September 2026

UK. Gen Z faces retirement poverty risk at auto-enrolment with only 4 in 10 on track

Four in 10 Gen Z workers are on track for retirement poverty if they remain at auto-enrolment contribution levels, according to research from Penfold. The research found that younger people want to retire earlier and achieve greater financial freedom, but retirement saving can struggle to compete with more immediate financial priorities, with high housing costs and wider economic uncertainty are adding to these pressures. Younger workers are also prioritising accessible and flexible savings options such as cash savings and ISAs. According to...

Spain. Fedea detects advances in the sustainability of pensions but warns of “excessively optimistic” projections

The Foundation for Applied Economic Studies (Fedea) has presented a paper in which it appreciates an improvement in the structural sustainability of the public pension system in Spain after the reforms of 2021 and 2023, focused on strengthening revenues and delaying the effective retirement age. However, the document insists that these conclusions should be taken "with great caution," as they depend on a series of macroeconomic and demographic hypotheses that Fedea itself considers "excessively optimistic." The hypotheses and assumptions labeled as...

New Zealand: Ageing kiwis are hard hit by surging cost of living

Ageing New Zealanders are finding it difficult to make the two ends meet as the surging cost of living hits them hard, according to a new survey. The survey ‘The Silver Dollar Report 2026’ was conducted by New Zealand Seniors Insurance in partnership with consumer research group MYMAVINS and surveyed more than 500 New Zealanders over 50 years of age about how they are spending their “silver dollar”, according to a media release by New Zealand Seniors. Key findings of the...

US. Average Number of Retirement Plan Investment Options Growing

The average number of investment options in a retirement plan lineup has been increasing slowly over the last few years, according to data from PSCA’s Annual Survey. For years, the conversation was around reducing the number of options available so as to not overwhelm employees with too many choices which can lead to them not making a choice at all. The average number slowly decreased and then hovered at about 19 options for many years — about five years ago...

India. Let’s financially equip gig workers

A delivery rider is paid through an app, buys his fuel and sends money home via UPI, and can tell his customer rating to the last decimal. Yet he might only quote what the platform paid him rather than what he makes, and merely guess about any insurance coverage. In other words, he is thoroughly banked, yet unable to comprehend his own finances fully and maximise financial well-being. This gap in India’s gig economy needs policy attention. A National Centre...

US. AI Boom Forces Pension Funds and Sovereign Wealth Funds to Reassess Portfolio Exposure

The AI rally is disrupting traditional diversification strategies at pension funds and sovereign wealth funds, with risk spreading beyond technology stocks into private equity, corporate bonds, and infrastructure. According to ChainCatcher, institutional investors are now re-evaluating their overall portfolio exposure to AI. Goldman Sachs estimated that AI infrastructure-related companies account for about 40% of the S&P 500's total market value, while Apollo data showed AI-related issuance has made up nearly half of investment-grade bond issuance this year and 87% of...

South Africa. Unclaimed Benefits: Treasury Proposes Major Reform For Retirement Funds

National Treasury has proposed a centralised framework for administering South Africa's estimated R88 billion in unclaimed financial assets, including retirement benefits. The discussion paper outlines a system where a central administrator would manage tracing, record-keeping and claims through a single public portal, with assets potentially transferred to the Corporation for Public Deposits. South Africa Employment and HR In August 2026, National Treasury published a discussion paper titled A Framework to Centralise Unclaimed Financial Assets in South Africa, which proposes a fundamental...

Australia warns of risks from ageing population, falling birth rates

Australia forecast on Monday that deaths would exceed births for the first time in the 2060s, a demographic shift ​with far-reaching implications for an economy grappling with an ageing population, declining ‌births and cuts to immigration. For decades, Australia has sustained population growth by relying on immigration to offset low birth rates. But with immigration now slowing, the country is starting to look down ​a path already taken by many advanced economies including Japan, Germany and ​South Korea, where...

UK. Work and Pensions Committee to review auto-enrolment minimums

The committee, chaired by Labour MP Debbie Abrahams, announced the inquiry this week. It will explore potential reforms to the auto-enrolment system “to help ensure fair employer and employee contributions to secure a decent retirement income for low earners”, according to a press release. The inquiry will run concurrently with the work of the Pensions Commission and aims to feed into its final report, expected in the spring of 2027. Abrahams said: “Last year we looked at the devastating effect of...

US. NYC pension funds make $300M affordable housing investment to help solve apartment shortage

Four New York City municipal pension funds are investing $300 million into a trust connected to the country’s biggest alliance of labor unions in an attempt to address a dire housing shortage in the five boroughs, Comptroller Mark Levine announced Thursday. The new investment in the AFL-CIO Housing Investment Trust marks the first allocation of its kind since Levine announced a plan to direct $4 billion in city pension funds over the next four years to build more apartments. “This is...