October 2026

Colombia. Encrucijada pensional: entre el ajuste fiscal, el debate legislativo y la urgencia de posponer su puesta en marcha

La reforma pensional en Colombia (Ley 2381 de 2024), que completará tres años sin implementarse, enfrenta ahora un cruce de variables presupuestales, jurídicas y operativas. Tras el pronunciamiento de la Corte Constitucional en la Sentencia C-264 de 2026, el nuevo sistema de seguridad social se encuentra en medio de dos fuerzas contrapuestas: por un lado, la reactivación del debate en la Cámara de Representantes esta semana para subsanar vicios de procedimiento y por el otro, una advertencia del Ministerio de...

Spain. 25,000 rally in Madrid demanding state pension guarantees

Authorities said 25,000 people marched through central Madrid on Saturday, October 24, demanding protection for the Spanish state pension scheme, one of the hot topics in a parliamentary election next month. The rally comes amid a political row over the sustainability of Spain's pension scheme and the cost of living, with Socialist Prime Minister Pedro Sanchez accusing the right of planning to weaken inflation-linked increases. Demonstrators walked peacefully from Atocha train station to the Gran Via, the Spanish capital's prime shopping...

US. Retirees are going back to work: ‘Sharp decline in retirement confidence’

People across the United States are pushing back major life milestones due to the current cost-of-living. Retirement appears to be one of those milestones. Moneywise reports that many older Americans are “unretiring,” or, basically, coming out of retirement to re-enter the workforce. Data from the U.S. Bureau of Labor Statistics (BLS) states how 18.4 percent of people aged 65 and up are currently working as of 2025; another 16 percent of Americans who consider themselves retired claimed to have worked recently,...

The Poverty Trap: Why Nigeria’s Informal Workers Are At Risk

Millions of Nigerians who spend their working lives running businesses, providing essential services and supporting the economy could face financial uncertainty in old age, with only 242,690 of the country’s estimated 84.9 million informal sector workers enrolled in the Personal Pension Plan (PPP). The National Pension Commission (PenCom) disclosed this at its 2026 Annual Media Conference, exposing a significant gap in Nigeria’s retirement protection system and raising questions about how millions of people outside formal employment will sustain themselves when...

‘Ticking time bomb’: The world’s pension funds face an ageing crisis

The world’s pension systems are confronting a demographic crisis as longer lifespans and dwindling birth rates threaten to stretch retirement finances, raising questions about their ability to sustain payouts for future generations. Pension offerings generally fall into two categories: defined-benefit plans, which promise retirees a predetermined income, and defined-contribution plans, where payouts depend on accumulated savings and investment returns. Ageing poses different challenges for the two systems: defined-benefit schemes face mounting liabilities as retirees live longer, while defined-contribution members risk outliving...

Warren Buffett’s 6 golden rules for investors after retirement

Moving away from a consistent salary often proves difficult for people after retirement, as it can be a challenging transition for many. But billionaire and ace investor Warren Buffett has some advice for those struggling with this transition. Buffett took control of a struggling textile company in 1965 and transformed it into Berkshire Hathaway, now valued at more than $1 trillion, with annual after-tax operating earnings of about $45 billion. Buffett handed over the CEO role to longtime deputy Greg...

Economic Transformation for Sustainable and Inclusive Growth in Tajikistan: A Country Diagnostic Study

By Asian Development Bank Highlighting Tajikistan’s success in cutting poverty and driving strong economic growth, it explains how its economy continues to rely on public investment, low-productivity industries, and narrow commodity exports. Noting the country’s growing youth population, it shows that investing in a modern skills system, incentivizing private sector investment, improving the business environment, and overhauling pensions can help Tajikistan build a reform agenda that targets diversification, productivity growth, and an inclusive future. Get the report here

Marsh CFA Institute Global Pension Index 2026

By Marsh and CFA Institute Aging populations, shifting workforce dynamics, and heightened geopolitical uncertainty are reshaping the retirement landscape. Now in its 18th edition, the Marsh CFA Institute Global Pension Index provides an established tool for benchmarking and comparing the world's retirement income systems, offering a structured framework to help decision-makers navigate the challenges ahead with greater clarity and confidence. This year, the index benchmarks 55 pension systems worldwide with the addition of Dominican Republic, Kenya and Qatar – covering 66%...

Delayed Retirement, Intergenerational Transfers, and Fertility

By Yi Fan, Shuangshuang Song & Yewen Yu Population aging and fertility decline are occurring simultaneously worldwide, straining labor supply and pension systems. China began a gradual delayedretirement (GDR) reform in 2025, raising statutory retirement ages on different schedules for men, female cadres, and female workers across birth cohorts. To evaluate its effects on older individuals and within the family, we develop a model of older adults' retirement, intergenerational transfers, and adult children's fertility decisions, with parameters estimated via fuzzy...

Brazil’s Demographic Transition and the Future of Social Protection: Rethinking Pension Policy for an Ageing Society

By Valter Manuel Gomes Neto Brazil's rapid demographic transition presents growing challenges for the sustainability, coverage, and adequacy of its pension system. Although the 2019 pension reform improved fiscal sustainability, population ageing and persistent labour informality continue to place pressure on pension financing and old-age income security. Drawing on existing research and policy evidence, this policy brief examines the trade-offs between fiscal consolidation, contributory coverage, and non-contributory income protection. It argues that future pension reform should move beyond a predominantly...