November 2025

Belgium braced for three-day national strike over budget cuts

Belgium on Monday braced for three days of nationwide strikes called by unions to protest the government's proposed budget cuts and reforms to the pension system. The strikes are taking place in three waves. Trains and public transport begin striking Monday, with national railroad company SNCB expecting to run two out of three trains, or just one out of three on some lines. Several Eurostars linking Brussels to Paris have been cancelled. On Tuesday, public services such as schools, creches, and hospitals join the...

For Better or for Worse, but Not Necessarily for Retirement

Why couples need to consider their own wants and needs when planning for retirement, and the questions couples should ask each other before setting a date. On this episode of The Long View, author, podcast host, and financial planner and head of growth for TFP Financial Planning, Dan Haylett, discusses how people can find what is right for them in retirement, what couples should consider when planning to retire, how retirees can give themselves the permission to spend on what...

Ireland. Here’s how financial literacy affects the money in your pocket

As with many western nations, Ireland faces an increasingly aging population. To combat future stress on Ireland's state pension, the Government established a pension auto enrolment scheme in 2024 to assist low-income workers plan for their retirement. But this scheme masked a deeper problem with Ireland’s financial education. A recent Department of Finance report highlighted Ireland’s shortcomings in financial education, with approximately 43% of adults failing to meet the minimum OECD level of financial literacy. In response, plans are underway...

Aging population drives China’s healthcare demand

The rapid rise in chronic diseases and aging demographics is placing unprecedented strain on China’s healthcare system, according to Lin Xiao, Sales Manager at Xi'an Haoxuan Bio-tech Co., Ltd. Speaking on the sidelines of API China 2025, Lin said, “I think one of the most pressing changes is raising demand for high quality healthcare service driven by an ageing population and increasing chronic disease. They put significant pressure on the system to deliver efficient and the invitation solution, particularly in...

UK. Climate change must be included in any pensions review

There has been a call for the government to consider climate change risks in its any review of the pension system. The chief executive of the UK Sustainable Investment and Finance Association, James Alexander, has written to the Pensions Commission. In the letter he warned that climate change risks and the opportunities of the net zero transition “cannot be divorced” from any review into the pension system. He wrote: “As we approach 2050 and beyond, and as global temperatures continue to increase, the...

CalPERS becomes first US pension to adopt total portfolio approach

The board of California Public Employees’ Retirement System – with a few trepidations – officially approved the transition to its long-anticipated total portfolio approach at a meeting this week, providing staff more discretion in investment decisions. For the past year, CalPERS staff have pitched the TPA model as offering added flexibility and an opportunity to focus on investments that can best contribute to performance, instead of those that best fit pre-set allocation targets for asset classes. Stephen Gilmore, the system’s CIO,...

ICEA survey finds most Kenyan retirees struggle to survive on pensions

A recent nationwide survey by ICEA Lion has revealed that most retirees in Kenya are unable to rely solely on their pensions to meet everyday expenses. The findings, based on responses from 1,200 working and retired Kenyans, highlight the fragile financial state of the ageing population in a country where savings culture is weak and social security coverage remains limited. The "ICEA Retirement Preparedness Survey" shows that just about half of retirees feel their pension is enough to sustain them in...

EU. Commission proposes to boost supplementary pensions to help ensure adequate retirement income

The European Commission has today adopted a package of measures to help citizens secure adequate income in retirement by improving access to better and more effective supplementary pensions. The proposed actions aim to complement - not replace - public pensions, which are the foundation of pension systems in all Member States. Today's package forms part of the Commission's Savings and Investments Union (SIU) Strategy which seeks to create more opportunities for households to build their wealth through capital markets, while...

Less than half of UK consumers believe their pension offers good value

Less than half (47 per cent) of UK consumers consider their pensions, including workplace pensions and personal or self-invested personal pensions, to be good value, according to research conducted by Royal London in collaboration with the Lang Cat. The 2025 Meaning of Value research surveyed 2,000 UK consumers and found that 40 per cent of UK consumers are neutral on the value of their pension, while 5 per cent think that their pensions are poor value. The survey also asked them, for each...

Romania unveils draft law to cap magistrates’ pensions

The Romanian government published a draft law on Wednesday to cap magistrates' pensions at 70 percent of their final net salary and to gradually raise their retirement age to 65 over 15 years starting from Jan. 1, 2026. The proposal has been released for public consultation as part of a transparency procedure. The Ministries of Labour and Justice put forward the bill, saying that it aims to "bring more sustainability and fairness" to the special pension system for judges and...