editor2, Author at Pension Policy International

16OctOctober 16, 2026

The Global Roadmap for Healthy Longevity Initiative

By National Academy of Sciences With unprecedented global aging, societies must undertake all-of-society efforts to maximize the benefits and minimize the burdens of aging populations. The Global Roadmap for Healthy Longevity (Global Roadmap) describes a realistic vision of healthy longevity that could be achieved by 2050. The vision includes full inclusion of people of all ages, regardless of health or functional status, in all aspects of society and societies characterized by social cohesion and equity. To achieve the vision, Global Roadmap...

October 16, 2026

Aging, Books, Books, Reports

16OctOctober 16, 2026

The Duration Gap: Value-at-Risk, Interest-Rate Swaps and the 2026 Losses of Chile’s Most Conservative Pension Fund

By Alfredo Merlet Between January and September 2026, Fund E, the most conservative of Chile's five mandatory pension fund types, lost about ten per cent in real terms, its second-worst result on record, while the funds' positions in foreign interest-rate derivatives swung to a reported valuation loss of about US$7.7 billion. This article asks why standard Value-at-Risk (VaR) measures did not warn of the loss. Using daily unit values for the seven pension fund administrators (AFPs) from January 2015 to...

October 16, 2026

Articles, Investment2026, Chile, Investment, Pension Management, Returns

16OctOctober 16, 2026

Optimal Transition Schedules for Retirement Age Increases: Welfare and Intergenerational Fairness

By Yaodi Yong, Jinggong Zhang & Xiaobai Zhu In response to demographic shifts such as declining fertility rates and increasing life expectancy, many countries are raising the full retirement age (FRA). This paper develops a novel optimization framework for designing FRA increase schedules, explicitly balancing the minimization of aggregate welfare loss across affected generations with intergenerational fairness considerations. Within a continuous-time framework, we model welfare loss through disutility functions applied to actuarial losses generated by pension reforms, while incorporating smoothness...

October 16, 2026

Aging, Articles2026, Aging, Pension Reform, Retirement Age, Social Security

16OctOctober 16, 2026

When Retirement Faces Climate Risks: Linking Socio-Economic Pathways with Financial Outcomes

By Stephanie Neal & Laurens Swinkels Standard analyses of retirement adequacy focus on financial metrics such as contribution rates and replacement ratios, while climate scenario studies typically emphasize broad macroeconomic outcomes. Neither approach, however, directly addresses what matters most to individuals: the quality of life in retirement. Retirement security under climate change is inherently multidimensional, shaped not only by financial wealth but also by health systems, infrastructure, environmental conditions, and social resilience. We develop an integrated framework that combines qualitative...

October 16, 2026

Articles, Pension design2026, Climate crisis, Investment, Public Policy, Risk, UK

16OctOctober 16, 2026

México. Jueces en retiro piden al Senado intervenir por falta de pago de indemnizaciones

Jueces y magistrados en retiro se reunieron ayer con integrantes de la Comisión de Justicia del Senado para pedir la intervención del Poder Legislativo, toda vez que el Órgano de Administración Judicial (OAJ) se niega a pagar a 200 de ellos las indemnizaciones y pensiones complementarias estipuladas que legalmente les corresponden. La presidenta de la Asociación Civil de Personas Juzgadoras Federales en Retiro, Elba Sánchez Pozo, expuso ante los senadores que a pesar de que el artículo décimo transitorio de...

October 16, 2026

Noticias, NoticiasMexico, Pensiones Públicas

16OctOctober 16, 2026

Fondos de pensiones de Chile pidieron límites a apuestas por tasas de EE.UU. antes de perder millones

Se trataba de un llamamiento desesperado a los reguladores: se les instó a intervenir y a poner fin a este comportamiento imprudente. Esto ocurrió cuando los fondos de pensiones chilenos estaban realizando apuestas desmesuradas sobre las tasas de interés estadounidenses, más de un año antes de que una dolorosa crisis les dejara con pérdidas de miles de millones de dólares. Sin embargo, las advertencias no procedían de un denunciante interno ni de un inversor especialmente perspicaz que hubiera examinado los...

October 16, 2026

Noticias, Noticias, Op-EdAdministración de Pensiones, Chile, Inversión

16OctOctober 16, 2026

Alemania aprueba plan de pensiones para niños a partir de 6 años

El Parlamento de Alemania aprobó el viernes 16 de octubre de 2026 la llamada "pensión de inicio temprano" (Frühstartrente), un sistema que pretende fomentar el ahorro privado para la jubilación desde la infancia. La medida salió adelante con los votos de la coalición de gobierno, formada por democristianos de CDU/CSU y socialdemócratas del partido SPD. Los Verdes, La Izquierda y organizaciones de consumidores la criticaron por considerar que puede aumentar las desigualdades sociales. Nacidos a partir de 2020 El programa prevé que...

October 16, 2026

Noticias, NoticiasAhorro, Alemania, Diseño de Pensiones

16OctOctober 16, 2026

Is Latin America Ready to Grow Old?

The story of Maricarmen, the 87-year-old Madrid woman evicted by police from the apartment she had lived in since 1956 (she died shortly afterward), drew rare international attention for a housing dispute. Yet the same problem afflicts thousands of older people in Latin America. In Mexico City alone, civil society groups have documented more than 1,200 evictions of older residents over the past five years. Those figures hint at something bigger facing many seniors: the struggle simply to live...

October 16, 2026

NewsAging, Latin America, System sustainability

16OctOctober 16, 2026

Managing risks and achieving scale key to CDC’s success

Pension professionals believe collective defined contribution (CDC) pensions can be made simple enough to catch on, but their success will depend on addressing the risks and trade-offs, achieving scale, and getting schemes up and running quickly. Speaking during a panel session at the Pensions UK Annual Conference, Sackers partner, Jacqui Reid, said the industry must be “really cognisant” of CDC's risks and trade-offs. However, she believed it will become a mainstream benefit in the not-so-distant future. Kingfisher pensions director, James Chemirmir, agreed...

October 16, 2026

NewsCDC, UK

16OctOctober 16, 2026

Africa’s Pension Funds Are Growing, But Too Much Capital Still Sits in Government Bonds

Africa’s pension industry is accumulating significantly more capital, but much of that money is still circulating between retirement funds and governments rather than financing companies, infrastructure and other productive assets. Pension assets across the economies covered by the 2026 Absa Africa Financial Markets Index increased by nearly US$70 billion in the latest year, equivalent to growth of 24 percent, the largest annual increase recorded in at least four years. South Africa accounted for US$42 billion of that increase as...

October 16, 2026

NewsAfrica, savings

October 2026