News Archives - Page 11 of 964 - Pension Policy International

09JulJuly 9, 2026

South Africa. 16 municipalities caught pocketing workers’ pensions

Sixteen municipalities took money out of their workers’ salaries for pension contributions, and did not pay it over to the pension funds it belonged to. The finding came out as part of National Treasury’s decision to temporarily withhold R13.5 billion in July equitable share transfers from 69 municipalities across the country, including R3.6 billion from the City of Johannesburg. Treasury said the municipalities had shown persistent, serious non-compliance with the Municipal Finance Management Act. The South African Local Government Association, which represents...

July 9, 2026

NewsSouth Africa

09JulJuly 9, 2026

UK. Can CDC solve the retirement income challenge?

Retirement in the UK is starting to feel out of reach for many workers. Not because people do not understand the importance of pensions, nor because they are unwilling to save, but because once the bills are paid, there is little left. The Pensions Commission’s figures tell the story. Around 15 million people are estimated to be under saving for retirement, while projections suggest millions could face pensioner poverty by 2040 if current trends continue. Only around 4 per cent...

July 9, 2026

NewsAging, Asia, Health

09JulJuly 9, 2026

Asia’s super-aging societies are sparking a boom in high-end longevity clinics—even if ‘public enthusiasm’ is outpacing the science

A nondescript wooden door in Singapore’s central business district leads to an amiable concierge and a cup of warm tea. Customers at the Rekoop clinic swap their office clothes for scrubs and a pair of bedroom slippers, then are whisked through a series of wellness treatments: red light therapy, lymphatic massages, hyperbaric oxygen therapy, and others. Clinics like this are part of a new wave of longevity offerings taking Asia’s luxury hospitality sector by storm. By 2030, one in four Asians...

July 9, 2026

NewsAging, Asia, Health

08JulJuly 8, 2026

US. Milliman analysis: Despite June dip, corporate pensions close strong second quarter 109.5% funded

(BUSINESS WIRE)--Milliman, Inc., a premier global consulting and actuarial firm, today released its monthly Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans. June’s funded ratio is significantly ahead of the 106.1% seen at the start of 2026 The funded status of the Milliman 100 PFI plans fell by $2 billion during June, after 0.42% investment returns caused plan assets to slip to $1.323 trillion as of June 30. Plan liabilities also rose during the...

July 8, 2026

NewsFunding, US

08JulJuly 8, 2026

UK. Gen Z pension investment falls as gold and crypto ownership rises

Gen Z pension investment has fallen over the past six years, despite younger savers increasing their exposure to gold, stocks and crypto, research from GWI has found. The insights company found that gold ownership among Gen Z has increased by 50 per cent over the past six years, while investment in stocks and shares has risen by 45 per cent. Crypto ownership among Gen Z has also increased by 43 per cent over the same period. However, pension investment among the age...

July 8, 2026

NewsGen Z, Investment, UK

08JulJuly 8, 2026

Ghana. A-G uncovers GH¢7.5 million in illegal pension payments to 4 dead pensioners

A report by the Auditor-General (A-G) has found that four deceased pensioners continued to receive pension benefits long after their deaths, resulting in overpayments totalling GH¢7,494,975.34 between February 2019 and March 2026. The findings, contained in the Report of the Auditor‑General on the Public Accounts of Ghana Ministries, Departments and Other Agencies for the year ended 31 December 2025, identified a serious breach of financial regulations. "We noted that four deceased pensioners were paid a total amount of GH¢7,494,975.34 between February...

July 8, 2026

NewsGhana, Pension Payout

08JulJuly 8, 2026

Act soon to change ‘unsustainable’ direction of UK debt, OBR warns

Policymakers must act to prevent public debt rising unsustainably in coming decades as the population ages and defence spending rises, the government’s independent economic forecaster has said. In a fresh illustration of the challenges facing the prime minister in waiting, Andy Burnham, the Office for Budget Responsibility (OBR) said that without government action “debt would move on to what would be an unsustainable, ever-upward path from around the 2040s”. The OBR said defence spending would have to increase by an additional £28bn a...

July 8, 2026

NewsRegulation, UK

07JulJuly 7, 2026

UK. State pension spending set to reach 9% of GDP in 50 years

State pension spending is projected to rise from 5 per cent of GDP to around 9 per cent of GDP over the next 50 years, according to analysis from the Office for Budget Responsibility (OBR). The OBR’s latest Fiscal risks and sustainability report estimated that state pension spending would rise to around 9 per cent of GDP by 2075/76, driven by population ageing and the cost of triple-lock uprating, calculated using historical inflation and earnings volatility. However, in a scenario where...

July 7, 2026

NewsState pension, System sustainability, UK

07JulJuly 7, 2026

China’s gig economy absorbs laid off workers and strains the social safety net

In Beijing, Bao Zhang started driving for a Chinese ride-hailing service this year after losing his job as a software tester, and says the weak labor market gives him little hope of returning to the IT sector. His story is becoming increasingly common in China, where millions are moving from official employment to the gig economy due to scant unemployment insurance, a record number of graduates, and a shortage of jobs that is squeezing employment opportunities. Those who previously used taxis...

July 7, 2026

NewsChina, Informal Sector

07JulJuly 7, 2026

Pension giant pours US$1.75 billion into global AI infrastructure

The Canada Pension Plan Investment Board will invest $2.4bn to back EQT's expansion into artificial intelligence infrastructure through data centre developer EdgeConneX. The commitment increases the fund manager's exposure to digital infrastructure, a sector it ties to long-term returns for Canada Pension Plan contributors and beneficiaries, according to the announcement. CPP Investments said the transaction has closed after receipt of customary approvals. Max Biagosch, senior managing director and global head of real assets at the fund, linked the decision to rising demand...

July 7, 2026

NewsAI, Canada, Investment

July 2026