May 2025
16May

The Longevity Story: Opportunities and Considerations

By World Governments Summit   This report delves into the concept of longevity, highlighting how advancements in medical technology, sanitation, preventive care, and lifestyle choices have significantly increased human lifespans—from an average of 45 years in the 1950s to over 73 years today. While early efforts to extend life overlooked aging itself, recent focus on understanding and potentially reversing the aging process has fueled the growth of the longevity industry. Organizations like Altos Labs, Hevolution Foundation, and Pure Health are pioneering...

May 16, 2025
Aging, Books, Books, Reports, , ,
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16May

Investor Fiduciary Duties in the Crosshairs – Targeting a Mirage

By Susan N. Gary, Keith L. Johnson & Nicholas W. Zuiker The fiduciary duties of institutional investors have become a hot issue amongst policymakers and courts, with the future financial security of millions of American workers and savers at stake. Unfortunately, many recent policy debates and court opinions on investor fiduciary duties demonstrate only a limited understanding of fiduciary duty principles.  A more complete appreciation of the full range of investor fiduciary duties is essential to inform policy and court decisions that...

May 16, 2025
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16May

The vision of younger-seniors-based elderly care in rural China: based on population aging predictions from 2020 to 2050

By Haojian Dou, Cheng Wang, Guishan Cheng, Xiaoyan Lei & Shuang Xu  Population aging is an irreversible and challenging global trend. Factors that worsen it in rural areas include the outflow of young adults, lack of medical resources, and uneven economic development. Based on projections of rural population aging trends in China from 2020 to 2050, this article explores the growth trends and spatial heterogeneity of elderly populations in rural areas. The results indicate that from 2020 to 2050, the...

May 16, 2025
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16May

Till Death Us do Part: Liquidity and the Annuity Puzzle

By Barbara Summers & Robert Hudson The annuity puzzle refers to the phenomenon that voluntary annuity take-up is typically much lower than predicted by mainstream economic models. Such models typically make strong assumptions regarding the risk and uncertainty facing individuals and neglect the role of liquidity. Often individuals are assumed to face only longevity risk or to have hedged all other risks in complete markets. In practice individuals need an element of liquidity in their portfolios to control the risks...

May 16, 2025
Articles, Pension design, , ,
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14May

Desigualdad y pobreza en Colombia y América latina. Un análisis comparativo con los países de la OCDE

Por Albert Ferrer Sánchez Este artículo, en primer lugar, compara a Colombia con el resto de países latinoamericanos y con países de la Organización para la Cooperación y el Desarrollo Económico (OCDE) en términos de desigualdad, pobreza y protección social. Para ello, mide estos conceptos a partir de distintas variables y muestra su relación con el nivel de desarrollo económico. Segundo, analiza la desigualdad entre capital y trabajo, y las divergencias salariales en todos los países de la muestra. Tercero,...

May 14, 2025
Artículos, Caracterización del Sistema, , , ,
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14May

El sistema de pensiones en Perú: Sostenibilidad, cobertura y tasa de reemplazo

Por Víctor Horacio Rodriguez Baca El objetivo del  artículo es explorar los desafíos y posibles soluciones del sistema previsional peruano. Tras la Segunda Guerra Mundial y la ratificación de la Declaración Universal de Derechos Humanos en 1948, el derecho a la seguridad social quedó garantizado. En Perú, el sistema de pensiones cuenta con dos regímenes: el Sistema Nacional de Pensiones (SNP) y el Sistema Privado de Pensiones (SPP). Sin embargo, enfrenta problemas de cobertura limitada (solo el 26.5% de la...

May 14, 2025
Artículos, Sostenibilidad del Sistema, Sostenibilidad del Sistema, , , ,
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09May

The DC Future Book 2024: in association with Columbia Threadneedle Investments

By Pensions Policy Institute This report is the tenth edition of the Pensions Policy Institute’s (PPI) The DC Future Book: in association with Columbia Threadneedle Investments, setting out available data on the Defined Contribution (DC) landscape alongside commentary, analysis and projections of future trends. Demographic and policy changes mean that, compared to previous generations of pensioners, current and future retirees will. These changes increase the risk borne by pension savers and the complexity of decisions they must make at, and during,...

May 9, 2025
Books, Books, Reports, System Characterization, , , ,
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09May

The Purple Book 2024. DB pensions universe risk profile

By Pension Protection Fund The Purple Book, also known as the Pensions Universe Risk Profile, highlights trends in DB scheme funding, demographics and asset allocation. It provides us with an in-depth understanding of the risks we face from the universe of schemes we protect. The 19th edition of the Purple Book shows the strong net funding position of the universe of DB pension schemes has remained largely stable over the past year. For this year’s Purple Book, we’ve used an enhanced roll-forward...

May 9, 2025
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09May

The Singular Role of Public Pension Funds in Corporate Governance

By Jill E. Fisch & Jeff Schwartz With more than $5 trillion in assets, public pension funds are significant players in financial markets. Like private asset managers, public pension fund managers are typically expected to exercise their discretion over investing and engagement to serve the interests of the funds’ beneficiaries exclusively, a model that we term “beneficiary primacy.” To this end, beneficiary primacy imposes fiduciary duties on fund managers to maximize the economic value of the fund. We argue that...

May 9, 2025
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09May

Beyond the Bottom Line: How ESG Engagement Reshapes Pension Fund Strategy

By Allen Mendenhall & Daniel Sutter The study suggests that pension funds have developed methods to advance ESG objectives without significantly changing their investment portfolios. This approach enables them to influence corporate behavior while maintaining financial positions. However, all pensions and investors may suffer reduced returns when activism undermines value-creating investment. Pension systems that merely engage, rather than divest, may not underperform compared to other funds, but their tactics allow government-backed entities to exert extraordinary influence without sufficient accountability or...

May 9, 2025
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