News Archives - Page 24 of 964 - Pension Policy International

25MayMay 25, 2026

UK Pensioners Suffer Heavy Tax Losses as 462,000 Rush to Withdraw Savings

Hundreds of thousands of British retirees are inadvertently surrendering significant portions of their life savings to HM Revenue and Customs, as an unprecedented rush to withdraw pension cash exposes catastrophic flaws in national retirement guidance. Startling data published annually by the Financial Conduct Authority reveals a 29 percent surge in the number of individuals cashing out their entire pension pots. Driven by unrelenting cost-of-living pressures and highly restrictive legacy financial products, retirees are triggering massive, entirely avoidable tax liabilities that...

May 25, 2026

NewsTaxation, UK, Withdrawals

25MayMay 25, 2026

Germany. GOVT reportedly mulls change to retirement age

claims it saw a draft proposal by the government to increase the age of retirement by three years Chancellor Merz has proposed that Ukraine become an 'associate' member of the European Union Politicians have been reacting to a report from German tabloid Bild that the government of Chancellor Friedrich Merz is planning to raise the age of retirement from 67 to 70 years old. According to the report, the age will be raised to 68 in the 2040s, 69 in the 2050s, before...

May 25, 2026

NewsGermany, Retirement Age

22MayMay 22, 2026

UK Pensions | The Mansion House agenda: a legislative turning point

When we last examined the Mansion House agenda in January (see here), we noted the tension between voluntary commitments to UK and alternative asset investments and the trade-offs inevitably involved when changing investment strategy. In the background there loomed the prospect of a sweeping reserve power in the Pension Schemes Bill, by which the Government could mandate investments in certain assets (commonly referred to as the “mandation” power). Things have now moved on. The Bill is now the Pension Schemes Act...

May 22, 2026

NewsRegulation, UK

22MayMay 22, 2026

Canadian pension fund crosses $793 billion as it weathers geopolitical storm

Canada's retirement giant posts 7.8% return for fiscal 2026, beating long-term sustainability targets as contribution rate cut looms. Canada's largest pension fund closed its fiscal year with net assets of $793.3 billion, adding nearly $79 billion over the course of twelve months despite navigating a turbulent global environment defined by currency volatility, shifting central bank expectations and a late-year equity selloff driven by Middle East conflict. CPP Investments ended the fiscal year on March 31, 2026, up from $714.4 billion a...

May 22, 2026

NewsCanada, Investment, Pension Management

22MayMay 22, 2026

Low female employment and informality threaten Morocco’s social protection goals

Morocco’s low female labor participation, widespread informal employment, and rapidly aging population are putting growing pressure on the sustainability of pensions and social protection systems, according to a new HCP report. The study argues that extending social coverage alone will not be enough without deeper reforms aimed at expanding formal employment and increasing women’s participation in the economy. Low female participation in the labor market, the persistence of informal employment, and rapid demographic aging are putting increasing pressure on Morocco’s...

May 22, 2026

NewsGender Gap, Labor Market, Morocco

21MayMay 21, 2026

Why millions of Britons face a pension cliff edge

In today’s newsletter: A new report warns that many in the UK are under-saving for later life, leaving some with little choice but to work longer. Good morning. I am going to whisper this gently so you don’t get spooked back under the duvet – there is a good chance that you are one of at least 15 million Britons not saving adequately for retirement. That is according to a report published this week by the Pensions Commission. The pensions “cliff edge” is...

May 21, 2026

NewsAdequacy, Pension design, savings, UK

21MayMay 21, 2026

Ghana. Informal sector pension coverage rises to 16.7%

Pension coverage among informal sector workers in Ghana increased from 13.2 per cent in 2024 to 16.7 per cent in 2025, the Financial Stability Review 2025 has revealed. The Review attributed the increase to intensified public education campaigns, improved enrolment strategies, and the introduction of flexible pension products tailored to self-employed workers. The report said the growth formed part of broader reforms aimed at strengthening the sustainability of Ghana’s three-tier pension system and expanding access to retirement savings opportunities. It said the...

May 21, 2026

NewsCoverage, Ghana, Informal Sector

21MayMay 21, 2026

Quebec pension giant bets big on Brazil’s power grid

Two of Latin America's largest energy infrastructure investors are consolidating their Brazilian transmission assets into a single platform, betting on the country's grid modernization push. La Caisse de dépôt et placement du Québec and Colombia-based Grupo Energía Bogotá (GEB) have signed a final agreement to merge their respective Brazilian power transmission holdings into a jointly controlled, 50/50 venture under the name Verene Energia S.A. The combined entity will hold 26 electric transmission concession agreements, more than 9,000 km of transmission lines, and over...

May 21, 2026

NewsCanada, Investment

21MayMay 21, 2026

Bulgaria. Regulator Proposes Higher Pension Fund Reserves, Stronger Safeguards for Insured Persons

Bulgaria's Financial Supervision Commission (FSC) has approved at first reading draft ordinances on higher reserve requirements for pension insurance companies and stricter rules for protecting insured persons' funds, the regulator said on Tuesday. The changes follow up on amendments to the Social Insurance Code and concern the introduction of multi-funds in supplementary pension insurance. Higher reserves to guarantee contributions The most significant change concerns higher capital coverage requirements due to the continued growth of assets managed by pension funds. Currently, the gross...

May 21, 2026

NewsBulgaria, Pension Reform, Regulation, Risk

20MayMay 20, 2026

UK. Asking people to save 12% of salary into pensions could tackle looming retirement poverty crisis

Poverty in retirement could be drastically reduced if minimum work pension contributions were boosted, a new report finds. Some 12.2 million people or nearly a third of adults face hardship in later life on current forecasts. That is the number of people heading for an income of less than the Pensions UK benchmark for a basic standard of living - £13,400 if you are single or £21,600 for a couple. The figures do not account for income tax, housing or care costs. However,...

May 20, 2026

NewsAdequacy, Pension design, savings, UK

May 2026