April 2026

US. Bipartisan Bill Seeks to Deny Pensions to Convicted Members of Congress

U.S. Representatives Suhas Subramanyam (D-VA) and Anna Paulina Luna (R-FL), along with Reps. Lauren Boebert (R-CO), Emily Randall (D-WA), Nancy Mace (R-SC), and James Walkinshaw (D-VA), introduced the bipartisan Congressional Pension Integrity Act on April 21, 2026. According to a statement from Subramanyam’s office, the legislation would bar members of Congress who commit “sex crimes, crimes of violence, corruption and fraud, and engage in sexual relations with their staff,” from receiving taxpayer-funded pensions. “Members of Congress should be held to a...

Emma Douglas named chair of UK Pensions Regulator

The UK government has appointed Emma Douglas as the new chair of The Pensions Regulator (TPR). Douglas will take up the role at a time of ongoing change across the UK pensions landscape, with the regulator continuing to focus on protecting savers while supporting innovation and market development, it noted in a statement. Her five-year term begins on 1 July 2026, when current interim chair Kirstin Baker steps down. Announcing the appointment, pensions minister Paul Maynard said: “I am delighted to appoint...

Australia. More than 3 million Australians over 65 to pay more for private health

More than 3 million Australians aged over 65 will have to pay hundreds of dollars more for their private health insurance per year, in a move the federal government argues will re-establish fairness between generations. In a major pre-budget speech at the National Press Club on Wednesday, Health Minister Mark Butler announced sweeping changes to the National Disability Insurance Scheme and aged care. As part of this, he revealed older Australians would no longer be given special treatment and would now have to...

Mobile seniors and local economic development

Despite population ageing worldwide, little is known about the economic effects of retiree immigration. Using data from France over 1968–2008, this column documents retiree migration patterns and their implications for local economies. Around the statutory retirement age, retiree mobility increases, predominantly towards poorer and more rural areas. Their arrival leads to significant local economic gains, including increased employment, more construction, and higher local tax revenues. Mobile seniors have become a significant force for reducing the concentration of employment and...

Older People Are Hoarding the US’s Potential

Mr. Moyn is the author of the forthcoming “Gerontocracy in America.” “Ageism” identifies an enduring phenomenon: the mistreatment of older people for no reason other than being older. Americans in middle age and beyond are routinely passed over for opportunities because of the irrelevant fact of a number on paper or how they act and look after getting older. In today’s world, the unfair discrimination they cite coexists with a different kind of unfairness: a gerontocratic society in which the old...

The Gray Tide: Latin America’s Demographic Transformation

For more than 25 years, Jardín Sonrisitas (“Little Smiles Kindergarten”) taught kids their ABCs in Villa del Cerro, a working-class portside district in Uruguay’s capital. But in December, the beloved kindergarten closed: one of three local creches to shut in as many years. Today, the building’s shutters are pulled down, its outdoor play equipment piled to one side. The reason is simple, said Catalina Clara, 38, whose six-year-old daughter was one of the last four students: “People aren’t having many...

US. Pension surplus era reshapes strategy as corporate plans rethink risk and returns

US corporate pension plans are entering 2026 in a position of strength, but that progress is reshaping, not simplifying, decision-making. A new report from BlackRock finds average funded ratios for defined benefit plans have reached roughly 108%, up sharply from about 87% in 2018. With many plans now overfunded, sponsors are shifting focus from closing deficits to preserving gains and determining how best to deploy surplus assets. That shift is altering long-standing investment approaches, particularly around liability-driven investing. While LDI allocations expanded significantly...

Retirement is getting out of reach for younger Filipinos

Filipinos are significantly underprepared for their later years, according to a new study by Insular Life Assurance Co. (InLife), which suggests that traditional savings accounts are no longer sufficient to guarantee a worry-free retirement. The inaugural InLife Retirement Index returned a score of 47 out of 100, highlighting a gap between the aspiration of a comfortable old age and the practical financial measures required to achieve it. The index evaluated readiness across six metrics: life stage, personal finances, health, pension participation,...

Japan pension fund GPIF urges stronger stewardship to boost long-term returns

Japan’s Government Pension Investment Fund (GPIF) said on Friday it will step up expectations for external asset managers to strengthen stewardship activities, including deeper corporate engagement, as part of efforts to enhance long-term investment returns. Stewardship — including environmental, social and governance (ESG) considerations — would be pursued from the perspective of improving long-term returns, said the world’s largest pension fund, with about US$1.8 trillion in assets under management, in its 2025/2026 stewardship activities report, which outlined its approach for the five-year period through March...

Croatians protest seeking higher wages, pensions

Thousands of Croatians protested on April 18 in the capital Zagreb to demand higher salaries and pensions amid rising inflation in the EU nation in recent months. The protest dubbed "Croatia Together for Higher Wages and Pensions" was held as the country in March registered inflation of 4.89 percent, the highest in the euro-zone. Carrying banners saying "Stop the tax of poverty" and "If everything got more expensive, why didn't our salaries?", protesters marched through downtown Zagreb before gathering at the main Jelacic square. The rally was...