October 2025
29Oct

US. After 4 Weeks, How the Government Shutdown Is Affecting Retirement Plans

On Tuesday, Day 28 of the government shutdown, federal agencies and departments were unable to make important updates that, if delayed much longer, could affect retirement plans and their participants. The Internal Revenue Service, for example, operated as normal in the early days of the shutdown, but eventually needed to furlough employees and to further reduce operations as the government closure dragged on. As it stands now, the agency is unable to publish critical information that normally would be released in fall....

October 29, 2025
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24Oct

Kenya’s pension paradox: Growth amid low coverage

The third edition of the East African Pensions Conference and Expo opened in Nairobi on Thursday with a call to widen Kenyan’s pension coverage and curb old age poverty. Hosted by the Nation Media Group (NMG), the annual event has become the region’s platform for policy shifts to increase the number of East Africans saving for a pension and boost the value of payouts at retirement. Official data show more than 80 percent of senior citizens work for basic items, raising...

October 24, 2025
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23Oct

Over 7,000 Mozambicans working in South Africa will start receiving pensions, social security benefits in Mozambique

The Mozambican Minister of Labour, Ivete Alane, has announced that as of next year over 7,000 Mozambican nationals working in South Africa will start receiving their pensions in the country. According to Alane, who was speaking on Tuesday at the opening ceremony of the National Meeting on Migrant Labour, which is taking place in Macaneta, Marracuene district, southern province of Maputo, the workers will receive their social security benefits in the country, without worrying about resorting to South Africa. “The social...

October 23, 2025
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June 2025
24Jun

UK. Why the real problems of the pensions dashboard are yet to start

The pensions dashboard project's aspirations made sense a decade ago, but industry changes mean the government should focus its efforts on other aspects of pensions, writes James Floyd The ambition of the government's much-vaunted pensions dashboard has nearly been realised, but after a decade in the making, the real problems are likely still to come.  It was back in 2014 when the Financial Conduct Authority vocalised its notion of enabling consumers to see all their pension savings in one place.  With the Retail Distribution...

June 24, 2025
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04Jun

UK. Private sector providers essential to dashboards success, says ABI

Private sector dashboards must be facilitated “without delay”, according to the Association of British Insurers (ABI), to ensure savers can benefit from additional visibility and accessibility of their retirement savings. In a new report, the trade body has urged the government to support the launch of dashboards from private sector providers, including insurers. This would help reach more consumers and provide additional services beyond the current “view only” approach, it said. The government-backed MoneyHelper dashboard – run by the Money and Pensions...

June 4, 2025
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May 2025
14May

US. Bill Would Lower Retirement Plan Eligibility Age to 18

Senators Bill Cassidy (R-LA.) and Tim Kaine (D-VA.) have re-introduced the Helping Young Americans Save for Retirement Act. The bill was previously introduced last Congress in November 2023. Much like last time, the bill would reduce the participation age in ERISA-governed plans, currently set at 21 years old, to 18 years old. The purpose of the bill is to expand retirement savings to younger workers. ERISA plans would still be permitted to set a minimum age that is younger than 18. Employees...

May 14, 2025
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April 2025
25Apr

Digital Transformation of Public Pensions a Case Study of Four European Countries

By Alina Mihaela This paper delves into the pension systems of four European nations – Lithuania, Latvia, Estonia and Romania – offering a comprehensive analysis of their respective structures, digitalization efforts and potential for harnessing artificial intelligence (AI) for public benefit. It paints a vivid portrait of the various approaches to pension systems and digitalization strategies in these four European countries. It illuminates the potential of AI and technology to drive progress in the public sector, ultimately improving citizen well-being...

April 25, 2025
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February 2025
25Feb

UK. Pension transfer times continue to fall as volumes increase

Simpler pension transfers took an average of 10.5 days to complete in 2024, while the volume of transfers increased, the latest Origo data has revealed. The overall average pension transfer figure, which allows for slightly more complex transfers where providers may need to rely on third parties for additional information, was 12.3 days in 2024. It also found that around half of all transfers were completed in just under seven working days, while for the providers opted in to share their...

February 25, 2025
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17Feb

UK. The growing problem of small pension pots and why consolidation is key to better retirement savings

Urgent reform is needed to ensure individuals can manage their retirement savings more effectively. The IFS report identifies small ‘deferred’ pension pots as a major issue in the UK’s pension landscape. Nearly 20 million defined contribution (DC) pension pots worth under £10,000 are no longer being contributed to, with 12.1 million of these containing less than £1,000 (‘micro pots’). Such fragmentation complicates retirement planning for savers and increases administrative costs across the pensions industry. This growing issue not only creates unnecessary...

February 17, 2025
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January 2025
21Jan

UK’s PensionBee Calls for Greater Clarity on Pension Transfers Following Appointment of New Pensions Minister

UK’s online pension provider PensionBee recently shared comments following the appointment of Torsten Bell MP as Pensions Minister. Lisa Picardo, Chief Business Officer UK of PensionBee, commented: “We welcome the new Pensions Minister to his new role. With his extensive experience in public policy, we’re keen to see his innovative approaches that prioritise savers and bring much-needed progress to the pensions industry.” Picardo added that they are looking forward to “seeing whether Torsten Bell – with a background of campaigning for high retirement living standards –...

January 21, 2025
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