September 2026

US. Explaining the Rise in Alternative Investments in Public Pension Plans

In recent decades, public pension plans in the United States have changed how they take on risk. At the turn of the century, their risky investments were primarily in public equities, whereas alternative assets – like private equity, real estate, and hedge funds – accounted for just 14 percent of all risky investments. By 2021, the share of risky assets in alternatives had grown to 39 percent. Equally interesting, the adoption of alternatives has varied enormously across plans. What...

South Africa. FSCA puts retirement fund fees and returns under scrutiny

The regulator of pension funds, the Financial Sector Conduct Authority (FSCA), will implement a value framework to measure if the benefits and returns received by retirement funds members justify the fees paid to the funds. A value framework is a system designed to assess whether individual pension funds are delivering adequate value to their members, and can be codified in law. The announcement of a value framework was made by FSCA divisional executive for retirement funds supervision Zareena Camroodien, speaking at...

How Europe can turn its investment gap into an opportunity

Past choices are visible in today’s balance sheets Household balance sheets reflect decades of saving and investment decisions, asset-price movements and institutional arrangements. In 2025, eurozone households held almost €220,000 in financial assets per household, including €69,000 in deposits, €56,000 in insurance and pension entitlements, €46,000 in unlisted equity and €43,000 in market-based assets. Average financial liabilities stood at €53,000. The level and composition of wealth differ markedly across countries. These differences reflect not only household investment choices, but also...

MTN Ghana targets informal sector in push for cash-lite economy

MTN Ghana is deepening its push for a cash-lite economy by targeting informal sector operators, including market traders, drivers and retirees, with digital payment and financial services designed to reduce reliance on physical cash.  It said MTN Ghana was working closely with the government to accelerate the adoption of digital financial services and expand financial inclusion across the economy. The company’s Mobile Money Channel Development Manager, David Nana Addai, was speaking in an interview with journalists on the sidelines of this...

UK. Pension levy increases need ‘clear evidence’ before introduction

The government’s consultation on the regulatory charge imposed on pension schemes was due to close today (September 8) with proposed changes set to be rolled out in April 2027. In its response to the Department for Work and Pensions, Tisa has called for stronger evidence to justify proposed changes to pension levies. It said while it supports the principle of having different levy rates for different scheme categories, it was concerned about the proposed “significant increases” for master trusts and personal...

Switzerland. Retirement Planning: High Expectations for Benefits in Old Age

How much does one need to live on in retirement? For the sixth time, the Lucerne University of Applied Sciences and Arts, in collaboration with VorsorgeDIALOG, examined the financial and retirement planning knowledge of the Swiss working population. This year’s focus was on the expectations of actively insured individuals regarding retirement planning. The study focused on the level of retirement benefits deemed necessary from the insured individuals’ perspective, the preferred method of receiving retirement funds, and their assessment and...

Australia. Industry funds dominate on global pension rankings

The latest Top 300 research covering 2025 was released on Monday and revealed AustralianSuper and Australian Retirement Trust (ART) sitting comfortably within the top 20 of the rankings, and ahead of Australia’s sovereign wealth fund, the Future Fund. The WTW analysis noted that the ART was the one new entrant to the Top 20 funds during 2025. Ranking amid the Top 80 funds were UniSuper and HostPlus followed by Cbus, REST and HESTA which made it into the Top 100 funds. To...

Ageing Well for Indigenous Peoples: Closing the Health Equity Gap

On August 10, International Day of the World’s Indigenous Peoples was observed–a day to honour the cultures and traditions of Indigenous populations. There are an estimated 476 million Indigenous people globally, living across 90 countries and representing more than 5000 different cultures. Despite the vast diversity in social, cultural, economic, and political characteristics, Indigenous peoples face similar adversities, rooted in common histories of colonialism and oppression that removed ancestral lands and aimed to destroy cultural identities. Indigenous populations worldwide...

South Korea. Prepare for era of extreme aging

Korea is on course to have the world’s oldest population by 2060, overtaking Japan. The projection is more than a demographic curiosity. It is a warning that one of the world’s most advanced economies is approaching an unprecedented test of its pension, health care, labor and fiscal systems. According to a 2025 report from the U.S. Census Bureau, the share of Korea’s population aged 65 and over is projected to rise from 20.3 percent last year to 41 percent in...

Bumper growth for world’s largest pension funds as UK market contracts

The UK was one of only two major pension markets to record a decline in assets over the past five years, according to new research. This retrenchment comes as the world’s largest 300 pension funds saw their assets jump 13.4 per cent during 2025, to a record $27.7 trillion (£20.7 trillion). This is the fastest annual growth for the world’s largest schemes since 2017. The figures also show that the world largest pension fund, Norway’s Government Pension Fund, became the first...