News Archives - Page 28 of 977 - Pension Policy International

25JunJune 25, 2026

AI in pensions raises governance challenge for trustees: Cartwright

Artificial intelligence used across pension schemes is creating a governance challenge rather than a new regulatory risk, according to Cartwright Pension Trusts. Cartwright said trustees should focus on oversight, accountability and existing governance frameworks as AI becomes more widely used across scheme operations. It said trustees remain responsible for decisions and member outcomes, whether services are delivered by people or AI tools and should incorporate AI considerations into existing governance, risk management, supplier oversight and information security frameworks. According to Cartwright,...

June 25, 2026

NewsAI, Pension Management, Technology

25JunJune 25, 2026

US. Trump asks Congress for $1 billion to boost pensions of former GM parts company workers

The White House asked Congress on Wednesday for $1 billion to boost the pensions of workers at former General Motors (GM.N), opens new tab auto parts unit Delphi that were cut during the Detroit ‌automaker's 2009 bankruptcy restructuring. The White House is also seeking $1 billion to help reconstruct New York's Penn Station and $500 million to support ongoing construction projects at Washington's World War II memorial and the Tidal Basin as part of a supplemental funding request. The White House also wants...

June 25, 2026

NewsFunding, Private Pensions, US

24JunJune 24, 2026

European pension systems face demographic and labor market pressures – PensionsEurope

European pension systems, while built on different national models, are facing broadly similar structural challenges, according to PensionsEurope, Trend's correspondent reports from the event. Speaking at the 11th Azerbaijan International Insurance Forum in Baku, Matti Leppäla, Secretary General and CEO of PensionsEurope, said that although each European country has its own pension framework, many of the underlying problems are shared. He noted that countries such as France, Italy, and Spain rely primarily on state-financed pay-as-you-go pension systems, while several other European states...

June 24, 2026

NewsAging, Europe, Labor Market

24JunJune 24, 2026

Pension funds and insurers manage $100 trillion dollars — can they use it to help solve global problems?

Over the past century, finance has become increasingly disconnected from the physical world it depends on. Every day, trillions of dollars move through financial markets as stocks, bonds and derivatives. Much of that money never reaches the businesses, infrastructure and systems that power the real economy. The scale of this shift is striking. In 2024, around $149 trillion worth of shares were traded on global stock markets. Yet, companies raised only $741 billion in new capital through those same markets. So, for...

June 24, 2026

NewsCorporate Governance, Pension Management

24JunJune 24, 2026

Merz backs plans to raise Germany’s retirement age to 70 in pension changes

Germany will gradually raise its retirement age to about 70 by the early 2090s under recommendations backed by the chancellor, Friedrich Merz, as a means of future-proofing the pension system for an ageing population. Presenting its findings on Tuesday, an expert commission set up to explore reforms to the pension system said retirement age should be linked to rising life expectancy and early retirement should be scrapped. “No citizen needs to worry,” said Merz, as he said the measures would prevent the collapse...

June 24, 2026

NewsGermany, Pension Reform, Retirement Age

24JunJune 24, 2026

The World’s Best Retirement Systems Share One Habit. In the U.S. People Have to Build It Alone.

Each year, Mercer and the CFA Institute publish the Global Pension Index, which scores 52 national retirement systems - covering about two-thirds of the world's population - on how well they actually serve retirees. It isn't a popularity contest. Systems are graded on adequacy (do benefits keep people comfortable?), sustainability (will the money still be there in 30 years?), and integrity (is the system well-run and trustworthy?). In the most recent rankings, the United States came in 30th, with a score of 61.1 -...

June 24, 2026

NewsRetirement Planning, US, Withdrawals

24JunJune 24, 2026

Council agrees position on increasing the appeal of the pan-EU personal pension product (PEPP)

The Council reached today its negotiating position on a review of the pan-EU personal pension product (PEPP). The review seeks to make the PEPP a more attractive, accessible and simple option for savers. It will remove some existing requirements and design features that have hampered PEPP’s take-up, while continuing to ensure a high level of consumer protection. PEPP is an EU-wide voluntary personal pension product, established in 2019, that can complement existing public and occupational pension systems, as well as national private pension schemes. Strengthening...

June 24, 2026

NewsEU, Pension design

23JunJune 23, 2026

UK. Next PM must confront triple lock sustainability challenge

Steven Cameron, Pensions Director at Aegon, has urged politicians to address the long-term sustainability of the State Pension triple lock, warning that the next Prime Minister cannot continue to sidestep the issue. Cameron says growing scrutiny of State Pension funding should prompt a wider debate about the future of the triple lock. While reaffirming the State Pension's importance to millions of retirees, he argues policymakers should look beyond a simple choice between retaining or abolishing the triple lock and instead...

June 23, 2026

News

23JunJune 23, 2026

US. Meet the 2 men putting New York’s $300 billion pension fund in play for the first time in 20 years

On paper, New York State Comptroller is a sleepy job. No press secretary emerges from the office to spin the Sunday shows. No Twitter feuds, no viral moments. A recent poll found that 65% of New York Democrats have never heard of the man who has held the position for two decades. What Thomas DiNapoli actually controls is another matter entirely. As sole trustee of the New York State Common Retirement Fund—the third-largest pension fund in the United States—he manages...

June 23, 2026

News

23JunJune 23, 2026

Nigeria. Akiotu wants retirement age raised to 65

Chairman of the Broadcasting Organisations of Nigeria (BON), Senior High Chief Tony Akiotu, has called for an upward review of the retirement age for workers in specialised agencies, proposing 65 years for personnel of the National Broadcasting Commission (NBC) and similar institutions. Akiotu made the call in Abuja during the retirement and public presentation of Thirty Years, Thirty Lessons: What the Public Service Taught Me About Work, People and Faith, a memoir by retiring NBC director, Mrs Pauline Ehusani. He said...

June 23, 2026

News

June 2026