August 2025
25Aug

South Korea:New strategy to encourage young citizens to enrol in national pension system

The South Korean government is promoting a new policy called first-time youth national pension by supporting three months of insurance premiums for youth turning 18 years old when they first enrol in the national pension. According to the ministry of health and welfare the three months of premium payment support will be available to those between 18 to 26 years of age entering the scheme for the first time. The policy will apply to those who turn 18 in 2027....

August 25, 2025
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September 2023
29Sep

US. More Evidence Suggests State-Sponsored Retirement Plans Close the Coverage Gap

Analysis of the first state-sponsored retirement plan for uncovered workers—OregonSaves—supports earlier findings that auto-IRAs do, in fact, close the coverage gap. More specifically, a new paper examined Oregon’s program, started in 2017, which requires employers who did not offer any workplace retirement savings plans to automatically enroll employees into a Roth IRA through payroll deduction. The study assessed the impact of mandated automatic enrollment rather than voluntary automatic enrollment, enabling the examination of changes in employer behaviors for those obliged to...

September 29, 2023
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November 2022
14Nov

Jamaica. Automatic pension enrolment will save retirees

85 per cent of UK workers now pensionable vs 18 per cent in Jamaica With about 18 per cent of Jamaica's working population having a pension plan, the retirement crisis persists and this situation should be of grave concern to the Government and all taxpayers. Jamaica has an ageing population which is increasingly at risk of pension poverty, ie inadequate retirement income. As such, I am recommending the automatic or mandatory enrolment of eligible employees in a workplace pension plan. This would...

November 14, 2022
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May 2020
13May

Some insights from the ‘United Kingdom 2020: Workplace Pensions Consumer Study’

The "Workplace Pensions Consumer Research Report 2020" report has been added to ResearchAndMarkets.com's offering. 55% of all consumers have a workplace pension Over half of all consumers have a workplace pension and among consumers with workplace pensions, most (51%) have a defined contribution (DC) pension with just over four-in-ten owning a final/career average pension. 85% of adults with a workplace pension have a pension with their current employer, with 15% having legacy pensions from previous employers. This report is...

May 13, 2020
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