March 2025
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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19Mar

How to grow employee pension savings while shaping a more sustainable future

Climate change, social inequality and the transition to a low-carbon economy are among the most pressing challenges of our time. These issues are not abstract concerns for future generations — they are reshaping the world we live in today. And for employees, one of the levers they have to make a positive impact, while also building a more secure financial future, is their pension. Recent Scottish Widows’ research reveals that 72 per cent of employees now expect their employers to offer a...

March 19, 2025
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19Mar

Kuwait pension fund’s $1 billion corruption lawsuit begins in UK court

Kuwait's public pension fund accused asset manager Man Group, Swiss bank EFG and others of laundering bribes paid to its late director as a year-long $1 billion trial began at London's High Court on Monday. The Public Institution for Social Security (PIFSS), which operates Kuwait's social security and pension scheme, is suing the estate of Fahad Al Rajaan, its director from 1984 to 2014. Al Rajaan was in 2016 convicted in his absence of corruption and embezzling public money in Kuwait and died in...

March 19, 2025
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19Mar

​Danish pensions lobby rejects pension withdrawals for home purchase

Denmark’s pensions industry has rejected the idea of allowing younger people to withdraw their pension savings to finance home buying, saying people should rather be increasing pension contributions. Analysts at the Danish central bank, Danmarks Nationalbank, recently produced a report on access to the housing market for younger people with targeted financing relief, in which they also rejected the idea, currenly under discussion, of freeing young people to use their pension savings for house purchases. According to the report, authored by five analysts:...

March 19, 2025
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18Mar

PLSA IC 25: UK pension funds urged to take more risk

UK pension funds are not taking "anywhere near enough risk", particularly given efforts to reach net zero, National Wealth Fund head of banking and investment, Ian Brown, has said, emphasising the need for more investment in key UK assets. Speaking at the Pensions and Lifetime Savings Association (PLSA) Investment Conference 2025, Brown urged pension scheme trustees to "please take some more risk". "Please take some more risk - do it in a considered way by all means," he stated. "Do it...

March 18, 2025
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18Mar

Belgium: Significant and broad changes to employment law and social security proposed

Employer Action Code: Monitor The Federal Coalition Agreement of the new Belgian government contains a wide-ranging series of measures that, if implemented, would bring the most significant changes to the country’s labor laws in many years. The agreement covers a range of areas — from compensation and benefits to dismissal and unemployment — aiming overall to increase the flexibility and efficiency of the labor market while ensuring job security and social protection. Key details Planned changes in the area of compensation and...

March 18, 2025
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18Mar

Amid robust U.S. investment, Australia’s largest retirement fund plots an ambitious agenda

AustralianSuper first began operating in 2006 when the Superannuation Trust of Australia and the Australian Retirement Fund merged, seeing the benefits of size. That year, CIO and Deputy Chief Executive Mark Delaney was responsible for managing approximately A$21.3 billion. Almost 20 years later, he’s running Australia’s largest superannuation fund, with over A$380 billion ($239 billion) in assets and serving over 3.5 million Australians across a broad swath of professions. And that is only set to grow in coming years with...

March 18, 2025
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18Mar

US. Worried how the stock market could impact your retirement? Here are 3 questions from experts.

Watching your 401(k) plan savings recede as stocks slide can be gut-wrenching, sparking anxiety about whether you'll ever be able to retire — a particularly loaded issue for Gen Xers, given the oldest members of the generation are hitting 60 this year. But financial experts say it's important not to panic in the face of plunging markets or rising recession risks because that can lead to rash decisions that cost you money. Instead, it's important to focus on some key investment questions before taking...

March 18, 2025
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