February 2026

AI and technology shouldn’t replace retirement planning and policy: auditor

Naz Randeria, director of Reliance Auditing Services, was responding to a claim by tech billionaire Elon Musk that retirement savings could become irrelevant in an age of AI abundance. “It may sound visionary, but Australia’s superannuation system exists precisely because the future is uncertain, not guaranteed,” Randeria said. Musk stated in a recent appearance on the podcast Moonshots with Peter Diamandis, that people should not worry about saving for retirement as it will not be necessary in 10-20 years’ time. He suggested...

January 2026

Artificial Intelligence and Retirement Planning

By John Cutler, J.D Any views and ideas expressed in the essay are the author’s alone and may not reflect the views and ideas of the Society of Actuaries, the Society of Actuaries Research Institute, Society of Actuaries members, nor the author’s employer. The premise for this essay is that retirees (and pre-retirees) are unlikely to have had experience with artificial intelligence (AI) to any great degree. If you think about most advanced technologies, individuals learn about them in the workplace...

Canada Pension Plan’s investment arm criticized over funding for Elon Musk’s xAI, maker of Grok

The Canada Pension Plan Investment Board (CPPIB) is facing criticism for having provided $300 million US for the funding of infrastructure for Elon Musk's xAI, the company behind the controversial Grok artificial intelligence chatbot tool. Musk's xAI has been at the centre of controversy in recent months, after it was discovered that Grok made it possible for people to create sexualized and nonconsensual images of others — including minors. Amid widespread backlash, xAI put some restrictions in place on the...

Bridging Skill Gaps for the Future: New Jobs Creation in the AI Age

By Florence Jaumotte, Jaden Kim, David Koll, Elmer Z. Li, Longji Li, Giovanni Melina, Alina Song & Marina M. Tavares The demand and supply of new skills—especially in IT and AI—are reshaping labor markets, impacting wages and hiring. About 1 in 10 job vacancies in advanced economies demands at least one new skill, often appearing first in the United States. The incidence is about half of that in emerging market economies. These skills boost average wages and employment but deepen...

December 2025

UK. Pensions dump US equities over AI fears

Is an AI bubble on the horizon? Some of the UK’s biggest pension funds think so and are cutting back their exposure to US equities as a result. Schemes managing more than £200bn in assets for millions of British savers told the Financial Times they had been shifting allocations to other geographical regions or adding protection against a potential fall in stock prices in recent months, write Josephine Cumbo and Mary McDougall. The moves come as the tech-heavy Nasdaq Composite index...

November 2025

US. State And Local Pensions Must Confront AI’s Systemic Risks

Stock prices are soaring due to investor enthusiasm about the potential for Generative AI to transform the economy. Dismissing concerns about GenAI’s lack of profitability to date, many investors are celebrating. But pension fiduciaries, charged with protecting the financial security of workers and retirees, do not have the luxury of complacency. Their duties of prudence and loyalty require assessing and mitigating risks, and GenAI unquestionably poses portfolio-wide risks. One of those risks is the U.S. tech industry’s approach to...

October 2025

World’s largest sovereign wealth fund returns 5.8% amid AI optimism

Norway’s $2 trillion sovereign wealth fund — the largest of its kind in the world — on Wednesday reported a 5.8% return during the third quarter, powered by strong stock market gains and AI optimism. Norges Bank Investment Management (NBIM) manages the fund on behalf of the Norwegian population. Set up in the 1990s to invest excess revenues from Norway’s oil and gas industry, the enormous Government Pension Fund Global is currently invested in assets across 70 countries, including almost 9,000 companies. Its...

September 2025

The Impact of Job Exposure to Artificial Intelligence on the Korean Labor Market in 2020

By Yeseul Lee & Hyeonjun Hwang This study examines the impact of artificial intelligence exposure on wage and employment outcomes in the Korean labor market in 2020. We propose the Artificial Intelligence Exposure Score (AIES) by integrating 27,921 Korean AI patents from 2011 and 2020 with O*NET task descriptions through Sentence-BERT natural language processing techniques. This approach creates occupation-level exposure measures that reflect Korea-specific innovation patterns. Using data from the Korean Labor and Income Panel Study (KLIPS), we estimate log-linear...

The world’s largest pension funds – 2025

The global top 300 pension funds is an annual study conducted by the Thinking Ahead Institute, in conjunction with Pensions and Investments. The research highlights high-level trends in the pension fund industry and provides information on how the characteristics of these top funds have changed. The world’s top 300 pensions funds now stand at a record US$ 24.4 trillion This surpasses the previous record set in 2021, completing a three year recovery Yet asset growth slowed in 2024, increasing by 7.8% from...

The Future of Labour: How AI, Technological Disruption and Practice Will Change the Way We Work

By Anthony Larsson & Andreas Hatzigeorgiou The Future of Labour: How AI, Technological Disruption and Practice Will Change the Way We Work is an anthology that offers a forward-looking exploration of how artificial intelligence (AI), digitalisation and technological transformation are reshaping the future of work. Through a series of studies conducted by scientists and industry professionals, this volume takes a deep dive into many of the issues related to new policies, AI and the digital transformation’s anticipated impact on the labour market....