February 2025
19Feb

US. Over 71,000 retirement savers may be victims of cyber breach at The Pension Specialists

More than 71,000 customers of retirement plan administrator The Pension Specialists may have had their personal data breached in a cyber theft that occurred last year, according to a notification filed by The Pension Specialists with the Office of the Maine Attorney General on Feb. 14. The company became aware of the cyber incident on Feb. 24, 2024, when it experienced a network disruption. After initiating an investigation with cybersecurity experts, it determined that certain files may have been accessed...

February 19, 2025
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19Feb

UK professionals prepare for ‘unretirement’ to become the norm

70% of UK professionals (from all age bands) have stated that they are ‘expecting’ that they will have to work for longer or delay retirement due to financial concerns post-retirement. In fact, 31% of ‘unretirees’ state they have returned to work either in a full/part-time or in a casual capacity over the past 18 months. The new research comes from global talent solutions provider Robert Walters – and showcases an emerging trend of ‘unretirement’ – which shows no signs of abating. Recent figures from Legal and...

February 19, 2025
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19Feb

France’s latest pensions battle could ignite fresh political crisis

President Emmanuel Macron braved strikes and street protests to force through a deeply unpopular reform in 2023 raising France's retirement age by two years to 64, saying it was the only way to keep the generous but costly pension system afloat. Now an assessment this week by the country's independent public audit office on the size of the pension deficit could rekindle debate about the divisive reform and plunge Macron's fragile, debt-laden government back into crisis. Francois Bayrou, Macron's latest prime minister, requested...

February 19, 2025
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19Feb

US. What the 2025 Social Security Age Change Means for Retirement Planning

If you're nearing retirement, you’ve probably wondered when to start taking Social Security benefits. For years, age 65 was considered the “normal” retirement age, but a law passed in 1983 gradually raised this age to reflect the increasing life expectancy of Americans.1 As of 2025, the full retirement age (FRA) is still rising depending on your birth year.2 Knowing when to claim benefits can significantly impact your monthly checks. Key Takeaways Full Retirement Age rises to 66 years and 10 months for those born in 1959. ...

February 19, 2025
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19Feb

CPPIB becomes major shareholder of Spanish Group HBX in its stock market debut

HBX Group has successfully gone public on the Spanish stock exchanges, marking the largest IPO in Europe this year and the first listing of a British company in Spain since Brexit. The transaction, valued at approximately €3 billion, underscores the company’s position as a key player in the travel technology sector. The transaction has included the completion of an initial put and subscription offer for shares by HBX Group’s major shareholders (CPPIB and vehicles controlled by funds managed or advised...

February 19, 2025
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18Feb

The UK pensions dashboard faces new delays

The long-awaited pensions dashboard is facing fresh delays and may still not be ready to roll out next year – more than a decade after it was first proposed. The Government’s dashboard, designed to allow people to view all their pension pots in one place, has been beset by a series of delays and is tens of millions of pounds over budget. A National Audit Office report in May last year found that the cost of the project had increased from £235m in 2020...

February 18, 2025
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18Feb

Older adults are driving workforce innovation in a digital economy. Here’s how

Businesses and governments must recognize the impact and potential of older adults as the global workforce shifts due to ageing populations. Many older adults want to work, upskill and contribute in a digital-first world, but face structural barriers such as ageism and technological gaps. As global leaders navigate workforce challenges, they must embrace policies that foster lifelong learning, equitable hiring and digital inclusion. As the global workforce shifts due to ageing populations, businesses and governments must recognize the impact...

February 18, 2025
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18Feb

Lithuania’s planned second pillar reforms alarm pensions industry

Proposed changes to Lithuania’s quasi-mandatory second pillar pensions system have been widely criticised as a threat to the system as a whole. The government – a coalition led by the centre-left Social Democrats – said the aim is to increase the attractiveness and flexibility of the second pillar, ensure the voluntary involvement of participants and employers, and balance financial incentives. At present, there is automatic enrolment, with a limited ability to opt out. The changes include abolishing auto-enrolment, instead encouraging the public to...

February 18, 2025
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18Feb

Bangladesh. Informal economy under stress

In the bustling lanes of Dhaka's Karwan Bazar, Rina Begum, a 42-year-old street vendor, arranges fresh vegetables on her wooden cart before sunrise. Her business-unregistered, untaxed, and absent from official GDP reports-is part of Bangladesh's informal economy, a vast network of small-scale, unregulated ventures that employ millions. Globally, the informal sector accounts for over 60 per cent of employment; in Bangladesh, it sustains 85 per cent of the workforce, from rickshaw pullers to home-based garment workers. Yet, as inflation...

February 18, 2025
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17Feb

UK. The growing problem of small pension pots and why consolidation is key to better retirement savings

Urgent reform is needed to ensure individuals can manage their retirement savings more effectively. The IFS report identifies small ‘deferred’ pension pots as a major issue in the UK’s pension landscape. Nearly 20 million defined contribution (DC) pension pots worth under £10,000 are no longer being contributed to, with 12.1 million of these containing less than £1,000 (‘micro pots’). Such fragmentation complicates retirement planning for savers and increases administrative costs across the pensions industry. This growing issue not only creates unnecessary...

February 17, 2025
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