June 2025

Activating the aging agenda: A fresh look at an overlooked mega trend

Almost every country in the world today is facing a predictable, but addressable, trend that will profoundly impact societies and economies: Aging. Despite numerous calls  to action, the aging agenda remains under the radar, especially when compared to other “mega trends” like climate change and digital transformation. Understanding demographic changes Why is aging being overlooked? There are three key aspects of demographic changes that are not well understood, which we believe is contributing to the lack of policy attention: Speed of aging in developing economies: Developing...

‘No choice to be absent from US markets’

US markets have historically played a key role in supporting pension fund performance, not just for CPP and OMERS but also for smaller Canadian plans, like UPP and OPTrust. But with current geopolitical and headwinds at play, are pension funds planning to change strategy? Jason Campbell believes that unless something drastic were to happen over the next year or two, most pensions will likely stay the course. After all, institutional investors typically plan for the long term and don’t get bogged...

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...

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...

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...

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...

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...

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...

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...

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,...