July 2025
18Jul

Individuals’ challenges managing pensions through retirement

By Bee Boileau, Jonathan Cribb & Carl Emmerson This report is one of two reports on the management of pension wealth in retirement conducted as part of the Pensions Review, led by the Institute for Fiscal Studies in partnership with the abrdn Financial Fairness Trust. In this report, we examine the decisions that older individuals face as they draw on and manage their private pension wealth through retirement. In particular, we highlight the growing importance of defined contribution (DC) wealth,...

July 18, 2025
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17Jul

Pakistan approves 15 pct increase in EOBI pensions

Pakistan's federal cabinet has approved a 15 percent increase in pensions for beneficiaries of the Employees' Old-Age Benefits Institution (EOBI), according to an official statement issued on Wednesday. The decision was made during a cabinet meeting chaired by Prime Minister Shehbaz Sharif. The increase, effective from Jan. 1, 2025, will be financed through EOBI's own resources, the statement said. The cabinet also approved the formation of a committee to propose institutional reforms within EOBI and explore options to extend pension coverage...

July 17, 2025
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16Jul

Ranked: Countries With the Highest & Lowest Pensions in Europe

Rich Western economies like Iceland, Luxembourg, and Norway can afford annual pensions north of €30,000 per retiree. Poland and Hungary spend a big slice of GDP on pensions, yet smaller tax bases keep payouts below €7,000. The seven-fold gap between Iceland and Hungary proves pension size tracks economic heft, not political will. everal generations are already saying they won’t retire due to financial anxieties. But what about today’s retirees? How are they making ends meet, and what do current-day pensions actually look like? This chart visualizes the latest figures...

July 16, 2025
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15Jul

Argentina’s Milei told to ‘grow up’ by VP in spat over pensions

Argentine President Javier Milei and his vice-president, Victoria Villarruel, have engaged in a bitter public war of words over plans to increase pensions. Milei shared posts on X in which his running mate had been called "stupid" and described as "a traitor", and in response Villarruel told the president to "grow up". The president's anger was triggered by a heavy defeat in Congress on Thursday, when the Senate approved motions aimed at boosting pensions and increasing disability allowances - which Milei...

July 15, 2025
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09Jul

UK. OBR report highlights the unsustainable burden the triple lock will place on taxpayers

Many retirees rely significantly on the State Pension to sustain their standard of living, particularly amid persistently high inflation and interest rates. Yet, while its role in safeguarding older generations is well-meaning, the long-term fiscal implications of the triple lock cannot be ignored. The Office for Budget Responsibility (OBR) has now forecast the cost of moving from an earnings-link in 2012 to the triple lock uprating mechanism is set to reach £15.5 billion annually by 2030, three times higher...

July 9, 2025
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04Jul

Living to 100: As lifespans rise, retirement planning needs a major reset

Longevity is quickly becoming one of the largest unaddressed risks in retirement planning: The number of Americans living to 100 is expected to quadruple by 2054, yet most retirement plans aren't built for 90 or 100-year lifespans. Yet despite this surge in longevity, new research from Nationwide Retirement Institute and The American College of Financial Services reveals a troubling disconnect: While lifespans are rising well into the 90s and beyond, financial planning hasn’t kept pace. As a result, millions face a growing risk...

July 4, 2025
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03Jul

UK. IFS recommends state pension and auto-enrolment changes to boost adequacy

The Institute for Fiscal Studies (IFS) has made four recommendations for improving pensions adequacy that it believes would improve the state pension and boost private pension savings by around £11bn a year. The recommendations are the result of a two-and-a-half-year research project exploring how to improve retirement outcomes, and come as the government has promised to begin its own pension adequacy review in the coming months. The report calls for changes that take into account the needs of low earners who...

July 3, 2025
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June 2025
25Jun

UK. Govt urged to adopt relative pension adequacy measure over ‘pounds and pence’ approach

The government has been urged to adopt a relative pension adequacy measure, rather than a 'pounds and pence approach', with analysis from Hargreaves Lansdown suggesting that relative measures better reflect the income needs of different groups. The research from Hargreaves Lansdown, in partnership with Oxford Economics, looked at four different ways to measure pension adequacy, revealing that there are "clearly" challenges with all of the approaches. In particular, the research found that whilst 'pounds and pence measures', such as the Pensions...

June 25, 2025
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20Jun

Ghana’s pension crisis: low incomes, shrinking returns, and an uncertain future

As Ghana grapples with the rising cost of living, concerns over the adequacy and sustainability of pensions continue to dominate public discourse. Speaking on the Asaase Breakfast Show on Thursday (19 June), leading voices in pension regulation, fund management, and retirees’ welfare painted a sobering picture of a system straining under low contributions, limited investment options, and rising economic pressure. Hayford Atta Krufi, former Chief Executive Officer of the National Pensions Regulatory Authority (NPRA), laid bare a fundamental truth: the nation’s pension crisis begins...

June 20, 2025
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May 2025
23May

European semester thematic factsheet adequacy and sustainability of pensions

Pensions are the main source of income for older people in Europe, coming mostly from 'pay-as-you-go' public schemes. Retired people drawing a pension are a significant and — due to demographic ageing — a growing part of the EU population (about 124 million, or a quarter of the total population1). European pension systems are facing the dual challenge of remaining financially sustainable and being able to provide Europeans with an adequate income in retirement. The key purpose of pension...

May 23, 2025
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