June 2025
06Jun

Milliman Pension Buyout Index May 2025

By Jake Pringle & Ryan Cook Estimated competitive retiree buyout cost, as a percentage of accounting liability, decreased by 140 bps from 102.5% to 101.1% during April As the pension risk transfer market continues to grow, it has become increasingly important for plan sponsors to monitor the annuity buyout market when considering a plan termination or de-risking strategy. Figure 1 illustrates retiree buyout costs with two different metrics: The red line represents only the most competitive insurers' rates from each month,...

June 6, 2025
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06Jun

PensionsEurope’s Position Paper on the European Commission’s Omnibus Simplification Proposal

By Pension Europe PensionsEurope welcomes the European Commission (EC) initiative which aims to align crucial EU legislation concerning Sustainable Finance. PensionsEurope firmly believes that the competitiveness of the EU economy is vital, it is possible to reduce the administrative burden without undermining the EU's policy objectives regarding the green transition. However, any simplification should be carefully balanced to ensure that material sustainability information on risks, opportunities, and impacts-critical to informed investor decision-making-is preserved. Accordingly, the Omnibus package should aim to streamline...

June 6, 2025
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May 2025
30May

Eyes on delivery – improving implementation for effective social protection for all

By Abhijit V. Banerjee Effective implementation is the missing link in the drive toward inclusive, reliable social protection. In recent decades, social protection systems have expanded rapidly across the developing world. Today, more than 2.5 billion people benefit from programmes like cash transfers, food subsidies, and social pensions. Yet despite this progress, the goal of social protection for all remains out of reach. Too many eligible people still slip through the cracks—excluded by complex procedures, poor targeting, or weak delivery...

May 30, 2025
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30May

Annual survey on financial incentives for retirement savings. Country profiles 2024

By Organisation for Economic Co-operation and Development Countries provide financial incentives to encourage individuals to save for retirement in asset-backed pension plans. Financial incentives for retirement savings can take the form of tax incentives, which are indirect subsidies through the tax code, or non-tax incentives, which are direct government payments into pension accounts. This annual survey provides an overview of the tax treatment of retirement savings and covers non-tax incentives to promote retirement savings in OECD countries and four accession...

May 30, 2025
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16May

The Longevity Story: Opportunities and Considerations

By World Governments Summit   This report delves into the concept of longevity, highlighting how advancements in medical technology, sanitation, preventive care, and lifestyle choices have significantly increased human lifespans—from an average of 45 years in the 1950s to over 73 years today. While early efforts to extend life overlooked aging itself, recent focus on understanding and potentially reversing the aging process has fueled the growth of the longevity industry. Organizations like Altos Labs, Hevolution Foundation, and Pure Health are pioneering...

May 16, 2025
Aging, Books, Books, Reports, , ,
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16May

The Global Findex Database 2021: Financial Inclusion, Digital Payments, and Resilience in the Age of COVID-19

By World Bank Group  Financial inclusion is a cornerstone of development, and since 2011, the Global Findex Database has been the definitive source of data on global access to financial services from payments to savings and borrowing. The 2021 edition, based on nationally representative surveys of about 128,000 adults in 123 economies during the COVID-19 pandemic, contains updated indicators on access to and use of formal and informal financial services and digital payments, and offers insights into the behaviors that...

May 16, 2025
Books, Books, Reports, System Characterization,
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09May

The DC Future Book 2024: in association with Columbia Threadneedle Investments

By Pensions Policy Institute This report is the tenth edition of the Pensions Policy Institute’s (PPI) The DC Future Book: in association with Columbia Threadneedle Investments, setting out available data on the Defined Contribution (DC) landscape alongside commentary, analysis and projections of future trends. Demographic and policy changes mean that, compared to previous generations of pensioners, current and future retirees will. These changes increase the risk borne by pension savers and the complexity of decisions they must make at, and during,...

May 9, 2025
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09May

The Purple Book 2024. DB pensions universe risk profile

By Pension Protection Fund The Purple Book, also known as the Pensions Universe Risk Profile, highlights trends in DB scheme funding, demographics and asset allocation. It provides us with an in-depth understanding of the risks we face from the universe of schemes we protect. The 19th edition of the Purple Book shows the strong net funding position of the universe of DB pension schemes has remained largely stable over the past year. For this year’s Purple Book, we’ve used an enhanced roll-forward...

May 9, 2025
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April 2025
25Apr

The future of pensions and retail investment in the EU

By Maximilian Bierbaum & Sheenam Singhal In the debate on the future of capital markets in Europe, widening retirement saving and widening retail investment are the potential missing link. But there is a danger that by dealing with the two topics in isolation, EU policymakers will miss the bigger picture. We think this needs to change. Neither pensions nor more retail investment can solve this problem on their own. To really move the dial, we need both – and there...

April 25, 2025
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25Apr

Adequacy of future retirement incomes: new evidence for private sector employees

By Jonathan Cribb, Laurence O'Brien & David Sturrock In this report and the accompanying report on policy recommendations (Cribb et al., 2024a), we focus on the outlook for the adequacy of employees’ retirement incomes and changes to automatic enrolment. We do not here consider reforms that we broadly define as aimed at changing investments, costs and returns (including ‘pot for life’ and collective defined contribution pensions) but will return to consider these later in the Pensions Review. A separate report...

April 25, 2025
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