News Archives - Page 53 of 964 - Pension Policy International

05FebFebruary 5, 2026

UK pension reforms questioned over saver risk and impact on competition

Proposed government powers over pension investment and new restrictions on default schemes have triggered warnings in the House of Lords that risk could be shifted onto lower-income savers, while market consolidation may weaken competition and innovation. The sixth committee-stage debate on the Pension Schemes Bill focused on Clause 40, covering asset allocation and investment risk in defined contribution (DC) pension funds, and Clause 42, which allows regulations restricting the creation of new non-scale default pension arrangements. Clause 40 introduces reserve powers...

February 5, 2026

NewsRegulation, UK

05FebFebruary 5, 2026

South Africa. Government Pensions Agency under fire over R145 million in irregular spending

The Government Pensions Administration Agency (GPAA) is under fire after audits reportedly revealed R145 million in irregular and wasteful spending, including payments for work that was never done. The findings, reportedly linked to over R2 billion in irregular transactions, have drawn sharp criticism from the Public Servants Association (PSA) and raised concerns in Parliament about governance failures at the agency, which manages pensions for 1.7 million government employees. Chairperson of the Portfolio Committee on Public Service and Administration, Jan de Villiers, said the findings are...

February 5, 2026

NewsPension Management, South Africa

05FebFebruary 5, 2026

US. Bitcoin price meltdown leaves these public pensions down 60% on Strategy bets

US pension funds that bet on Strategy find themselves nursing some heavy losses as share prices for Michael Saylor’s firm continue to slide. The 11 funds collectively hold nearly 1.8 million shares of Strategy, now worth about $240 million, down from $577 million when they first reported their allocations. That’s $337 million in paper losses so far, according to research platform Fintel. Moreover, 10 out of the 11 funds are down 60% on their Strategy stock buys. Strategy’s shares have lost...

February 5, 2026

NewsInvestment, US

05FebFebruary 5, 2026

UK. Industry warns against ‘giving up’ on saver engagement at retirement

The pensions industry should maintain engagement and not rely too heavily on default solutions at retirement, industry experts have stated. Speaking during an ABI Annual Conference session on personal pensions, Fidelity International head of platform policy and oversight, James Carter, emphasised a “fundamental difference” between individuals who actively opened a personal pension and those who were automatically enrolled into a workplace scheme. He cautioned against assuming that all savers were inherently passive and warned that the industry had increasingly accepted disengagement...

February 5, 2026

NewsAging, South Korea

04FebFebruary 4, 2026

US. More than Half of Recent Retirees Have Regrets About How They Saved for Retirement

For millions of Americans who retired in the last five years, the transition from earning a paycheck to living off savings brings an uncomfortable reality check: many wish they did things differently, according to a new Advisor Authority study, powered by the Nationwide Retirement Institute. More than half (55%) of recent retirees (those retired in the last five years) say they have regrets about how they saved for retirement. More than a quarter (28%) wish they began saving earlier, and...

February 4, 2026

Newssavings, US

04FebFebruary 4, 2026

Australia warns $3.2 trillion pension fund industry to lift systems investment

Australia's corporate regulator has warned the nation's A$4.5 trillion ($3.16 trillion) pension fund industry it needs to invest more in systems and technology to better prepare for the future and avoid becoming troubled like stock market operator ASX (ASX.AX), opens new tab. Australian Securities and Investments Commission (ASIC) Commissioner Simone Constant said the pension fund industry, known locally as superannuation, was on track to be worth A$6 trillion by 2030. At that size, she said, it would be larger than Australia's banking...

February 4, 2026

NewsAustralia, Pension Management, Technology

04FebFebruary 4, 2026

US. Mark Levine’s Priorities at the NYC Pension System

New York City Comptroller Mark Levine wants to increase the city’s pension investments in affordable housing, and will not slow down on the city’s sustainability initiatives, Levine said in an interview with CIO. As comptroller, Levine oversees the five New York City pension systems—the Teachers’ Retirement System, Employees Retirement System, Police Pension Fund, Fire Pension Fund, and the Board of Education Retirement System—which collectively manage $311.35 billion in assets. “My No. 1 obligation in this role is to protect the retirement assets of the three-quarters of a million people who...

February 4, 2026

NewsPension Management, US

04FebFebruary 4, 2026

South Korea’s Older Adults Employment Rate Reaches 70% Milestone

As South Korea's society rapidly ages, the employment rate of older adults, aged 55–64, last year surpassed 70% for the first time since statistical records began. According to the Ministry of Employment and Labor’s "Trends in Older Adult Employment" data released on the 4th, the employment rate for older adults last year was 70.5%, exceeding 70% for the first time since related statistics began in 1983. This marks a slight increase from the previous year’s 69.9%. The statistic defines those...

February 4, 2026

NewsAging, South Korea

03FebFebruary 3, 2026

Vast majority of DB members confident about their pension

Confidence among defined benefit (DB) members is high, with 86% saying they feel confident about their pension, trust it is secure, understand how it works and expect it to deliver without surprises, latest research from Standard Life reveals. The insurer's DB Member Insights Report 2026 – based on a survey of 1,000 DB members, commissioned by Standard Life and conducted by Censuswide in October – found this confidence was largely due to trust in the system rather than deep knowledge of the...

February 3, 2026

NewsDefined Benefit

03FebFebruary 3, 2026

US. Trump is pushing to include risky assets like crypto and private equity in 401(k)s

In an executive order dated August 7, 2025, President Trump called for a reexamination of regulations and guidance for retirement plans. Trump asked regulators to encourage retirement plan administrators to include risky options like alternative assets (or “alts”) in 401(k) and similar retirement plans. Alternative assets could be funds invested in private equity and cryptocurrencies, assets that lack strict regulation and whose value and risk can be hard to assess compared with other types of investments. Because of this, many consider...

February 3, 2026

NewsInvestment, US

February 2026