April 2025
02Apr

UK. Research reveals lack of retirement preparedness as life expectancy increases

Less than two thirds (60 per cent) of professional investors feel they are either fully or almost fully financially prepared to help their clients in living for longer in retirement, research by Fidelity International has revealed. However, the research, which included responses from institutional investors and intermediary distributors across Europe and Asia, found that 40 per cent of respondents felt there was a lack of readiness to support clients in this area. Fidelity International global head of client solutions, Katie Roberts...

April 2, 2025
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02Apr

South Korea. Low birth rate’s far-reaching impact: Sustainability of teacher pensions under threat

The impact of South Korea’s demographic crisis is far-reaching, with one lesser-known consequence being the threat to the sustainability of the teachers' pension system. As the school-age population shrinks and schools close, teachers are losing their jobs and becoming legally eligible for pension payouts much earlier than expected — sometimes as early as their 30s. According to data released by the National Assembly Budget Office, 410 pension recipients became eligible prematurely due to school closures as of 2024. Among them, individuals...

April 2, 2025
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02Apr

Zimbabwe. Regulator reforms for $17bn pensions industry

Zimbabwe’s Insurance and Pensions Commission (Ipec) is laying down the law on pension fund governance, reports News Day. Ipec’s pensions and life department manager Polite Chidumwa said the insurance and pensions regulator was working to make sure that the contributions were not wiped out over time, which involved ensuring proper governance structures. Ipec is engaged in several reforms to ensure that member contributions to pension funds do not lose value as payouts to pensioners continue to decline owing to exchange rate...

April 2, 2025
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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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