September 2026

Norway tops retirement ranking as inflation, debt fuel financial anxiety

Norway has held on to the top spot in a global measure of retirement security, even as inflation, government debt and aging populations make preparing for retirement harder in much of the world. The country ranked first for a second consecutive year in Natixis Investment Managers’ 2026 Global Retirement Index, which compares retirement conditions across 44 countries. Norway scored 83%, followed by Ireland at 81%. The Netherlands jumped from sixth to third with 79%, its highest position since the index was...

Private equity tops the table in CFA Institute retirement modelling

A 10 percent allocation to any one of five private market asset classes lifted the mean annual Sharpe ratio of a modelled target-date fund above an equities-and-bonds baseline over a 40-year accumulation period. Private markets in retirement plans: Returns, risks, and the importance of plan design, published in September by the CFA Institute Research and Policy Center, ran 10,000 Monte Carlo accumulation pathways for a stylised defined contribution plan using US-dollar return data from 1 January 2010 to 31 December...

América Latina en 2050: Los países que más rápido envejecen y el riesgo para las pensiones

Por Revista Mercado El envejecimiento de la población avanzará con rapidez hacia 2050, mientras disminuirá el peso relativo de los jóvenes y aumentará la cantidad de personas de 65 años o más. Este cambio plantea una pregunta clave: ¿quién financiará las pensiones y los servicios sociales cuando haya menos trabajadores aportando al sistema? La Comisión Económica para América Latina y el Caribe (Cepal) advierte que el fenómeno exigirá reformas en los sistemas de protección social, salud y cuidados, además de nuevas estrategias...

The world’s largest pension funds 2026

By Thinking Ahead Institute The Global Top 300 Pension Funds is Thinking Ahead Institute’s annual deep-dive into the world’s largest pension funds, produced with Pensions & Investments. For well over two decades, it has served as a rare longitudinal record of how these giants are evolving, and what that means for the industry at large. Get the report here    

WTW 2026 Defined Contribution Survey: Employers face a retirement readiness gap, and pressure is mounting to prove plans work

By WTW  U.S. employers are facing a clear retirement readiness challenge: they value defined contribution (DC) plans, but many still lack a precise view of whether those plans are helping employees retire on time and with confidence. That is according to the WTW 2026 Defined Contribution Survey from WTW (NASDAQ: WTW), a leading global advisory, broking and solutions company. In the survey of 547 U.S. plan sponsors, 60% have a working definition of retirement readiness, split among income replacement (40%),...

What Drives Institutional Asset Allocation? Survey Evidence from Pension Fund Advisors

By Carolina Salva & Tim Alexander Kroencke We survey 28 leading Swiss pension fund consultants and asset managers to understand the factors and their ranking driving institutional asset allocation decisions. The risk tolerance of pension fund boards, target returns, and risk-free rates emerge as the most influential factors, while traditional portfolio theory predictors such as expected returns, volatility or individual risk aversion show limited practical relevance. Finally, we find that individual risk aversion of beneficiaries plays a limited role. Our...

Redistribution through Taxes or Pensions? Optimal Income Tax and Pension Progressivity

By Burkhard Heer & Mark M. Trede We develop a medium-scale overlapping-generations model with endogenous labor supply and skill premium to study optimal income redistribution using progressive labor income taxes and pensions. The model is calibrated to the four countries USA, Great Britain, Italy and Germany which differ substantially in their tax and pension systems, demographics, and skill shares among workers. Optimal pension benefits are proportional to lifetime contributions in all four countries, while the optimal degree of income tax...

Pensions and Turbulence: Automatic Adjustment, Risk, and Fairness in Long-Term Pension Design

By Peter A. Diamond Public pension systems are long-term social contracts operating under persistent economic, demographic, and political uncertainty. Periods of turbulence, marked by financial shocks, changes in longevity, and shifting labour markets, test the capacity of pension institutions to adapt while maintaining adequacy, equity, and legitimacy. Building on earlier joint work on pension economics and reform with Nicholas Barr, this chapter analyses the role of automatic and semi-automatic adjustment mechanisms in public pension design. Drawing on comparative experience from...

2do Informe de Labores 2025-2026

Por Secretaría de Bienestar Este informe de labores da cuenta de las acciones realizadas por la Secretaría de Bienestar entre el 1 de julio de 2025 y el 30 de junio de 2026, segundo año de la administración de la Presidenta Claudia Sheinbaum Pardo y del Segundo Piso de la Cuarta Transformación. Bajo la dirección de la Presidenta Claudia Sheinbaum Pardo, con los principios del Humanismo Mexicano y la prosperidad compartida como horizonte, el bienestar se está ampliado. Los resultados...

Racionalizar la informalidad: Protección social, calidad del empleo y crecimiento

Por William F. Maloney, Guillermo Beylis, Nathalie González-Prieto & Andrés Zambrano En este libro se promueve el debate de tres maneras. En primer lugar, se recopilan y generan nuevos tipos de datos que permiten examinar en profundidad los mercados laborales de los países en desarrollo y el comportamiento de las empresas y sus trabajadores. Se sostiene que los trabajadores por cuenta propia informales, en particular, realizan los mismos cálculos que sus pares de países avanzados, incluida la misma comparación de ingresos...