December 2025

UK pension schemes ignoring climate change responsibilities

That vast majority of the UK's largest pension schemes are failing to directly engage with large investee companies on their role tackling climate change. After analysing the 16 largest pension schemes, managing over £34bn in assets, ShareAction found that only Nest and TPT Retirement Solutions directly engage with big companies on climate risks. This is despite new regulations requiring pension funds to publish policies on how they incorporate environmental, social, and governance (ESG) issues in their investments. It was also found that the majority...

Korea Strengthens Financial-Regulatory Alliance to Channel Pension Capital into Venture Growth

Korea is taking another decisive step toward deepening the link between finance and innovation. The Ministry of SMEs and Startups (MSS) and the Financial Supervisory Service (FSS) have signed a new agreement that could reshape how institutional funds, including pensions and retirement capital, flow into venture investment. This move has shown Korea’s determination to strengthen the foundations of its venture ecosystem and support its global startup ambitions. MSS and FSS Forge Alliance to Expand Venture Investment Channels The MSS and FSS signed a memorandum of understanding on...

US. Nearly 30,000 Chicago teachers are caught in pension trap

Chicago teacher pensions leave nearly 30,000 teachers without access to benefits and the Illinois General Assembly’s solutions not only won’t help, they’ll likely make things worse. What most retirees really need is flexibility. The Public School Teachers’ Pension and Retirement Fund of Chicago recently released its annual actuarial report. It highlights why pensioners need more flexibility – not boosted benefits – to secure their retirements. 1) Nearly 30,000 former teachers aren’t eligible for retirement benefits By nature, a pension fund is designed to serve career...

Kenya. Steady rise of public sector pension schemes laudable

The significant increase in the number of people joining the public sector pension schemes is a major recognition of the vital role they play in securing retirees’ lives. The schemes provide financial security by guaranteeing a stable income in retirement. The membership increased from 368,795 in the year to June 2022, to 511,000 by June this year, a 38.6 per cent growth in four years. Besides individual benefits, pension schemes play a crucial role in the national economy by mobilising lifelong...

November 2025

Largest US Pension Fund CalPERS Faces Heavy Losses As Strategy Investment Drops To $80M

California Public Employees’ Retirement System (CalPERS) has been caught on the wrong side of the recent sell-off in Strategy, with its first bet on the Bitcoin proxy stock sliding from more than $144m to about $80m in a matter of months. According to a recent SEC filing, CalPERS acquired 448,157 Strategy (MSTR) shares in the third quarter, paying over $144m for the position. The stake, which gave the fund direct equity exposure to one of the most volatile Bitcoin plays...

UK Budget 2025: limitations on pensions salary sacrifice will lead to ‘cut-backs’

Plans by the UK government to charge employer and employee national insurance contributions (NICs) on salary sacrificed in exchange for employer pension contributions above £2,000 from 2029 will leave future pensioners facing lower funds, according to an expert. Pensions salary sacrifice describes an arrangement where, instead of paying contributions directly to their pension, an employee contractually agrees with their employer to give up part of their salary or bonus in return for the employer paying an equivalent amount into their...

German government finds pension compromise to resolve showdown

Germany's coalition government has pledged to undertake far-reaching reforms of the country's pension system, while sticking to previously agreed pension levels, in a bid to resolve a rebellion within Chancellor Friedrich Merz's conservative ranks. The measures are outlined in a draft document seen by dpa on Friday, following late-night talks on Thursday between leading conservatives and their junior partner, the centre-left Social Democrats (SPD). Under the agreement, a pensions commission is to present proposals for a comprehensive reform by mid-2026. The commission...

Rapidly ageing populations will continue to put pressure on pension systems

Population ageing due to lower birth rates and longer life expectancies will continue to raise fiscal pressures on pension systems at a time of high public debt and competing spending needs, according to a new OECD report. OECD Pensions at a Glance 2025 shows that populations across the OECD will age fast over the next 25 years: there will be 52 people aged 65+ for every 100 people aged 20-64 by 2050, up from 33 in 2025 and only 22 in...

US. NYC comptroller urges city pensions to drop BlackRock, other managers over climate concerns

New York City Comptroller Brad Lander recommended that the city’s three pension funds drop a trio of asset managers for failing to meet the climate expectation of the city’s net-zero implementation plan, Lander’s office said in a Wednesday release. Lander recommended the city’s pensions move on from BlackRock, Fidelity and PanAgora in an update to the trustees of the city’s Teachers’ Retirement System, the New York City Employees’ Retirement System and Board of Education Retirement System. The recommendation for the city’s...

Germany’s pension reform becomes a generational conflict

As in France, pensions have become a source of political instability in Germany. For several weeks, the future of the system has poisoned the atmosphere within the government led by conservative Chancellor Friedrich Merz, in office since May 6. Returning from his international trips focused on Ukraine, Merz has had to confront internal rebellion, described as the coalition's most serious crisis yet. The young elected members of the Christian Democratic Union (CDU), gathered in the Junge Union organization, have challenged...