August 2026

BlackRock overhauls $1bn high-yield ETF duo for Nordic pension fund

BlackRock has switched the indices of euro and US dollar high yield corporate bond ETFs in favour of softer ESG credentials to suit the updated sustainability targets of a Nordic pension fund. The $582m iShares € High Yield Corp Bond ESG Paris-Aligned Climate UCITS ETF (HYPE) and the $423m iShares $ High Yield Corp Bond ESG Paris-Aligned Climate UCITS ETF (HYDP) will switch from tracking their respective versions of the Bloomberg MSCI Corporate High Yield Climate Paris-Aligned ESG Select index...

Disney Offers Executives Voluntary Early Retirement Packages Amid Overall Cost-Cutting Plans

Disney is offering longtime executives early retirement packages amid larger cost-cutting efforts and ongoing layoffs. The offer, announced in a memo to staff sent by Senior EVP and Chief People Officer Sonia Coleman on Monday, the time-limited, company-sponsored Voluntary Early Retirement Offer (VERO) program is set to give eligible executives the opportunity to retire now with an enhanced retirement package that "recognizes their service and contributions." The offer will include separation pay, continued vesting of existing equity awards, healthcare support at...

UK. A dynamic value-based framework for retirement

My mother spent much of her working life as a home-help organiser, helping other people remain independent and supporting families who needed care. When she eventually needed help herself, however, that lifetime of contribution gave her no particular claim on the care she required. She simply had to pay for it. That always struck me as odd. We are very good at recognising, storing and exchanging financial wealth, but much less good at recognising other forms of value that people...

The Most Important Longevity Term You’ve Probably Never Heard of

What if there was a single metric that could capture every aspect of your health — how strong you are, how clear your vision is, how sharply you think? That’s the goal of intrinsic capacity, a holistic measure of what someone’s body and mind are capable of. “It’s not really a sexy term,” but it makes sense from a scientific perspective, said Dr. John Beard, a professor of productive aging at the Columbia University Mailman School of Public Health who helped...

México. SHCP: tenemos que encontrar formas para que el ahorro interno se use en infraestructura

A diferencia de lo que ocurría hace décadas, México hoy cuenta con ahorro interno, como el acumulado en las Administradoras de Fondos de Ahorro para el Retiro (Afore), por lo que sólo falta encontrar las formas para canalizarlo a la infraestructura que reduzca las desigualdades regionales, manifestó esta tarde Édgar Amador, secretario de Hacienda y Crédito Público (SHCP). “Quizá los que tengamos la edad suficiente, lo recordamos: hace algunas décadas, teníamos proyectos en la planeación, teníamos proyectos, pero no teníamos...

Chile. Reforma de pensiones: cómo funcionará la nueva Cotización con Rentabilidad Protegida que parte en septiembre y permitirá subir pensiones

A medida que avanza la implementación de la reforma de pensiones, se incorporan nuevos mecanismos consignados en la ley. Esta vez, se trata de la Cotización con Rentabilidad Protegida (CRP), un nuevo componente previsional que pagarán los empleadores a partir de septiembre junto con el resto de las cotizaciones. Con este cambio, el aporte previsional adicional de cargo al empleador llega al 3,5% de la remuneración imponible de cada trabajador, y seguirá aumentando de forma gradual hasta alcanzar 8,5% en...

Perú. SBS uniformiza tratamiento contable de pagos para entidades financieras, AFP y seguros

Como parte de su labor permanente de revisión y actualización del marco normativo la Superintendencia de Banca, Seguros y AFP (SBS) ha establecido un tratamiento contable uniforme para los pagos que realicen las empresas supervisadas en el marco de controversias tributarias. De acuerdo con la Resolución SBS 02104-2026, publicada hoy en el Diario Oficial, se incorporan cuentas contables relacionadas con los pagos efectuados en el marco de controversias tributarias en el rubro de cuentas por cobrar y en el rubro...

Gen Xers fret over the future of Social Security. “I will likely be working in retirement.”

Retirement is biting Generation X. Its oldest members will turn 62 next year, the earliest age at which people can claim Social Security benefits, with many Americans having too little saved to stop working even as the program faces its own funding crisis. Chris Branaman, 53, jokes that his retirement will be spent as a Walmart greeter. "That's my funny way of saying I will likely be working in retirement," said Branaman of Bay City, Michigan, who works in IT and...

Look beyond funded ratios for hidden pension risks

Pension funding risk has evolved into a structural debt obligation — akin to an obligor's bonded indebtedness from a secondary credit consideration — having minimal impact on yield levels. Public pension fund risk assessment stands at the intersection of investment management practices and a municipal credit evaluation process for governments and revenue enterprises that prioritizes funding discipline and fiscal capacity. While funded ratios remain a key barometer of pension funding risk, they do not tell the full story. Beyond simply...

India’s gig economy leaving its women behind, study finds

India’s gig economy, which includes 10-minute food delivery and ride-hailing apps, is creating millions of jobs. Yet, women are largely missing from it, according to a new study. Indian women have achieved near parity with men in access to basic bank accounts, but that progress isn’t carrying over to the digital economy, with women workers underrepresented in jobs at companies such as Uber Technologies, Swiggy and Urban Company, according to report by the International Labour Organization and the National Council...