May 2025
06May

US. Congress reintroduces ‘portable’ federally-run retirement plan bill for private sector workers

The Retirement Savings for Americans Act, which would offer a federally-run program for uncovered low- and middle-income workers, was reintroduced in the Senate last week by Senator John Hickenlooper (D-CO), after being reintroduced in the House April 7 by Representative Lloyd Smucker (R-PA). The RSAAlegislation to help private sectors workers without access to 401(k)s build wealth and save for retirement. Recommended For You “Too many hard-working Americans are not able to prepare financially for retirement. Over half of working employees lack access to...

May 6, 2025
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05May

Brazil social security minister latest to quit in major pension fraud scandal

Brazil's Social Security Minister, Carlos Lupi, has resigned nine days after police unveiled a major corruption scandal which defrauded pensioners of $1.1bn (£829m). Federal police allege that over the past decade, the National Social Security Institute (INSS) made unauthorised deductions from payments made to millions of pensioners. The money was allegedly paid to several associations and unions, which then shared the earnings with corrupt government officials. Lupi has always denied any wrongdoing and said he ordered an investigation as soon as he...

May 5, 2025
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02May

UK. Nearly nine million savers remain ‘significantly underpensioned’

Nearly nine million savers in the UK remain "significantly underpensioned" compared to the broader population, with research from Now Pensions revealing that private pension incomes for under-pensioned groups are around 43 per cent to 80 per cent of the population average. The report, produced in partnership with the Pensions Policy Institute (PPI), showed that while progress has been made in some areas, such as rising eligibility for auto enrolment, the underpensioned challenge is far from resolved. Indeed, the report showed that...

May 2, 2025
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02May

How Companies With Frozen, Overfunded Pensions Approach the Future

Corporate pension funding surpluses are higher than they have been in more than a decade. Large surpluses are leading corporate pension plan sponsors to take a risk-on approach to their portfolios and evaluate options for the future of their plans. “We’ve hit the record high funded ratio since the [liability-driven investing] era,” says Jeff Passmore, lead LDI strategist at MetLife Investment Management. “We hit 107.2% funded intra-quarter—that was February 17.” According to Milliman, in 2024, about 34 U.S. companies had frozen pension plans with surplus...

May 2, 2025
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02May

Pension Systems Must Evolve as Asia Pacific Ages

By 2050, more than 25% of Asia-Pacific's population will be over 60, creating unprecedented challenges for pension systems already struggling with sustainability, according to a leading academic in actuarial science. Professor Johnny Li, Tan Bingzhao Professor of Actuarial Science at The Chinese University of Hong Kong (CUHK) Business School, outlined the gravity of the situation at the Economist Impact’s 4th annual Sustainability Week Asia held in Bangkok in March. "Across the Asia-Pacific region, life expectancy has increased by an average of...

May 2, 2025
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April 2025
30Apr

US budget: Senior care will shrink even as the country’s older population grows.

The Trump administration’s fiscal 2026 budget proposal for the U.S. Department of Health and Human Services delivers a devastating blow to the very foundation of aging services in America. By breaking apart the coordination and delivery of programs under the Older Americans Act, the administration is jeopardizing the health, independence and dignity of millions of older adults and their caregivers. At the core of this proposal is the dismantling of the Administration for Community Living, the agency that has effectively administered the Older...

April 30, 2025
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30Apr

Kenyan retirees win big as govt exempts pension from tax

How Kenyan retirees will benefit In a statement on Tuesday, April 29, the State House revealed the Cabinet had approved the bill that will benefit retirees in the public and private sectors. By removing pension taxes, the government intends to improve the financial stability of retirees, allowing them to enjoy their post-work years without worrying about additional tax deductions on their pension income. "Retirees will benefit significantly as all gratuity payments, whether in public or private pension schemes, will now be fully...

April 30, 2025
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30Apr

Longevity v interest rates – which poses the biggest risk for schemes?

Rising life expectancy poses a greater risk to UK corporate pension schemes than low interest rates, a report this week has suggested, but some industry experts have challenged the finding. Low interest rates have wreaked havoc on many schemes’ funding levels as liability calculations are revised up. Earlier this month the aggregate deficit of the Pension Protection Fund’s 7800 Index reached £254.2bn, up from £93.2bn a year ago. The cost of not hedging longevity in a low interest rate environment is proportionately greater...

April 30, 2025
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30Apr

96% of Ghanaian pensioners live on GH¢5,000 or less monthly – Paul Kofi Mante

At the 2025 edition of the Money Summit organized by the Business and Financial Times (B&FT), Paul Kofi Mante, Managing Director of EDC Investment Limited, raised urgent concerns about the state of pensions in Ghana, revealing that a staggering 96% of pensioners receive GH¢5,000 or less per month. Speaking as a panelist during a session focused on investment and retirement planning, Mr. Mante described the current pension reality as deeply worrying. He disclosed that out of the over 2 million Ghanaians aged 60 and above, fewer than 300,000 are enrolled on...

April 30, 2025
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29Apr

Economic volatility & tariff turmoil will elevate pension funds desire to diversify

In an increasingly volatile and uncertain financial world where the investment landscape has been exposed to unpredictable shocks, pension funds have been among the most affected by equity market declines and this is expected to further heighten the desire to diversify their asset portfolios. Stock market indices across major economies have fallen in the wake of the introduction of the United States administration’s tariff policy. While tariff amounts have been rolled back in some cases, or put on hold, with countries...

April 29, 2025
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