May 2026

Hundreds of thousands of Germans take to the streets over threat of pension and benefit cuts

In Germany, 366,000 people took part in protests against social benefit cuts. Trade unions are opposing reductions in pensions and healthcare spending. Hundreds of thousands of people took to the streets for May Day demonstrations in Germany. Participants of the rallies warned the government that they are ready to fight against cuts to pensions, social benefits, and the healthcare system, UNN reports, citing DW. "Our work first, your profit second" — under this slogan, more than 400 events were held across Germany, according...

April 2026

Nigeria: CPs – Pencom Sustains Push for States, Others

The National Pension Commission has sustained the drive for states, local governments and employers in formal sector to fully embrace the Contributory Pension Scheme, writes Ebere Nwoji One of the major headaches of the present leadership of the pension sector regulatory authority, the National Pension Commission (PenCom), is how to succeed in making every Nigerian with genuine means of livelihood enrol into the Contributory Pension Scheme (CPS). The commission said the overall aim is to ensure that at advanced age, every...

PH leads region in pension coverage, but long-term viability questioned

The Philippines is emerging as one of Asia’s “stronger performers in pension coverage,” based on data from the Organization for Economic Cooperation and Development (OECD). “It is a sign that more workers are being brought into formal social protection systems,” said Dr. Alicor Panao, an Inquirer data scientist and associate professor at the University of the Philippines. Based on population coverage, about 55.5% of working-age Filipinos ages 15-65 are enrolled in pension schemes. Across Asia, where large informal sectors often exclude workers,...

Closing the pension gap: Can AI drive informal sector inclusion

Ghana’s digital transformation agenda has, over the past decade, moved from ambition to measurable progress. Foundational systems—ranging from the Ghana Card and mobile money interoperability to digitised public services and online tax administration—have reshaped how citizens interact with the state. Beyond improving administrative efficiency, these developments have established critical building blocks for broader financial inclusion, particularly among underserved segments of the economy. According to the World Bank’s Global Findex data, over 80% of adults in Ghana now have access to...

March 2026

India. PFRDA expands pool of pension agents to widen NPS distribution

The Pension Fund Regulatory and Development Authority (PFRDA) has expanded the pool of entities eligible to act as pension agents, allowing Points of Presence (PoPs) to engage a wider set of intermediaries to distribute pension schemes, including the National Pension System (NPS). In a circular, the regulator permitted PoPs to onboard additional categories of individuals and institutions under the “any other person” clause of the PFRDA (Point of Presence) Regulations, 2018. The move builds on earlier clarifications issued in September and...

Mexico, how are we doing on retirement savings?

By México, ¿cómo vamos? Mexico is a country where half of the population is under 35 years old, 8 out of 10 people use the internet, and almost all of them connect through their cell phones. It's no surprise that the use of digital accounts has tripled in the last three years, opening up unprecedented potential for savings within the financial system. However, 54-5% of the employed population works in the informal sector, without access to social security or automatic...

HelaGo Partners with Social Security Board to Launch Pension Scheme for Sri Lanka’s Taxi Drivers

HelaGo, Sri Lanka’s emerging ride-hailing platform, has entered into a Memorandum of Understanding (MOU) with the Sri Lanka Social Security Board to introduce a government-backed pension scheme for taxi drivers, marking a significant step toward improving the long-term financial security of gig economy workers in the country. The initiative seeks to address a long-standing structural gap faced by taxi drivers, who, despite earning a livelihood during their active working years, have historically lacked access to formal retirement benefits such as...

UGM Expert Warns Pension Coverage in Indonesia Remains Limited

The Ministry of Finance projects that around 100 million Indonesians may face retirement without pension savings by 2038. This condition is considered a serious alarm for the national labor system. Several factors contribute to the public’s lack of pension savings: most people set aside only about 3 percent of their income, whereas financial security standards recommend at least 10 percent. Meanwhile, the current pension security scheme still has limited coverage, particularly for the informal sector. As a result, many people...

Why Social Security Is Essential to Measuring Wealth Inequality

By Knowledge at Wharton Staff In this Q&A, professor Sylvain Catherine discusses why including Social Security fundamentally changes how we measure wealth inequality. His paper “Social Security and Trends in Wealth Inequality” was co-authored by Max Miller and Natasha Sarin and recently won the Dimensional Fund Advisors First Prize from the American Finance Association. The paper was previously awarded the Marshall Blume Prize in Financial Research from Wharton’s Rodney L. White Center for Financial Research, given annually to the best...

Nigeria. PenCom targets one million informal women for pension

The National Pension Commission has officially launched an ambitious drive to enrol one million women into the Personal Pension Plan, marking a significant shift in its strategy to extend financial security to Nigeria’s vast informal sector. The initiative was unveiled by the Director-General of PenCom, Ms Omolola Oloworaran, during an outreach campaign held to commemorate International Women’s Day on Tuesday in Lagos. Speaking to market women and entrepreneurs at Mile 12 Market in Lagos, she highlighted the urgent need to bridge...