September 2026

Australia. Age pension dependence down

Australians are relying less on the age pension to fund their retirement as their super balances grow, according to Association of Superannuation Funds of Australia (ASFA) research. The study revealed about 56 per cent of people aged 65 or over now receive a full or part age pension compared to 70 per cent in 2012. Average superannuation balances for people aged over 15 were $202,644 for men and $164,206 for women in 2023/24, up from $192,119 and $154,641 in the previous...

What does good pension scheme performance look like?

When assessing pension scheme performance, the familiar question ‘what does good look like?’ is particularly apt. Having spent many years evaluating investment performance in asset management, I am clear on one principle: performance must be judged against objectives. For an investment manager running a mandate or fund, the objective may be relatively simple: outperform a specified benchmark. That makes assessment, if not achievement, straightforward. Even then, implicit objectives may matter, such as performance relative to peers. Pension trustees face a more complex...

Asia’s aging population will redefine retirement, care—and independence

Over the next decade, Asian families will transfer an estimated $10 trillion—nearly twice the size of Germany’s GDP—to the next generation. Yet there’s a nuanced story emerging behind that headline figure. As people live longer, they’re rethinking how preserve their own independence while still passing enough wealth to their children. Asia is the fastest-aging region in the world. Fifteen percent of its population is over the age of 60; that share is projected to rise to 26% by 2050, according...

August 2026

México. Creció inversión de Afores en renta variable internacional

La inversión de las administradoras de fondos para el retiro (Afores) durante julio en renta variable internacional aumentó en 197,873 millones de pesos, al pasar de 1.03 billones de pesos en julio de 2025 a 1.228 billones de pesos en el mismo mes de este año. Las Afores canalizaron más recursos a las inversiones en bolsas de valores del extranjero que a la Bolsa Mexicana de Valores (BMV) y a la Bolsa Institucional de Valores (BIVA). Expertos consideraron que la preferencia...

Colombia. Colpensiones será el único fondo que pague mesadas de pensión en Colombia desde esta fecha

La entrada en vigor de la reforma pensional supone cambios radicales para Colpensiones, los fondos privados y los mecanismos mediante los cuales se generan los pagos a los jubilados. El documento establece la obligación de que todas las personas que cotizan en el país aporten siempre una parte de sus contribuciones al fondo público. Si bien la reforma deja claro que los ahorros de los cotizantes que hoy se encuentran en los fondos privados permanecerán en las administradoras generando rendimientos, al...

ECB warning of AI bubble: Contagion and concentration risk spreads

Warnings of a potential AI bubble have not exactly been thin on the ground lately. All the same, a blog post on August 17 by four senior economists at the European Central Bank (ECB) garnered extra attention, thanks to its source and prognosis. “Extremely optimistic valuations raise questions: do today’s stock market prices reflect a rational bet on the transformative technology?” the blog post notes, adding that a replay of the turn-of-the-century dotcom bubble and bust is far more likely. Concentration...

An aging population in China inspires a new industry: Adult children for hire

Available for rent to a lonely grandparent: the companionship of an adult child. In China, where a low fertility rate and a rapidly aging population are swelling the number of lonely elders, young men and women are hiring themselves out as “shared” or “outsourced” children. These surrogates, mostly in their 20s and 30s, provide companionship rather than specialized medical care, visiting, chatting, helping clients set up smartphones or accompanying them to medical appointments. Advertisements abound on Chinese social media, where rates...

South Africa. Why Treasury’s unclaimed assets plan has retirement funds worried

Several financial industry representatives have welcomed proposals for centralised record management of South Africa’s nearly R90 billion in unclaimed financial assets, while raising concerns about the proposed transfer of unclaimed retirement benefits to the Corporation for Public Deposits (CPD). The CPD, a subsidiary of the South African Reserve Bank, manages deposits from public-sector entities. Industry experts have warned that retirement assets transferred to it may no longer enjoy the protections that currently apply under retirement fund legislation. The National Treasury discussion paper...

Retirement Insecurity 2026: Americans’ Views of Retirement

By Barb Butrica, Dan Doonan & Kelly Kenneally As affordability pressures squeeze household budgets, Americans increasingly fear they will not be financially secure in retirement, while also expressing caution about artificial intelligence and cryptocurrency in retirement planning, according to a new national public opinion report, Retirement Insecurity 2026: Americans’ Views of Retirement. The research finds that 80% of Americans say the nation faces a retirement crisis, up sharply from 67 percent in 2020. Additionally, more than six in ten Americans (61...

Measuring the Fiscal Sustainability of Public Pensions

By National Conference on Public Employee Retirement Systems When budgets tighten and the economy falters, some states and localities have reacted to worries about pension funding ratios and unfunded liabilities by increasing employee contributions and cutting benefits. Some have even closed pension plans to new hires. Yet public pensions have a strong record of delivering retirement security efficiently: NCPERS’ 2025 update of its landmark economic impact study finds that public pensions generated $2.9 trillion in economic output and $661.9 billion in...