July 2026

Living Longer Isn’t The Same As Aging Well & A Massive New Study Proves It

Living longer used to feel like the whole point. More birthdays, more time with people you love, more years to do the things that matter. But a new analysis tracking 204 countries over three decades is asking a harder question: are those extra years actually good ones? Researchers found that while life expectancy has risen significantly around the world, more of those added years are being spent managing chronic illness, pain, or disability. It's a shift that changes how we think about healthspan versus...

OECD urges UK to ditch triple lock

The UK government must scrap the state pension triple lock to tackle its vulnerable public finances, according to the Organisation for Economic Cooperation and Development (OECD). In its latest survey of the country’s economy , the body said that the triple lock “puts upward pressure on public expenditure and adds significant fiscal risks by exposing public finances to supply shocks”. Basing annual increases on an average of earnings and inflation could make savings worth 2% of GDP in the long...

U.S. pension risk transfer costs decrease slightly in June: report

U.S. pension plan sponsors’ derisking costs decreased from 99.7 per cent to 99.6 per cent of accounting liabilities in June, according to a new report by Milliman Inc. It found the average annuity purchase cost across all insurers increased from 102.5 per cent to 102.6 per cent during the month. As of June 30, the competitive bidding process was estimated to save plan sponsors about three per cent on pension risk transfer buyout costs. “Competitive buyout costs remained below 100 per...

Population Aging Is Here. Immigration Can Offer Half an Answer.

Population aging has become a defining challenge of our time and is galloping ahead faster than predicted. In China, births have now fallen to levels not seen since 1949. But many countries are getting old before they grow rich: Comparable declines are being seen in Latin America, the Middle East, and North Africa. A shrinking workforce means less money to go around and increasing difficulties shouldering the costs of covering health care and pensions for retirees. In many fast-aging, wealthier...

Why Latin America is emerging markets’ most overlooked region

Each month at BPM, we offer a slate of articles and content pieces that go deep on a particular topic. This month, we're focusing on Emerging Markets and the sectors and countries within the asset class. In a market cycle dominated by AI supply chains and semiconductor plays concentrated in Asia, Latin America – or LATAM - has slipped further down the priority list for institutional emerging market allocators. According to Haider Ali, associate portfolio manager at T. Rowe Price, the...

EU. Pension expenditure rises by 6.2% in July, reaching a record high of €14.432 million

Pension expenditure reached €14.4319 billion in July, up 6.2% compared with the same month last year, according to figures provided by the Ministry of Inclusion, Social Security and Migration, which include the adjustment approved by the Government for 2026. In the seventh month of the year, 10,517,634 pensions were paid to more than 9.5 million people. Specifically, there were 6.73 million retirement pensions, more than 2.3 million widow’s and widower’s pensions under the Social Security system, 1.06 million permanent disability pensions, 336,294 orphan’s pensions and 46,895 pensions paid to...

UK. DC market entering new era as focus shifts from participation to outcomes

The UK defined contribution (DC) market is entering a new phase as attention shifts from participation towards pension adequacy and member outcomes, according to Hymans Robertson. In its latest paper, UK DC pensions in 2026: from participation to outcomes, the consultancy said that automatic enrolment (AE) had successfully brought millions more people into workplace pension saving, but warned that participation alone would not deliver adequate retirement incomes. The report noted that around half of workers were contributing only at the AE minimum,...

US. Private vs. Public Pensions: How Does Their Funding Stack Up?

Running any pension plan entails challenges and has characteristics different from those of other retirement saving vehicles. But even among pension plans themselves there are variations. Pension plans run by private-sector employers and those run by governmental entities for their employees share their ultimate purpose of providing dependable and predictable revenue to their covered retirees. Still, however, they do vary from each other. One of the ways that private and public pension plans differ is in their funding status. Private pension plans...

Ghana. BoG calls for shift from financial access to financial health to deepen inclusion

Ghana must move beyond expanding access to financial services and focus on improving the financial well-being of its citizens if it is to achieve sustainable economic growth, that’s according to Head of FinTech and Innovation at the Bank of Ghana (BoG), Elhanan Owureku Asare. Speaking on the Ecobank Joy Business Financial Inclusion Dialogue, Mr. Asare noted that while the country has made significant progress in increasing access to payments and financial accounts, the availability of products that provide long-term financial...

OECD: Mexico’s Pension System Remains a Work in Progress

Mexico has made substantial progress reforming its pension system over the past decade, but the work is far from finished, according to Pablo Antolín, Head of Insurance and Pensions, Organization for Economic Cooperation and Development (OECD). The FIAP-WPA International Seminar 2026, held July 22–23 in San José, Costa Rica, Antolín says the system must continue adapting to shifts in the labor market and technology to remain effective for future retirees. “Pension systems will always keep evolving. The labor market evolves, technology...