July 2025
17Jul

Pakistan approves 15 pct increase in EOBI pensions

Pakistan's federal cabinet has approved a 15 percent increase in pensions for beneficiaries of the Employees' Old-Age Benefits Institution (EOBI), according to an official statement issued on Wednesday. The decision was made during a cabinet meeting chaired by Prime Minister Shehbaz Sharif. The increase, effective from Jan. 1, 2025, will be financed through EOBI's own resources, the statement said. The cabinet also approved the formation of a committee to propose institutional reforms within EOBI and explore options to extend pension coverage...

July 17, 2025
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17Jul

Vietnam updates insurance law with guidance on lump-sum payouts

It also clarifies the entitlement to retirement and survivorship benefits. Vietnam's Government has issued a decree to provide detailed guidance on several provisions of the Law on Social Insurance related to voluntary social insurance. The new decree, Decree 159/2025/ND-CP, took effect on 1 July, replacing Decree 134/2015/ND-CP. Key areas covered include contribution rules, benefit entitlements, and transitional provisions. Specifically, the decree outlines regulations for individuals who do not qualify for pensions or social allowances due to age or contribution conditions; sets...

July 17, 2025
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16Jul

PRT Market Momentum Expected to Continue

Pension risk transfers will be among the fastest-growing product lines in the life insurance sector, J.P.Morgan Chase & Co. found in its June 27 “North America Equity Research” report. According to the firm, many U.S. private sector employers that froze and/or closed their defined benefit pension plans as a benefit for employees more than a decade ago still have legacy plans, totaling $3.2 trillion in assets. Many firms have shifted their DB liabilities to insurers through PRT transactions. The PRT market...

July 16, 2025
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16Jul

Government and industry ‘united’ in determination to drive returns and boost UK investment

Chancellor Rachel Reeves has said the government and the industry are "united" when it comes to delivering for savers and the UK economy. During her Mansion House speech yesterday (15 July), Reeves said: "Pension funds and this government are united in our determination to deliver higher returns for savers and more investment for the economy." Last year at Mansion House the government set out an overhaul of the UK pensions system which included proposals for the creation of defined contribution and Local...

July 16, 2025
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16Jul

Ranked: Countries With the Highest & Lowest Pensions in Europe

Rich Western economies like Iceland, Luxembourg, and Norway can afford annual pensions north of €30,000 per retiree. Poland and Hungary spend a big slice of GDP on pensions, yet smaller tax bases keep payouts below €7,000. The seven-fold gap between Iceland and Hungary proves pension size tracks economic heft, not political will. everal generations are already saying they won’t retire due to financial anxieties. But what about today’s retirees? How are they making ends meet, and what do current-day pensions actually look like? This chart visualizes the latest figures...

July 16, 2025
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16Jul

Paging Gen Z: It’s not a ‘micro-retirement.’ It’s a vacation

It’s July, and many Midwesterners are flocking to the lake, driving south to go to the beach, or simply sticking around to enjoy the fleeting hot weather at their local pool. Even Pope Leo XIV, arguably one of the busiest and most important people in the world, is taking a summer vacation. (True, his break includes six weeks off, something most of us can only dream of.) That’s why we were intrigued to see a new Gen Z term crop up. A...

July 16, 2025
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15Jul

Argentina’s Milei told to ‘grow up’ by VP in spat over pensions

Argentine President Javier Milei and his vice-president, Victoria Villarruel, have engaged in a bitter public war of words over plans to increase pensions. Milei shared posts on X in which his running mate had been called "stupid" and described as "a traitor", and in response Villarruel told the president to "grow up". The president's anger was triggered by a heavy defeat in Congress on Thursday, when the Senate approved motions aimed at boosting pensions and increasing disability allowances - which Milei...

July 15, 2025
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15Jul

Funded Status of U.S. Corporate Pension Plans Rose Again in June

Strong investment returns for both equities and bonds drove pension fund investments higher and funding levels for U.S. corporate pensions improved in June for the third consecutive month. The funded status of the 100 largest corporate defined benefit pension plans increased to 105.1% from 104.9% and improved by $3 billion in the month, according to Milliman’s June Pension Funding Index. In May, a decrease in liabilities, due to higher bond yields, drove up pension funding. In June, “liabilities actually increased because...

July 15, 2025
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15Jul

Pension Transfer Delays Put Trust at Risk, Says New PensionBee Report

UK pension provider PensionBee is renewing its call for a legally enforced 10-day pension switch guarantee, warning that long delays and inconsistent processes are causing real harm to savers. Its latest report, Ending Pension Purgatory, reveals that nearly half of consumers found transferring a pension difficult, while three in five said delays were harming their ability to manage their retirement savings. The findings follow earlier research with financial advisers that uncovered widespread frustration with delay, with some transfers taking over a year, and a growing...

July 15, 2025
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15Jul

A revolution in the pension system is being prepared in Ukraine: what is known about it and how much payments will increase

Ukraine is preparing a large-scale pension reform that will allow citizens to significantly increase their future payments. According to the new model, pensions can be doubled or even tripled by combining three levels – solidarity, accumulative and voluntary. This was stated by the Minister of Social Policy, Oksana Zholnovych, in the program “What about the economy?” . It is noted that in some cases the pension will reach 80% of the previous earnings. The draft law on launching the accumulative system is...

July 15, 2025
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