News Archives - Page 10 of 949 - Pension Policy International

21MayMay 21, 2026

Ghana. Informal sector pension coverage rises to 16.7%

Pension coverage among informal sector workers in Ghana increased from 13.2 per cent in 2024 to 16.7 per cent in 2025, the Financial Stability Review 2025 has revealed. The Review attributed the increase to intensified public education campaigns, improved enrolment strategies, and the introduction of flexible pension products tailored to self-employed workers. The report said the growth formed part of broader reforms aimed at strengthening the sustainability of Ghana’s three-tier pension system and expanding access to retirement savings opportunities. It said the...

May 21, 2026

NewsCoverage, Ghana, Informal Sector

21MayMay 21, 2026

Quebec pension giant bets big on Brazil’s power grid

Two of Latin America's largest energy infrastructure investors are consolidating their Brazilian transmission assets into a single platform, betting on the country's grid modernization push. La Caisse de dépôt et placement du Québec and Colombia-based Grupo Energía Bogotá (GEB) have signed a final agreement to merge their respective Brazilian power transmission holdings into a jointly controlled, 50/50 venture under the name Verene Energia S.A. The combined entity will hold 26 electric transmission concession agreements, more than 9,000 km of transmission lines, and over...

May 21, 2026

NewsCanada, Investment

21MayMay 21, 2026

Bulgaria. Regulator Proposes Higher Pension Fund Reserves, Stronger Safeguards for Insured Persons

Bulgaria's Financial Supervision Commission (FSC) has approved at first reading draft ordinances on higher reserve requirements for pension insurance companies and stricter rules for protecting insured persons' funds, the regulator said on Tuesday. The changes follow up on amendments to the Social Insurance Code and concern the introduction of multi-funds in supplementary pension insurance. Higher reserves to guarantee contributions The most significant change concerns higher capital coverage requirements due to the continued growth of assets managed by pension funds. Currently, the gross...

May 21, 2026

NewsBulgaria, Pension Reform, Regulation, Risk

20MayMay 20, 2026

UK. Asking people to save 12% of salary into pensions could tackle looming retirement poverty crisis

Poverty in retirement could be drastically reduced if minimum work pension contributions were boosted, a new report finds. Some 12.2 million people or nearly a third of adults face hardship in later life on current forecasts. That is the number of people heading for an income of less than the Pensions UK benchmark for a basic standard of living - £13,400 if you are single or £21,600 for a couple. The figures do not account for income tax, housing or care costs. However,...

May 20, 2026

NewsAdequacy, Pension design, savings, UK

20MayMay 20, 2026

US. Inflation is at a 3-year high. This is the ‘triple threat’ that retirees now face because of it

Plus, here’s how retirees can smartly deal with the secondary impacts of inflation. For retirees, inflation can hit especially hard thanks to three factors that interact with these rising costs: increased withdrawals, taxes and how those parlay into depleting savings, says Jay Sharifi, CEO of Legacy Wealth Management. Indeed, inflation can trigger a chain reaction, as it can necessitate larger withdrawals so retirees can afford their life. Those withdrawals then inadvertently create larger tax bills — and that may in...

May 20, 2026

NewsInflation, Retirement Planning, US

20MayMay 20, 2026

Europe’s wage and pension gaps reveal deep east-west divide

Who earns most?: Switzerland, Luxembourg, and Iceland top average wage rankings, while Eastern and Southern nations remain at the lower end. Pensions vs. costs: In 20 of 39 European countries, pensions fail to cover living costs, with the worst gaps in Georgia, Albania, and Ukraine. Minimum wage spread: Luxembourg, Ireland, and Germany lead nominal minimum wages, but purchasing power narrows the gap between east and west. OECD’s 2026 wage report shows stark disparities The OECD’s 2026 data reveals average gross wages ranging from €18,590 in Turkey...

May 20, 2026

NewsAdequacy, Europe, Income

20MayMay 20, 2026

South Africa. Pay is up. So why are workers raiding pensions?

The average salary increase this year was 5.43% – comfortably above inflation. Yet those same workers are tapping pensions to buy groceries and walking out of jobs at the fastest rate since Covid. he numbers, on paper, say South African workers are doing fine. The reality says something else. The average salary increase this year was 5.43%, according to the April 2026 Remchannel Bi-Annual Salary and Wage Movements Survey. That compares with 2025’s average inflation of 3.2%. By that arithmetic, most...

May 20, 2026

NewsLabor Market, South Africa, Withdrawals

19MayMay 19, 2026

Millions of Britons not saving enough for retirement, warns Pensions Commission

Report highlights ‘stark’ issue of self-employed workers struggling to save for later life. Millions of Britons are not saving enough under the current pension system, a government-backed commission will announce in an interim report published on Tuesday. The problem is particularly acute among those who are wholly self-employed, only 4 per cent of whom have any pension, the Pensions Commission has found. “The degree of the issue on self-employed is much starker than [we] would have thought,” said Sir...

May 19, 2026

Newssavings, UK

19MayMay 19, 2026

Australia. Lessons from OECD pension reforms that could foreshadow local changes

OECD reforms spotlight rising retirement ages, contribution adequacy, and decumulation challenges, shaping Australia’s superannuation policy agenda and future debates. Australia’s superannuation system regularly earns international praise for its scale and sustainability, but a survey of recent pension reforms across OECD countries suggests the policy agenda is far from settled. From rising retirement ages to mandated decumulation products, the changes taking place in peer economies offer a preview of debates likely to intensify locally. Rising retirement ages are the norm The most consistent...

May 19, 2026

NewsAustralia, Pension Reform

19MayMay 19, 2026

Zimbabwe. NSSA informal sector pension rollout targets 3 million

THE National Social Security Authority is on the verge of a historic reform, integrating over three million informal sector workers into Zimbabwe’s social security framework, a move that would rank among the country’s most significant protection rollouts in recent years The planned informal sector social security scheme targets vendors, cross-border traders, self-employed workers, small-scale traders and other workers currently excluded from formal pension systems. NSSA general manager Dr Charles Shava said the scheme was nearing completion as the authority moved to...

May 19, 2026

NewsFinancial Inclusion, Informal Sector, Zimbabwe

May 2026