March 2025
24Mar

Jamaica’s ageing population: are we ready for the silver wave?

Recent discussions about Jamaica’s declining birth rate have sparked national debate, but another pressing demographic shift remains overlooked , the rapidly ageing population. While efforts to address low birth rates are important, the growing number of seniors presents complex challenges that require urgent attention. According to the Ministry of Health and Wellness, approximately 17 per cent of Jamaica’s population will be aged 60 and older by 2025, an increase from 12 per cent in previous years. This figure is projected to...

March 24, 2025
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21Mar

UK. Two-thirds of employers embrace responsible pensions; less than half have it as their default

More than two-thirds (69 per cent) of employers in the UK now offer a responsibly invested company pension, but less than half (44 per cent) have it as their default option, research from Scottish Widows has revealed. The firm said this put the onus on employees to take action if they want to switch. However, its Responsibly Invested Pensions report showed that nearly two-thirds (61 per cent) of employees had “no idea” how to change their default, highlighting a growing need for employers...

March 21, 2025
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21Mar

Navigating the retirement window: Introduce more certainty to outcomes

For most savers, the primary objective of their financial plan is to ensure they have sufficient funds to meet their spending needs during retirement. Despite this intention, taking action can be daunting due to the uncertainty surrounding a new phase of life and a lack of information around critical decisions that must be made. These are some reasons why, when it comes to retirement, many Americans are unprepared. A Federal Reserve study found that 25% of working Americans have no...

March 21, 2025
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21Mar

The End of Traditional Retirement: Building Financial Security in a Changing World

Have you ever seen your father leave for work every morning, heading to the same office, doing the same job, surrounded by the same colleagues for decades? It was a time when career paths were straightforward, stability was the norm, and retirement felt like a well-earned reward after years of dedication. Now, look at your own career—how many jobs have you switched already? Two? Three? Maybe more? And still, the future feels uncertain. Jobs that once lasted a lifetime are...

March 21, 2025
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20Mar

What Age Do People Around the World Think Is Best to Reach Major Life Milestones?

When is the right time in life to get married or have a child? What is the best age to buy a home? Is there an ideal age for retirement? We asked adults in 18 mostly middle-income countries what they think is the best age to reach these life milestones. Overall, there is a lot of agreement around the world. A chart showing The ideal ages for major life events, according to people in 18 nations On average across the countries...

March 20, 2025
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20Mar

UK. DWP State Pension age to rise next year for thousands

The State Pension age will be rising from next year, the age is currently 66 for both men and women. It will gradually increase to 67 between 2026 and 2028 for those born after April 1960. The transition process is then expected to be completed for everyone by March 2028. The planned change to the official age of retirement has been in legislation since 2014, with a further rise from 67 to 68, which is set to be implemented between...

March 20, 2025
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20Mar

US. Some retirees will see bump in Social Security benefit starting next month

Retirement just got a little boost for many public sector retirees and their spouses. By the end of this month, more than 3 million Social Security recipients affected by the Social Security Fairness Act that President Biden signed into law in January will see a bump in their benefits. This law increases monthly Social Security benefits for certain types of workers, including some teachers, firefighters, and police officers in many states, federal employees covered by the Civil Service Retirement System, and...

March 20, 2025
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20Mar

South Korea approves reforms to shore up $830 bln state pension fund

South Korea's parliament on Thursday passed a bill to reform the country's $830 billion pension fund and delay the depletion of the state fund that has been on track to run out by the mid-2050s due to a rapidly ageing population. The bill's passage marks the first time parliament has agreed to a major shake-up in the state pension fund in 18 years and could delay depletion by 15 years. Under the legislative amendment, contributions and payouts will rise, the former...

March 20, 2025
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19Mar

European Pension Funds Shift from US To European Markets

European pension companies are shifting from US to European stocks, with investors withdrawing $2.8 billion from US stock funds and redirecting $5 billion into European equities last week. Danish pension fund PensionDanmark was among these investors, shifting DKK 14 billion ($2 billion) from the US to the European market, which is equivalent to 10% of its total portfolio. Meanwhile, Finnish firm Veritas has also reduced its exposure to US-listed equities, dropping from 46.2% at the end of 2024 to 24.1% currently. Instead, it...

March 19, 2025
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19Mar

U.S. pension risk transfer volume tops $50 billion in 2024, just short of 2022 record

U.S. pension risk transfer volume topped $50 billion in 2024, just shy of the record-setting volume two years earlier, according to a survey from LIMRA. Total dollar volume for pension buyout and buy-in transactions for the year ended Dec. 31 was $51.8 billion, up 14% from 2023. Of that total, LIMRA recorded $48.1 billion in buyout sales and $3.7 billion in buyout sales in 2024. Fourth-quarter volume totaled $12 billion, down 4% from the year-earlier quarter, but volume totals of $14.6...

March 19, 2025
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