December 2025
23Dec

Cananea Mine Strike Ends After 18 Years, Agreement Reached

After nearly two decades, the labor conflict at the Cananea mine has come to an end, as miners from Section 65 of Mexico’s National Miners’ Union unanimously approved a final agreement providing long-awaited compensation, access to social security and pensions, and a comprehensive resolution for more than 650 workers and their families. According to Section 65, the assembly unanimously endorsed the agreement, which followed negotiations involving the union, the federal government, the Ministry of the Interior, the Ministry of Labor and...

December 23, 2025
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19Dec

Lost Pensions, Lost Pensioners: Is a National Registry of Pension Plans the Answer?

By David P. Blake & John A. Turner In the United States and other countries, many retirees face great difficulties in tracing their former employers in order to apply for a pension to which they are entitled. At the same time, pension plans have trouble tracking down pensioners with whom they have lost contact. The problem of lost pensions and lost pensioners was also prevalent in the United Kingdom, but in 1991 the British government established a national registry of...

December 19, 2025
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18Dec

Germany. Bundestag Passes Second Act Strengthening Company Pensions

The aim of the BRSG II is the necessary expansion of company pension schemes in Germany and it contains important new regulations. The Act will come into force in several stages from 1 January 2026. The most important points are summarised here. Following lengthy deliberations, which were also delayed by the new Bundestag elections, the Bundestag passed the BRSG II on 5 December. In particular, the Act includes options for introducing opting-out systems at company level, higher settlement caps for...

December 18, 2025
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03Dec

​Sweden’s FI launches probe into costly individual occupational pensions

The Swedish financial watchdog is launching a new investigation into the cost of individual occupational pension products, after its government-mandated investment costs mapping exercise revealed these to be considerably more expensive than their collectively-agreed counterparts. The Swedish Financial Supervisory Authority (Finansinspektionen, FI) yesterday announced the probe as it published a 50-page report into fees and distribution in the Swedish mutual funds market. FI said: “Customers of big banks often pay more in fund fees, yet 85% of private savings are made...

December 3, 2025
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October 2025
02Oct

US. Amid Higher Funded Status, Pension Plans Consider Their Options

The assets of the 100 largest corporate defined benefit pension plans rose by $8 billion in August to $1.29 trillion, and the funded ratio of DB plans increased for the fifth consecutive month to 106.2%, according to data from Milliman. “[The current level of funding] is a significant milestone in the DB space, as the surplus funding gives plan sponsors more options for how to proceed with their plan, whether they want to continue operating their plan on a [liability-driven investment]...

October 2, 2025
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01Oct

Pilots at Germany’s Lufthansa set to strike over pension plans

Pilots at German airline Lufthansa have voted overwhelmingly to go on strike over the company's pension plans, the Cockpit Association said on Tuesday. A spokeswoman for the union said a clear majority of members voted in favour of industrial action, which is set to affect the core Lufthansa Airlines brand and its freight subsidiary Lufthansa Cargo. The strike comes after union representatives and management failed to reach an agreement on pensions for the group's 4,800 pilots. No dates have yet been announced...

October 1, 2025
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September 2025
11Sep

US. Frozen Pensions Are Sitting on Billions. Sponsors Want Access.

With billions of dollars locked in overfunded U.S. corporate pensions, the companies sponsoring these plans are actively exploring ways to unlock that capital (albeit at different rates of speed). Investment consulting giants are seeing strategies that range from funding lump-sum payouts to pursuing full plan terminations. As the average pension plan has crept into overfunded territory, Matt Maloney, a senior partner at Aon Wealth, sees sponsors taking three approaches: holding the surplus as a buffer, funding partial lift-outs or a...

September 11, 2025
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11Sep

UK. Life on a Low Pension – the growing problem of financial insecurity in retirement

The Living Wage Foundation’s Living Pension is an independently calculated savings target, based on the real cost of living, designed to provide an acceptable standard of living in retirement when combined with a full UK State Pension income. It is based on a yearly contribution of 12 per cent of all earnings to an employee’s pension pot, or £2,950 of savings in 2024/25, with at least 7 per cent coming from the employer. Over 80 per cent of workers with a Defined Contribution pension are...

September 11, 2025
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10Sep

Shell outsources pension investment to Goldman in $40bn multi-country deal

Goldman Sachs Asset Management has landed one of the biggest fiduciary management mandates in a multi-country deal with oil giant Shell. The company has agreed to take over the management of approximately $40bn (£29.5bn) of assets, including the main UK defined benefit scheme, the £11.1bn Shell Contributory Pension Plan. The total consists of separate awards from Shell pension entities in six different jurisdictions, including the UK, Germany, and North America, according to a press release from Goldman Sachs Asset Management (GSAM)....

September 10, 2025
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03Sep

Colgate-Palmolive reaches $332-million settlement with employees over pensions

Colgate-Palmolive (CL.N), opens new tab agreed to pay $332 million to settle a long-running class-action lawsuit accusing the consumer products company of making mistakes in calculating its employees' pensions. A preliminary settlement covering 1,177 employees was filed on Friday night in Manhattan federal court and requires a judge's approval. Employees would receive about $232.7 million after lawyers' fees and expenses are deducted. Make sense of the latest ESG trends affecting companies and governments with the Reuters Sustainable Switch newsletter. Sign up here. The case had its...

September 3, 2025
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