October 2026

Europe’s pensions rank among the world’s best – but how secure are they?

A new ranking of 55 retirement income systems reveals how Europe’s pension systems compare, with concerns over the long-term sustainability of benefits in some of the continent’s largest economies. The Netherlands offers the best pension system in the world, according to the Marsh CFA Institute Global Pension Index (MCGPI). The top-ranking country received a score of 85.8 out of 100, followed by Denmark at 84.1 and Iceland at 84.0. They are the only European systems awarded the best grade. Singapore, Israel...

Hong Kong ranks second in Asian pension systems, behind Singapore, as ageing tests retirement

Hong Kong’s retirement system remains one of Asia’s stronger performers this year, ranking second and trailing only Singapore. The two remain clear regional leaders, ahead of Malaysia, mainland China, Taiwan, Japan and South Korea, according to a report. The city retained its B grade, with its score edging up from 70.6 to 71.2, ranking 16th globally out of 55 systems, according to the annual Marsh CFA Institute Global Pension report by Marsh, a New York-based global professional services firm, and...

Aging populations are straining retirement systems worldwide

Today, Marsh (NYSE: MRSH), a leading global professional services firm, and CFA Institute, the global association of investment professionals, today released the 18th annual Marsh CFA Institute Global Pension Index (MCGPI), comparing 55 retirement income systems across the globe, covering 66% of the world’s population. As fertility rates fall and life expectancies rise, the world’s retirement income systems face mounting pressure. This year’s Index examines how aging populations will impact the design and long-term sustainability of pension systems worldwide –...

Jamaica. Senator urges Gov’t to pursue indexation reform to protect purchasing power of pensioners

Opposition Senator Ramon Small-Ferguson is urging the Government to pursue “properly designed indexation reform” to protect the purchasing power of pensioners over time. Small-Ferguson said that in doing so, careful attention should be paid to sustainability, and without presuming any particular formula or guaranteed increase. He made the comments in the Senate on Friday while contributing to the debate on the Pensions (Superannuation Funds and Retirement Schemes) (Investment) (Amendment) Regulations, 2026. He said it was time to move from investment diversification...

Vietnam. Amendments to the Social Insurance Law increase the number of pensioners and expand social security

The new regulations are gradually coming into effect. The Social Insurance Law 2024 officially came into effect on July 1, 2025, and includes many new and groundbreaking provisions compared to the Social Insurance Law 2014. These include expanding the coverage of compulsory social insurance to several groups, including business owners, enterprise and cooperative managers, part-time workers, non-specialized officials at the grassroots level, and permanent militia members. The 2024 Social Insurance Law also reduces the required social insurance contribution period to qualify...

Military Retirees Block Nigerian Pensions Board Entrance In Abuja Over Alleged Unfair Adjustments

Military retirees on Tuesday blocked the entrance to the Military Pensions Board office in Dutse Alhaji, Abuja, protesting what they described as an unfair formula for calculating pension adjustments. The veterans barricaded the entrance with canopies and chairs, while armed soldiers prevented them from entering the premises. The protest comes weeks after retired military personnel demonstrated at the Ministry of Defence in September, demanding a pension increase following salary adjustments for serving military officers. The Minister of Defence, Christopher Musa, reportedly assured...

The impact of pension on the health behavior of elderly rural residents: evidence from China

By Rui Li, Duanyang Gao & Yuying Yang Background Unhealthy behavior is an important factor threatening the health of older rural residents in China. We examine the effects of receiving pension on elderly rural residents’ health behavior (namely conscious control of sugar, salt, and edible oil intake, as well as learning health or wellness knowledge), also including effect heterogeneity by income level and gender. Methods Using China Rural Revitalization Survey (CRRS) in 2020, we used the policy rule of the...

Does a Better Pension Buy Better Health? China’s Age-60 Threshold Says Not Necessarily

For decades, policymakers and economists have assumed a fairly intuitive chain of causation: a more generous pension means more money in old age, more money means better food, better care, less stress, and therefore better health. A new study drawing on nationwide Chinese survey data puts that assumption under an unusually rigorous statistical microscope, and the results are strikingly deflationary. Using the 2022 wave of the China Family Panel Studies, or CFPS, researchers Qing Li and Xiaojing Huang of...

2025 European Pension Landscape: Comparing Amounts and Purchasing Power Across Countries

Pensions serve as the main income stream for older adults throughout Europe. Approximately two-thirds of pensioners' earnings within the European Union come from government transfers. As of 2025, individuals over 65 in 28 European countries receive around 86% of the average wage. However, this figure drops below 70% in the Baltic states. Belgium, Denmark, and Switzerland also report pensions at less than 80% of average income. The average gross pension within the EU is about €1,443 per month. Among EU...

US. Poverty Rates Continue to Climb for Older Adults

The poverty rate of people 65+ is the highest of all age groups and is growing, according to an AARP Foundation analysis of 2025 supplemental poverty rate data on older adults released by the U.S. Census. The report assessed Census data for adults aged 65+ along with those aged 50-64, as near-retirement poverty can portend poverty in retirement. AARP Foundation’s review, released in September 2026, found that adults aged 50+ have had an increase in poverty rates since 2019. Adults...