July 2026

US. Plan Participants Believe They Need $1.2M to Retire, per Schroders

Even if some retirees do not know how their retirement assets are allocated, a consensus among workplace plan participants is they will need more than $1 million for retirement when it is time to cash out. Schroders PLC’s 2026 US Retirement Survey, which surveyed 1,500 U.S. investors nationwide from ages 30 through 79, including 382 retired individuals, from March 20 through April 15, asked plan participants, “What level of savings is needed on Day 1 of retirement?” Survey respondents, on...

UK. DB surplus major flexibilities: the new regime takes shape

The concept of “trapped” defined benefit pension scheme surplus has moved quickly from theoretical issue to mainstream policy question. Many DB schemes are now better funded than they were only a few years ago, and the Government is seeking to make it easier for well-funded on-going schemes to share surplus with sponsoring employers and members. At its simplest, a pension scheme surplus means that the scheme has more assets than it expects to need to pay members’ benefits. However, the...

Baby boomers taking early retirement in Germany continues to rise

The number of German baby boomers receiving pensions has risen to around 6 million, including 1.1 million who retired before reaching the statutory retirement age, according to a new study by the German Economic Institute (IW). The employer-backed research institute said that the trend is likely to continue unless policymakers introduce reforms, adding to the pressure on the labour market as many employers struggle to fill vacant positions. In total, Germany had 19.3 million baby boomers - people born during the...

WTW launches mortality model bringing enhanced predictive capabilities to U.S. pension risk transfer market

WTW (NASDAQ: WTW) today announced the launch of a new version of its Geospatial Mortality Model (GMM) intended for the U.S. pension risk transfer (PRT) market that will enable insurers and reinsurers to more accurately price and manage longevity risk. The model – already used by U.S. pension plan sponsors to set longevity assumptions – is now available to insurers to enhance PRT pricing, strengthen asset-liability management, and improve visibility into longevity risk. WTW’s GMM produces smarter, more flexible mortality assumptions...

UK. TISA calls for auto-enrolment contributions to rise to 12%

The Investing and Saving Alliance (TISA) has urged the Pensions Commission to set out a timetable for increasing minimum auto-enrolment pension contributions to 12%. The trade body warned that current contribution levels are unlikely to deliver adequate retirement incomes for millions of savers. In its response to the Commission’s interim report, TISA proposed phasing in the increase over six years while allowing flexibility for different incomes and circumstances. TISA also called for an auto-enrolment-style pension saving framework for the self-employed, greater use...

Nigeria pension assets jump 51% to $22.8 billion, regulator says

Nigeria's pension assets rose ​51% in two years to ‌31.48 trillion naira ($22.80 billion), while membership of the country's contributory pension scheme ​grew by nearly 1 ​million workers to 11.32 million, the ⁠National Pension Commission (PenCom) said on Tuesday. PenCom ​chief Omolola Oloworaran told reporters ​that assets under management increased from 20.79 trillion naira in July 2024, a rise ​attributed to stronger confidence in ​the pension system. A 758 billion naira bond ‌helped ⁠clear obligations dating back to 2007, benefiting 957,045...

US. CalPERS Posts 14.8% Preliminary Investment Return

Strong performance in both its public and private equity portfolios helped the California Public Employees’ Retirement System (CalPERS) achieve a preliminary net investment return of 14.8% for the 12-month period ending June 30, 2026, the pension system reported Monday. The 2025-26 fiscal year return exceeded both last year’s 11.6% performance and the assumed 6.8% rate of return set by the CalPERS Board of Administration. It is also CalPERS’ highest mark in five years and represents a four-year trend of higher...

Ticking time bomb? Europe’s aging population brings challenges

The population of the 27-nation European Union will peak in 2029 before falling in the coming decades, according to a report published Tuesday that spotlights the major challenges the bloc faces from an aging population. Today, there are 450.6 million people, but researchers say this will peak at 453.3 million in 2029 before a slow, long-term decline. The population will fall to 398.8 million people by 2100, an overall drop of 11.7 percent and a level last experienced in the 1970s. Europeans...

EU population ageing reshapes workforce, care needs, commission says

The EU's ageing population is reshaping its labor market and placing greater pressure on healthcare and long-term care systems, the European Commission said Tuesday, warning that demographic change will require targeted policies to sustain economic growth and public finances. In its third Demography Report, the Commission said the EU's population is expected to decline from 450.6 million today to around 445 million by 2050 and 398.8 million by 2100, while people are living longer than ever before. By 2050, nearly one...

Chinese tech firm Tenclass unveils AI-powered elderly care solution at UN WSIS summit

Chinese tech firm Tenclass showcased its AI-powered elderly care solution at the 2026 World Summit on the Information Society in Geneva, as the world faces a shared challenge of an aging population. "Aging is not a problem confined to any single nation — it is a shared challenge for all of humanity," Wang Dexiang, vice-president of Tenclass, told global delegates at the summit. Wang said that current global approaches to elderly care — from Japan's caregiving robots to Europe's legislative mandates...