July 2025
22Jul

Germany. Alarming Wage Statistics Indicate Increased Risk of Poverty in Retirement

The risk of poverty in retirement is on the rise in Germany, as indicated by recent statistics that reveal alarming trends. A report suggests that millions may face financial difficulties in their later years due to inadequate income levels. According to data, almost one in five individuals over the age of 65 were considered at risk of poverty last year, a figure that has been steadily increasing in recent years. A recent response from the German government to a query...

July 22, 2025
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18Jul

Developing Retirement Living Standards

By Matt Padley & Claire Shepherd The Retirement Living Standards (RLS), first published in 2019 and funded by the Pensions and Lifetime Savings Association (PLSA), set out what the public agree is needed to retire at two living standards above a minimum standard of living, based on extensive research with members of the public. The research uses the established approach to defining minimum living standards pioneered at CRSP and describes in detail what the public agree single and partnered retirees...

July 18, 2025
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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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11Jul

Roadmap for Retirement: The Case for a National Pension Dashboard

By Kathryn Bush Retirement planning is getting harder for Canadians as more savings shift to definedcontribution plans, and account information is scattered across institutions. Given current financial literacy levels in Canada, many people struggle to understand what they'll have to live on in retirement. A pension dashboard could help by bringing all their retirement savings and benefits into one place. A pension dashboard is a government or government-sanctioned online tool that shows individuals all their retirement income sources-including government benefits,...

July 11, 2025
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01Jul

Some 54% in Germany would work post-retirement to maintain lifestyle

Nearly 75% of people surveyed in Germany believe they will not be able to maintain their current standard of living when they retire, because their pensions will be insufficient and slightly more than half plan to keep working because of that. To maintain their standard of living, 54.3% of the of the 1,163 working respondents queried in a YouGov poll released on Monday, said they would be willing to work beyond the legal retirement age, mostly in part-time and up...

July 1, 2025
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June 2025
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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18Jun

UK. Focus on members amid government reform demands, LGPS urged

The Local Government Pension Scheme (LGPS) needs to retain a focus on the “day job” of providing pensions for some of the UK’s poorest paid workers, despite the significant distractions posed by government reform and other demands. Speaking at an industry conference this week, Roger Phillips, chair of the LGPS Scheme Advisory Board for England and Wales, said the government was “very interested in us” – which he warned presented a challenge to the system’s existence. “But we need to keep doing our...

June 18, 2025
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17Jun

Pensioner poverty in Europe: Which countries have the highest rates?

In most European countries, the average income of people over 65 is lower than that of the total population, according to the OECD. In several cases, elderly incomes fall below 80% of the national average, contributing to significantly high poverty rates among pensioners. So, how do these levels of financial precarity vary across Europe? In which countries do pensioners face the highest levels of poverty? And how does elderly income compare to the national average? Income poverty rates measure the proportion...

June 17, 2025
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13Jun

LGBTQ+ Americans Face Retirement Inequities

By Pension Rights Center Pride Month is observed each June to mark the 1969 Stonewall Uprising that sparked the LGBTQ+  rights movement in the United States. Celebrations are centered around building community, recognizing the progress made towards equality, and honoring those who have made that progress possible. But Pride Month is also an opportunity to reflect on the work yet to be done, including the inequities that persist when it comes to the retirement income security of LGBTQ+ older adults. According...

June 13, 2025
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06Jun

Optimal Income Redistribution

By Pavel Brendler, Eva Carceles-Poveda & Arpad Abraham We study whether a redesign of the social security and income tax-and-transfer systems can deliver significant welfare gains. Our rich quantitative model features both realistic inequality over the life-cycle and the key main channels through which redistributive policies can distort aggregate allocations. We find that there are two distinct ways to achieve significant welfare gains with joint policy reforms. The first prioritizes reducing distortions through a regressive pension system, resulting in higher...

June 6, 2025
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