June 2026
12Jun

The financial well-being of retired professional athletes: debunking the myth about financial irresponsibility

By Grant Laschowski & Norm O'Reilly This research aims to investigate the financial well-being (FWB) of retired male athletes in major professional North American team sports. Framed around Kempson’s (2017) FWB Model, the aim of this research is (1) to identify the key drivers that influence how retired athletes feel about their current financial situations and (2) to assess these findings in the context of how external constituents view the FWB of these athletes. The research addressed two questions: What...

June 12, 2026
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10Jun

Panorama Fiscal de América Latina y el Caribe, 2026: fortalecimiento de los sistemas tributarios para financiar un desarrollo más productivo, inclusivo y sostenible

Por CEPAL El Panorama Fiscal de América Latina y el Caribe, 2026, analiza la evolución y las principales tendencias del ingreso y el gasto público, los balances fiscales, la deuda pública y las finanzas subnacionales de la región en 2025. Habiendo sido este un año de elevada incertidumbre y con un limitado espacio fiscal, los países se enfrentan a la necesidad de fortalecer sus sistemas tributarios para financiar sus políticas de gasto e inversión pública en presencia de un déficit fiscal...

June 10, 2026
Libros, Libros, Reportes, Sostenibilidad del Sistema, Sostenibilidad del Sistema, , ,
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08Jun

Blue Owl, Ares Court Mexico’s $500 Billion Pension Fund Windfall

In Mexico City, the executives have arrived from the likes of Blue Owl Capital Inc., Ares Management Corp. and Golub Capital, all seeking a rare prize: a large pot of untapped money. Firms that haven’t made the journey may already have fallen behind. Mexican pension funds, known as Afores, represent a $500 billion opportunity for the biggest alternatives firms. They’re ballooning in size thanks to reforms that increased how much money is contributed to workers’ accounts, while other rule changes have...

June 8, 2026
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08Jun

Rising costs push US retirement target to $1.46 million

Survey shows retirement target jumps to $1.46 million A Northwestern Mutual survey found that Americans now believe they need $1.46 million to retire comfortably, a $200,000 increase from 2025 and matching the record high seen in 2024. The findings revealed that 46% do not expect to be financially prepared, while 48% think it’s likely they will outlive their savings. Persistent cost-of-living pressures, especially in housing, healthcare, and energy, are driving these higher expectations. Retirement comfort varies by wealth tier • Poor retirees often...

June 8, 2026
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08Jun

Why Hasn’t the Labor Shortage Pushed Up Real Wages?

For a dozen years, the Bank of Japan, the government, and stockbrokers have all been promising that a labor shortage in Japan will soon push up wages. And that faith is behind the BOJ’s decision that it’s time to normalize interest rates. Here’s the argument. Due to the declining working-age population, companies in 2014 offered 1.2 jobs for every job seeker. By 2019, the ratio had climbed to 1.6 and is now 1.2. So, it is argued: when demand...

June 8, 2026
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May 2026
29May

Old and new welfare states retaining older workers in the face of crisis: the case of COVID-19 in Europe

By Kun Lee The Coronavirus pandemic was a unique crisis in Europe as an unprecedented health and labour market shock barely disrupted long-term trends towards active ageing. We study the role of social policy responses and pre-existing welfare state institutions in moderating older workers’ early exit following the crisis. Using a cross-nationally harmonized panel survey in Europe, we examine whether variations in national labour market policies and pension institutions explain older workers’ exit outcomes following COVID-19, net of the economic...

May 29, 2026
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29May

The Duty to Explain: Fiduciary Intelligibility Under ERISA

By Ian Edwards This Essay examines whether the Employee Retirement Income Security Act of 1974 (“ERISA”) contains an emerging principle of fiduciary intelligibility within its participant disclosure framework. ERISA requires Summary Plan Descriptions (“SPDs”) to be written in a manner “calculated to be understood by the average plan participant.” While modern pension disclosure has become increasingly sophisticated and financially technical, this Essay argues that administrative and financial disclosure are not necessarily equivalent to fiduciary intelligibility. The Essay does not propose a...

May 29, 2026
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29May

Zero-Trust Architecture for Multi-Tenant SaaS Platforms on AWS:A Practitioner Framework for Authentication, Authorisation, and KYC in Regulated Financial Services

By Alan Terriaga Multi-tenant Software-as-a-Service (SaaS) platforms operating in regulated financial services face a unique intersection of security, compliance, and operational challenges that traditional perimeter-based architectures cannot adequately address. This paper presents a practitioner framework for implementing Zero-Trust Architecture (ZTA) across all layers of an AWS-hosted SaaS application, with particular focus on the authentication, authorisation, and Know Your Customer (KYC) verification pipelines that underpin financial compliance obligations. Drawing on direct engineering delivery experience leading IAM systems in regulated multi-tenant environments, we...

May 29, 2026
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29May

Agency Costs Beyond Corporations: Evidence from Pension Funds

By Clemens Böhlen This paper examines the role of agency costs in pension fund performance. Grounded in corporate agency theory, it exploits institutional variation in a unique dataset on the Swiss pension system to assess how differences in monitoring incentives affect investment outcomes. Specifically, I examine the role of the sponsoring company and show that multi-employer funds underperform institutionally comparable single-employer funds by 25-31 basis points per year, in line with weaker governance incentives. Consistent with corporate agency theory, these...

May 29, 2026
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22May

Financial Stability Review 2025

By Financial Stability Council The Financial Stability Review evaluates developments in Ghana’s financial system, with emphasis on policies implemented to mitigate emerging risks to financial stability. This report is organised into eight (8) chapters: macro-financial developments, developments in Ghana’s financial system, assessment of the Banking, Insurance, Securities, and Pensions Industries, financial sector resilience, and a special features section that highlights topical issues of relevance to financial stability. In this current edition, two new sections have been introduced – key Financial...

May 22, 2026
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