July 2026

2026 Annual Report

By PSP Investments PSP Investments closed fiscal 2026 with $320.6 billion in net assets under management, delivering a 6.5% one-year net return, and an 8.8% net annualized return over 10 years. Over the past decade, our diversified portfolio has generated $14.5 billion in cumulative net investment gains above the Reference Portfolio, a sustained track record that continues to strengthen the long-term funding position of the pension plans we support. In a year marked by heightened volatility and uncertainty, our portfolio...

Inclusive Pensions for an Aging World: Evidence and Strategies for Engaging Informal Workers

By Clément Joubert, Jessica Meckler, Simrin Makhija & Lili Vessereau This Working Paper reviews how different countries have designed pension schemes for informal workers. It focuses on contributory schemes for the “missing middle”: informal workers who have sufficiently stable incomes to save for old age but lack access to suitable pension options. The paper draws upon public documentation and literature on how to target and scale pension schemes for informal sector workers. The world is experiencing a demographic shift in which populations...

Retirement in America: an Analysis of Retirement Preparedness Among Working-Age Americans

By Joelle Saad-Lessler & Tyler Bond This research examines the retirement preparedness of working-age Americans. The research answers key questions relating to retirement savings, access to retirement plans, and how saving for retirement interacts with other financial commitments, such as repaying student loan debt and owning a home. It also offers a broad examination of how different groups of workers are faring in their preparation for retirement and a consideration of where workers are falling short. The report key findings are...

Regulatory Priorities: Pensions

By Financial Conduct Authority The Regulatory Priorities report for the pensions sector includes the following priorities: Ensuring well-run schemes that provide value for money to savers: The FCA explains that it expects the proposed workplace pensions Value for Money framework and the Government’s wider Pension Schemes Bill to help drive positive change and that it wants firms to engage in the development of these changes and prepare to implement and embed them in a way that best supports savers. Encouraging effective...

How Americans Are Thinking About Aging: For older adults, income largely shapes the aging experience

By Luona Lin & Juliana Menasce Horowitz The U.S. population is aging rapidly. From 2004 to 2024, the share of Americans ages 65 and older increased from 12.4% to 18.0%, according to the U.S. Census Bureau. This is due in part to the country’s declining birth rate and increased life expectancy, but also because Baby Boomers – whose generation is defined by the increase of births in the U.S. following World War II – are now well into their 60s and 70s. This research is part of...

The Longevity Economy Outlook 2026: How adults age 50 and older are reshaping work, spending and the future of the U.S. economy

By AARP The AARP Longevity Economy Outlook 2026, developed by Economist Enterprise, explores the wide-ranging impacts of the 50-plus population in the U.S., measuring the size and scope of their economic activities and societal contributions. As people live longer and healthier lives, they are contributing to communities and fueling economic growth well past the traditional retirement age. The contributions of people 50-plus generate trillions of dollars of U.S. GDP, account for a major share of consumer spending, support tens of millions...

June 2026

The Roadmap for Eradicating Poverty Beyond Growth – Report of the Special Rapporteur on extreme poverty and human rights

By Office of the High Commissioner for Human Rights The Roadmap for Eradicating Poverty Beyond Growth (Addendum to report A/HRC/62/42) provides advice to States on the eradication of extreme poverty in the implementation of the 2030 Agenda. The Roadmap aims to assist States in implementing the Guiding Principles on Extreme Poverty and Human Rights, adopted by the Human Rights Council in its resolution 21/11 and which the General Assembly welcomed in its resolution 67/164 of 20 December 2012. The Roadmap...

LGBT+ Older Adults Report Higher Rates of Loneliness and Other Adverse Social Determinants of Health

By Jace Flatt, Joel Anderson, Ethan Cicero, Jalal Uddin & Erin Rook While loneliness tends to decline with age, lesbian, gay, bisexual, transgender, and additional identity (LGBT+) older adults face heightened risks of loneliness and adverse social determinants of health (SDoH). We examined data from 33 U.S. states and 2 territories from the 2023 Behavioral Risk Factor Surveillance System that included optional SDoH and sexual orientation and gender identity (SOGI) modules. The sample included adults aged 65+ (mean:73.5 years, range:65-80+) who identified as a LGBT+ (n = 2356)...

Ambition Under Pressure: Analytical Leadership vs. Strategic Hesitation

By Amy Owens The report, Ambition Under Pressure: Analytical Leadership vs. Strategic Hesitation, examines what the climate risk strategy of Norges Bank Investment Management (NBIM), manager of Norway’s Government Pension Fund Global, reveals about the way financial markets are pricing climate risk. It finds that NBIM has built one of the most advanced climate and nature risk frameworks among global asset owners. Its internal modelling goes beyond many market-standard tools, enabling the fund to assess systemic physical climate risk, climate-nature interdependencies...

How does private pension saving change for workers moving from employee jobs into self-employment?

By Jonathan Cribb & Laurence O'Brien Self-employed workers make up a significant part of the UK workforce, with over one-in-eight workers in self-employment. However, there are long-standing concerns about low levels of pension saving among this group: only 20% of working-age self-employed workers were saving in a private pension in 2022–23, compared with around 80% of employees (Department for Work and Pensions, 2025a). The trends in pension participation differ markedly between the two groups. In the late 1990s, almost 50%...