Aug

Swedes show ‘renewed willingness’ to make sustainable investments

Swedes are more willing to pay for sustainable investments, despite subdued confidence that said investments will deliver higher returns, the latest Sustainability and Consumer Finances Survey (SUSY) has found. According to the survey, as of 2025, some 23% of Swedes are willing to pay higher fees for sustainable investments, compared with 16% in 2024. The share of individuals willing to accept a lower pension in exchange for holding a sustainable investment portfolio has also increased, from 11% to 15%. At the...

August 10, 2026
News, ,
Read more...
07Aug

State of Pensions 2026: 7th Annual Edition

By Equable Institute State of Pensions is Equable Institute’s annual report on the status of statewide public pension systems, put into a historic context. Governments face a wide range of challenges in general – and some of the largest are growing, and often unpredictable, pension costs. State of Pensions analyzes trends in public pension funding, investments, contributions, cash flows, and benefits for 253 of the largest statewide and municipal retirement systems in all 50 states to illuminate the scale and...

August 7, 2026
Books, Books, Reports, System Sustainability, , , ,
Read more...
07Aug

The macroeconomic and fiscal impact of population ageing

By Katalin Bodnár & Carolin Nerlich The euro area, like many other advanced economies, has entered an era of drastic demographic change. Without appropriate policy responses, population ageing in the euro area is posing formidable challenges for potential growth, monetary policy and public finances. This paper examines – from a central bank’s perspective – the macroeconomic and fiscal effects of population ageing in the euro area and looks at the main challenges ahead in the next decades. Total population in the...

August 7, 2026
Aging, Books, Books, Reports, , , ,
Read more...
07Aug

Bequest-Motivated Decumulation of UK Pensions for Non-Domiciled Individuals: A Monte-Carlo and HJB Approach

By Sebastien Hitier We study the optimal decumulation of a UK pension pot for an expatriate holder who is tax-resident in a jurisdiction that does not tax investment income or gifts. Because the pension wrapper offers no ongoing tax shelter to heirs, the holder's sole objective is to minimise the expected present value of lifetime taxes-personal income tax on drawdowns plus inheritance tax at death. We formulate the problem as a stochastic optimal control with Gompertz-Makeham mortality, progressive UK taxation,...

August 7, 2026
Articles, Pension design, , , , ,
Read more...
07Aug

Deaccumulation in India: The Role of Equity, Debt and Annuities in Retirement Income

By Ravi Saraogi & Pushpinder Singh Framework: We adopt a partial annuitisation framework in which a fraction of the retirement corpus is used to purchase an immediate life annuity, while the remainder is retained in a self-managed portfolio. Using a bootstrap Monte Carlo approach with Indian equity, debt and inflation data, we simulate retirement paths across four portfolio allocations, three annuitisation levels (0, 20 and 40 per cent) and four annuity payout rates (6, 7, 8 and 9 per cent)....

August 7, 2026
Articles, Pension design, , ,
Read more...
07Aug

AI, Fiscal Space, and Social Protection in Four Latin American Economies: ;A Scenario-based Threshold Framework

By Vicenzo Scavino Can fiscal space from artificial intelligence finance recurrent social protection in Latin America? This paper develops a prespecified, scenario-based feasibility test that translates an AI dividend into income and fiscal capture, compares it with policy costs, and applies debt-consistency and persistence screens. For Peru, Chile, Colombia, and Mexico, no deterministic crossing occurs under non-stress scenarios because translation and capture jointly fall short. Crossings arise only under diagnostic disruption: Chilean guaranteed minimum income is conditionally feasible and debt-consistent;...

August 7, 2026
Articles, System Characterization, , , , ,
Read more...