June 2025
18Jun

India needs to design an inclusive pension system

Pensions are essential for maintaining economic stability and dignity after retirement. Retirees often face financial instability due to reduced earning capacity, rising health-care costs, and inflation, necessitating a safety net in the form of pensions. The Economic Survey 2025-26 reports that Indian pension assets amount to just 17% of GDP, compared with up to 80% in many advanced economies. Currently, only around 12% of India’s workforce is covered by formal pension schemes. The coverage is also disproportionate, with public sector...

June 18, 2025
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18Jun

Pension Schemes Bill will help to deliver a UK pensions system fit for the future

The government has released the first draft of the Pension Schemes Bill 2024-2025, with a roadmap that sets out its plan to implement reforms across defined contribution (DC) and defined benefit (DB) workplace pensions. The draft bill and roadmap published on 5 June bring together reforms that are mostly intended to improve retirement outcomes for members and to support UK economic growth as part of the government's plan to deliver a "private pensions system fit for the future". The bill does not, however, include any...

June 18, 2025
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17Jun

US. Largest Corporate Pension Plans Add $22B in May

U.S. corporate pension funds continued to recover in May, as higher bond yields drove down plan liabilities, and pension assets increased. The funded status of the 100 largest corporate defined benefit pension plans increased by nearly $22 billion in May, according to Milliman. The funded ratio of the DB plans rose to 104.9% from 103%. The increase erased the losses from a rocky first quarter of the year, bringing the funded status above 103.6%, where it started 2025. Pensions assets increased...

June 17, 2025
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17Jun

Pensioner poverty in Europe: Which countries have the highest rates?

In most European countries, the average income of people over 65 is lower than that of the total population, according to the OECD. In several cases, elderly incomes fall below 80% of the national average, contributing to significantly high poverty rates among pensioners. So, how do these levels of financial precarity vary across Europe? In which countries do pensioners face the highest levels of poverty? And how does elderly income compare to the national average? Income poverty rates measure the proportion...

June 17, 2025
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17Jun

South Korea: Insurers widen voluntary retirement schemes amid digital shift and M&A activity

The insurance industry is likely to see a rise in voluntary retirements in the latter half of this year, driven by ongoing digital transformation and a wave of mergers and acquisitions, according to industry sources on Monday, reported The Korea Times. As companies restructure their workforces during integration processes, the focus is shifting toward incentivised voluntary departures rather than forced layoffs. Hanwha General Insurance, currently preparing to complete its merger with Carrot General Insurance by September, is expected to follow this...

June 17, 2025
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17Jun

Netherlands. Weaker US dollar hits pension funds harder than falling stock prices

At the end of the first quarter of 2025, Dutch pension funds managed assets worth €1,771 billion. Almost half of this, some €808 billion, is invested in currencies other than the euro.  This mostly concerns US dollar-denominated investments (€551 billion), of which €450 billion are investments in the United States. Source: DNB statistics At De Nederlandsche Bank, we independently compile statistics on the Dutch financial sector and economy. This article is based on these statistics. More information on our statistics and all dashboards...

June 17, 2025
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16Jun

Planning for 100-year lives: How fintech can reshape wealth for the longevity economy

With people living significantly longer, the conventional model of retiring at 65 no longer suffices. Fintech innovations like robo-advisors, artificial intelligence coaches, and behavioural nudges can help people navigate financial volatility. Real impact demands joint efforts from fintechs, banks, employers, educators and policymakers to make financial tools inclusive, accessible and effective. We are living through a global demographic shift. By 2050, one in six people worldwide will be over the age of 65, up from one in 11 in 2019, according to the United...

June 16, 2025
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16Jun

Swedish pension fund AP7 blacklists Tesla, has sold entire stake

Swedish pension fund AP7 said on Friday it has blacklisted and sold all its shares in U.S. electric vehicle maker Tesla (TSLA.O), opens new tab, citing violations of union rights in the United States. "AP7 has decided to blacklist Tesla due to verified violations of labor rights in the United States," the pension fund said in a statement. Make sense of the latest ESG trends affecting companies and governments with the Reuters Sustainable Switch newsletter. Sign up here. "Despite several years of dialogue with Tesla,...

June 16, 2025
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16Jun

Nigeria. ESG reform will reshape pension industry – PenOp

The Chief Executive Officer of the Pension Fund Operators Association of Nigeria, Oguche Agudah, has said that the standardisation of Environmental, Social, and Governance reporting would be a game-changer for the pension industry. Agudah said this at the High-Level Roundtable in Lagos, a pre-event of the 2025 Africa Impact Summit Study Tour in Nigeria, convened by the Impact Investors Foundation, Impact Investing Ghana, GSG Impact, Alitheia Capital, and Kuramo Capital. The Pension Fund Operators Association of Nigeria is the trade association...

June 16, 2025
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16Jun

Japan’s Population Crisis Reaches Tipping Point

In 2024, Japan recorded only 686,061 births—the lowest number since records began in 1899. This marks a 5.7% decline from the previous year and the ninth consecutive annual drop. The fertility rate also hit a record low of 1.15 children per woman, far below the 2.1 needed for population stability. The steady decline in the number of births has become a defining feature of Japan’s demographic landscape, raising deep concerns about the country’s ability to sustain its population. Each year, the...

June 16, 2025
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