April 2025
02Apr

Nigeria’s pension assets to GDP up by 8% in 2024

Nigeria’s pension assets contribution to the country’s GDP has risen to 8 percent in 2024, from 5.6 percent in 2015. While this rise reflects a positive trend in the management of the country’s pension funds, Nigeria still lags behind the global average put at 30 percent, highlighting need for increased saving and regulatory compliance. Industry players believe that a shift towards better savings habits among Nigerians and adherence to regulatory compliance by employers at all levels would enhance contribution of the...

April 2, 2025
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01Apr

Spanish pension system’s sustainability ‘not improved’ after reforms say Airef

The Independent Authority for Fiscal Responsibility (Airef) has criticized the methods used by Social Security to balance its calculations and has warned about the lack of sustainability of pensions, which ‘has not improved after the reforms,’ pointed out Airef President Cristina Herrero, who noted that ‘the dynamics of pensions are now worse than before’ the reforms promoted by former Social Security Minister José Luis Escrivá, which included revaluation with inflation and an increase in contributions. The agency warns that sustainability...

April 1, 2025
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01Apr

Seven trends shaping UK employment, incentives and pensions in 2025

As these plans evolve, their ripple effects will be felt into 2025 and beyond. Global forces add further pressure. Regulatory developments in the EU, US and beyond will demand UK employers’ attention as they adapt to the shifting landscape. We’ve identified seven key trends that will define 2025. Employers can use these insights to prioritise their strategies and stay ahead. 1. Employee litigation on the rise—new rights, new risks: The Employment Rights Bill’s sweeping reforms could trigger a surge in claims,...

April 1, 2025
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01Apr

Italy’s fertility rate hits record low in 2024

Italy's fertility rate fell to the lowest level ever recorded in 2024, the country's main statistical entity said on Monday. According to Italy's National Statistics Institute, known as ISTAT, around 370,000 births were registered in Italy last year, a decrease of 2.6 percent from the previous year. The death rate also declined, ISTAT said, falling by 3.1 percent last year to 651,000. That means there were 281,000 more deaths than births in the country in 2024, pushing the country's average life...

April 1, 2025
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01Apr

US. Secure 2.0 Act Changes Some Key 401(K) Guidelines for 2025

These changes are very important to know for small employers with existing 401(k) plans and those considering starting a 401(k) plan. Also, if you are a part-time employee or an employee over the age of 50, these changes will affect you. 401(k) retirement plans are employer sponsored, qualified retirement plans that are available to employees. The employee can elect to have an amount or percentage of their pay deducted either before or after taxes — Roth 401(k) — and invested...

April 1, 2025
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March 2025
31Mar

US. Pension Funds Push Forward on Climate Goals Despite Backlash

In the past few months, some of the largest banks and asset managers in the United States have quit net zero networks, the climate groups that encourage their members to set ambitious carbon reduction targets and collaborate internationally on sustainability efforts. But the week after Donald J. Trump won re-election in November, NYCERS, a pension fund for New York City employees, went in the opposite direction. It joined a United Nations-affiliated climate action group for long-term investors, the Net Zero Asset...

March 31, 2025
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31Mar

UK. FCA to consult on using pension savings to buy first home

The Financial Conduct Authority will consult on whether pension savings should be used to buy a first home in the summer, as part of its bid to widen homeownership.  “One of the biggest challenges prospective homeowners face is raising a deposit,” Financial Conduct Authority chief executive Nikhil Rathi said in a speech on Friday at the JP Morgan Pensions and Savings Symposium in London.  He added: “Australia, New Zealand, the United States, Singapore and South Africa all permit citizens to leverage...

March 31, 2025
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31Mar

Flights grounded as Belgium strikes over pension reform

Brussels: A general strike over proposed pension reforms severely disrupted air traffic and other services in Belgium on Monday, with the country’s two main airports cancelling all outbound flights. Government plans to scrap a special pension scheme and align the retirement age for all civil servants with that of the private sector at 66 have enraged trade unions and many workers. A large section of security and maintenance staff, including baggage handlers, were expected to down tools, prompting the Brussels and...

March 31, 2025
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31Mar

Japan’s $1.7 Trillion Pension Fund Offers New Backing to ESG

Japan’s $1.7 trillion Government Pension Investment Fund issued new guidelines backing sustainability-related investments as crucial to long-term returns. The fund, one of the world’s largest pensions, sees managing environmental and social issues as fundamental to its strategy, GPIF said Monday in a new policy document — rejecting the shift by other asset managers to downgrade or remove green commitments. Read more @

March 31, 2025
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31Mar

As the U.S. population ages, solo caregiving becomes more common

Call it a silver tsunami or just going gray. The U.S. Census Bureau reports that in just 10 years, older adults will outnumber those under 18 for the first time in U.S. history. America is aging, and that means more families providing care for parents and grandparents and even great-great-grandparents. And while much has already been said about caregiving, there is far less research into what it's like to walk that road alone. To talk about solo caregiving and...

March 31, 2025
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