January 2026

Decoding Pension Funds: Sustainability Indicators for Annual Report Analysis

By Leticia Martins Medeiros, Clea Beatriz Macagnan & Rosane Maria Seibert Pension funds’ growth highlights the need to emphasize fiduciary duty and investment sustainability, considering the current and future participants’ interests (priority stakeholders) and systemic risk reduction (environmental, social, economic, and governance effects). Therefore, this study builds sustainability indicators based on the interests of pension fund stakeholders. The methodology comprised five stages: the first consisted of analyzing Annual Information Reports to create a preliminary list of indicators; the second involved...

Global Pension Assets Study – 2025

By Thinking Ahead Institute The Global Pension Assets Study estimates global pension fund assets across 22 major pension markets (the P22). These geographies now stand at US$58.5 trillion in pension assets and account for 68% of the GDP of these economies. The study, conducted by WTW and the Thinking Ahead Institute since the 1990s, includes an analysis of the seven largest markets (the P7): Australia, Canada, Japan, Netherlands, Switzerland, UK and the US, which comprise 91% of total pension assets. Pension...

Social Protection for Informal Workers

By Abhijeet U Pai The modern working relationships require the law to recognise non-standard forms of employment and address the lack of traditional employment benefits like social protection for them. Informal employment is seen as a job-based (based on nature of job rather than status of the enterprise) concept that cuts across different sectors of economic activity and thus is defined as ‘informal economy’ rather than ‘informal sector’, in terms of employment relationship and protections associated with the job of the...

Trade-off entre los objetivos de los sistemas de pensiones en contextos de baja densidad de cotización. Un análisis de diseños alternativos en cuatro países de América Latina

Por Ignacio Apella & Gonzalo La reducida densidad de cotización es un problema relevante para los sistemas de seguridad social que genera tensiones sobre al menos alguno de los objetivos más relevantes, esto es, la cobertura, suficiencia o sostenibilidad financiera. El objetivo de este trabajo es aportar elementos para comprender como los diferentes sistemas manejan tales tensiones, analizando a su vez, el esquema de incentivos a la formalidad laboral que se genera. Para esto se estudian los sistemas de seguridad...

Sistema de pensiones en el derecho financie-ro en México: AFORE

Por Karina Jazmín Becerra Nolasco Para el sistema de pensiones de México, la reforma de 1997 fue un cambio que reformo toda la legislación proteccionista de seguridad social para los trabajadores. Sin embargo, es un tema completo, porque el sistema de financiamiento para la vejez es distinto al que se tenía en 1973, donde hablamos de pensiones solidarias, sustentadas por la formalidad del trabajo de los más jóvenes. Por esa razón, es importante explicar cuál es el proceso actual que...

Impacto de la dictadura militar chilena en las trabajadoras sociales de las Cajas de Previsión: una mirada a nuestra previsión social (1960-1990)

Por Karin Andrea Román-Guajardo & Marlene Rosa Araya-Cuello Este artículo recoge y analiza testimonios de las trabajadoras sociales y otros funcionarios del área de previsión social en Chile durante el paso del sistema de Cajas de Previsión a la instauración del sistema de capitalización individual Administradora Fondo de Pensiones (AFP) durante la década de 1980 en el contexto de la Dictadura Militar. El objetivo es entender el impacto que tiene este evento clave para la profesión de Trabajo Social y...

La cultura financiera y su impacto en el ahorro en México

Por Jesús Soto Tenorio El dinero es parte importante de nuestras vidas y del día a día, ayuda satisfacer nuestras necesidades, pero es interesante hablar sobre que los ingresos que puede llegar a generar una persona no es ni siquiera suficiente para solventar sus gastos o generar un pequeño ahorro que a futuro pueda servirles cuando tengan que dejar de trabajar. Durante mucho tiempo se ha estado tratando de buscar una solución a este problema mediante programas sociales del gobierno,...

Pension Saving in a Gendered Lifecourse

By Hayley James Despite automatic enrolment in work pension schemes, private saving for pensions in the UK is relatively low, with most people under-pensioned in later life and reliant on the state pension. In this book, Hayley James shows that equally significant is that women save far less for old age than men. Indeed, her detailed research reveals the ways in which pension saving, as an everyday practice of finance, is shaped by gender and how this evolves over the...

Pension Economics

By Torben M Andersen A coherent introduction to the economics of pensions is provided to give the reader insights in the many objectives addressed by pension systems and the design possibilities available. The text offers an in-depth overview of the literature and its main insights and conclusions with sufficient rigor to understand the basic mechanisms, but without excessive technical details, focusing on the intuition and implications of the results. The pros and cons of different pension schemes are discussed from...

Access to Pensions, Old-Age Support, and Child Investment in China

By Xiaoyue Shan & Albert Park This work studies how access to public pensions affects old-age support and child investment in traditional societies. Guided by predictions from an overlapping generations model, we analyze the influences of a new pension program in rural China, using a difference-in-differences approach. We find that the program crowds out transfers from working-age adults, especially men, to their elderly parents. Interestingly, the impact on child investment significantly differs by child gender. While adult parents increase educational investment...