April 2026

Germany. Lufthansa resumes flights

The German airline “Lufthansa“ (Lufthansa) announced that flights were resumed as scheduled today after a series of strikes during the week, BTA reported. “Everything resumed as planned“, a spokeswoman told DPA after thousands of flights were canceled. Around 650 flights were canceled at Frankfurt Airport, Germany's main aviation hub, on Friday alone, and more than 400 at Munich Airport. Together with the cabin crew union “Ufo“ (Ufo), the pilots' union “Vereinigung Cockpit“ (VC) suspended operations “Lufthansa“, “Lufthansa Cargo“ and “Cityline“ for five...

UK. Chancellor warned against tax raid on pension pots

The boss of Britain's largest pensions firm urged Rachel Reeves to rule out a tax raid on retirement pots, as she faces mounting pressure to boost defence spending. Standard Life chief executive Andy Briggs said savers needed certainty that the pension tax system is not 'going to keep changing' so they can plan properly for later life. 'My view is that pensions need a multi-decade policy approach,' he told the Daily Mail. 'If you get speculation each year, if there's any sort...

US. New York City to Spend $4 Billion From Pension Funds on Affordable Homes

A 33-story mixed-income high-rise in Midtown Manhattan, with rents as low as $1,000 for one-bedroom apartments. A 30-unit apartment building in the Bronx for survivors of domestic violence who have struggled with homelessness. A Brooklyn building for formerly incarcerated women and their families. These are some of the affordable housing projects that have been financed in the past several years with money from New York City’s public pension funds, which provide retirement benefits for the city’s police officers, teachers, firefighters...

India’s Informal Sector and AI: Jobs, Justice, Policy

India’s informal sector is unlikely to disappear in the age of AI, but without deliberate policy interventions, it may become increasingly precarious, unequal, and exclusionary. The central issue is not whether AI will be adopted, but whether India can shape this transition to safeguard and enhance informal livelihoods rather than passively allowing technology to displace them at scale. India’s growth story still rests on informal work: over 90 percent of workers are employed in the informal sector, mostly in tiny, unregistered...

Canada. Thousands of federal workers seek early retirement

About 4,600 federal public servants have applied for an early retirement package since the application window opened last month, as the Canadian government moves to reduce the size of its workforce by 2029, according to a government official. Mohammad Kamal, director of communications for Treasury Board president Shafqat Ali, told CTV News Ottawa on Wednesday that applications have been coming in since the process opened on March 27. Public servants have until July 24 to apply for the Early Retirement...

New Research Points to Lifetime Income as the Missing Link to Global Retirement Security

Today, during the Spring IMF World Bank Meetings, Prudential Financial, Inc. (NYSE: PRU) unveiled new global research conducted by the Global Aging Institute (GAI) showing that while retirement savings have grown in many countries, most systems still leave individuals on their own to manage the risk of outspending or outliving their savings. The study concludes that lifetime income can significantly strengthen retirement security, helping people spend more confidently while reducing the overall cost and strain on retirement systems. The Case for Lifetime...

UK. The birth of the buy-in: Reflections on 20 years of pension risk transfer

Buy-ins are now well-established and regularly dominate the headlines in the pensions press. But that has not always been the case. Take yourself back to March 2006. A small group of us at LCP was contemplating what the recent launch of a wave of new insurers seeking approval to write bulk annuities could mean for defined benefit (DB) schemes. We saw potential benefit for trustees and sponsors, and so our pension risk transfer practice was born. Today, we have a thriving...

SMU launches Longevity Societies and Economies Institute to advance knowledge and innovation for Singapore’s longevity transition

Singapore Management University (SMU) has launched the SMU Longevity Societies and Economies Institute (LSEI) which will focus on the economic and societal transitions needed for economies and societies to continue thriving despite an ageing population. The Institute was launched on 14 April by Ms Indranee Rajah, Minister in the Prime Minister's Office, Second Minister for Finance and Second Minister for National Development, at the World Ageing Festival 2026, organised by Ageing Asia with SMU as the Co-host and Academic Pillar Partner. Singapore is already...

Kenya. Audit raises red flag over Sh118.5 billion pension payments to ghost retirees

An audit has uncovered persistent irregularities in the pension system, raising fresh concerns over the possibility of ghost pensioners, incomplete records and questionable payments running into billions of shillings. The Auditor General's report covering the financial year ending June 2024 reveals that billions of shillings in pension payments remain under scrutiny due to gaps in records, delayed processing and long-standing reconciliation issues. In her report to Parliament, Gathungu questioned the accuracy of Sh118.55 billion pension payments, which include Sh61.68 billion for...

Why climate action matters for healthy longevity

Global life expectancy has more than doubled in just over a century, from around 32 years in 1900 to about 73 years today. This is the result of cleaner water, better nutrition, vaccines and more resilient health systems. But these gains now face a slower-burning threat: A rapidly warming planet. Climate change has long been associated with risks such as sea-level rise and biodiversity loss. Now it raises deeper questions of whether future generations will live not only longer lives, but healthier ones...