News Archives - Page 95 of 951 - Pension Policy International

10JulJuly 10, 2025

UK. Older Brits delay retirement while younger workers risk being underprepared

Older Brits are delaying retirement due to the rising state pension age (SPA), according to research from the University of Bath, yet many younger workers, particularly women, risk being underprepared by holding onto unrealistic early retirement hopes. The research revealed a “clear” gap between expected and actual retirement behaviour, with younger workers expecting to retire before reaching SPA, while older workers tend to revise their plans when they are already close to retirement when opportunities to boost savings and continue...

July 10, 2025

NewsRetirement Age, Retirement Planning, UK

10JulJuly 10, 2025

US. 7 Things Retirees Need To Know About the Big Beautiful Bill Act

The One Big Beautiful Bill Act (OBBBA), signed into law by President Donald Trump over the July 4, 2025, weekend, is a sweeping multitrillion-dollar package that blends tax cuts with significant spending reductions and changes to the social safety net.1 For retirees, the new law brings both opportunities and uncertainties—from temporary tax relief on Social Security benefits to potential changes in required retirement distributions. While some provisions offer immediate benefits, others create planning challenges that could affect retirement strategies for years to come....

July 10, 2025

NewsRegulation, Social Security, US

10JulJuly 10, 2025

UK. BoE governor says mandating pension investments is ‘not appropriate’

The government's proposed power to influence investment decisions within defined contribution (DC) pension schemes, outlined in the Pension Schemes Bill, has faced renewed scrutiny after Bank of England governor, Andrew Bailey, cautioned that such an intervention would not be "appropriate” and require “a lot of heavy lifting". According to the Press Association, Bailey said today (9 July) that he supports structural changes in the pensions industry but rejected the idea of mandating where schemes should allocate capital, stating: “I do not...

July 10, 2025

NewsInvestment, Regulation, UK

10JulJuly 10, 2025

US. NYC pensions seek partners to expand place-based investments

New York City’s Bureau of Asset Management is in talks with fund managers and other possible partners to expand place-based investments by the city’s five pension funds, according to Valerie Red-Horse Mohl, deputy chief investment officer for responsible investing at BAM. “I’ve had meetings with four other entities based in the New York area that have a strong interest in this type of investment,” Red-Horse said last month at a committee meeting of the New York City Employees’ Retirement System...

July 10, 2025

NewsInvestment, US

10JulJuly 10, 2025

South Korea. New Proposal Seeks to Extend Employer Pension Contributions to Gig Workers

South Korea is weighing a significant pension reform that could bring platform workers — such as food delivery riders and chauffeur-for-hire drivers — under the same pension contribution scheme as regular employees, with their platforms potentially covering half of their premiums. A new report released Tuesday by the National Pension Research Institute calls for extending employer-like responsibilities to digital platforms, arguing that most platform workers operate under economically dependent conditions despite being legally classified as independent contractors. Based on a survey...

July 10, 2025

NewsCoverage, Informal Sector, South Korea

09JulJuly 9, 2025

Demand for pension risk transfer deals increases around the world

Morningstar DBRS has taken note of the pension risk transfer (PRT) market globally in a new commentary report published July 7. In it, they discuss the skepticism some plan members in the United States have about the deals (and the resulting lawsuits) and the regulatory attention being paid to such deals in the United Kingdom. In Canada they note a jump in market volumes in 2024, saying they anticipate demand for such deals will remain steady. “With life expectancy trending higher...

July 9, 2025

NewsPension Management, PRT

09JulJuly 9, 2025

UK. OBR report highlights the unsustainable burden the triple lock will place on taxpayers

Many retirees rely significantly on the State Pension to sustain their standard of living, particularly amid persistently high inflation and interest rates. Yet, while its role in safeguarding older generations is well-meaning, the long-term fiscal implications of the triple lock cannot be ignored. The Office for Budget Responsibility (OBR) has now forecast the cost of moving from an earnings-link in 2012 to the triple lock uprating mechanism is set to reach £15.5 billion annually by 2030, three times higher...

July 9, 2025

NewsAdequacy, State pension, UK

09JulJuly 9, 2025

US. Retirement Industry Responds to Passage of ‘Big Beautiful Bill’

The retirement industry has raised few qualms about the passage of the “Big Beautiful Bill,” but President Donald Trump’s key legislation gives the sector little to shout about, industry sources say. The new law does expand health savings accounts and makes some good on Trump’s campaign promise to not tax Social Security—it instead provides a temporary expanded deduction of up to $6,000 for those 65 or older if they make less than $75,000 per year (or less than $150,000 for...

July 9, 2025

NewsRegulation, Social Security, US

09JulJuly 9, 2025

Uganda. Insurance Industry Urged to Tap Into the Country’s Growing Pension Sector

Insurance companies in Uganda have been encouraged to design retirement-focused products to take advantage of opportunities in the fast-growing pension sector. Speaking at the inaugural Thought Leaders Forum on Pensions held at Mestil Hotel and organised by the Uganda Insurers Association (UIA), Rita Faith Nansasi, Acting CEO of the Uganda Retirement Benefits Regulatory Authority (URBRA), said insurers are strategically placed to boost the pension system through their expertise in long-term financial planning, investment, and risk management. "Retirement remains a distant concern...

July 9, 2025

NewsInvestment, Uganda

09JulJuly 9, 2025

The Depopulation Bomb

Natalist panic is rife nowadays. The White House is weighing initiatives to boost the number of births, ranging from a $5,000-per-baby bonus to awarding "National Medals of Motherhood" to mothers with six or more children. In March, the NatalCon gathering in Austin, Texas, declared that we're "living through the greatest population bust in human history." In April, the tech billionaire (and father of 14 children) Elon Musk posted on X: "Low birth rates will end civilization." And yet the world's population continues to grow. 132 million...

July 9, 2025

NewsAging

July 2025