November 2022

Chile’s Boric announces plan to end private pension system

Chile’s President Gabriel Boric on Wednesday announced his long-awaited plan to reform the country’s controversial private pension system. In a televised address, Boric said he was planning to end Chile’s Pension Fund Administrators (AFP) system in lieu of a new private-public social security system that would see new contributions from employers and the state. “The AFPs, in this reform, are finished,” Boric said, adding that new private entities would still be allowed to invest pension funds, but there will also be...

October 2021

Post-covid pension reforms in Europe should focus on sustainability – leading macroeconomic influencers

The reforms introduced in European pension systems have placed unnecessary burden on younger population. Experts opine that post-Covid reforms should focus on sustainability and equity. Linda Yueh Linda Yueh, economist at the University of Oxford, shared an article on the equity of pension systems in Europe in the post-Covid era. The ageing population in Europe resulted in the implementation of several reforms to ensure the sustainability of the pension system. Major reforms, however, were implemented following the 2007-2008 global financial crisis and...

November 2019

UK. How the new govt should reform pensions

Auto-enrolment provider the People’s Pension has published five demands on the next government to improve pension saving in the UK. In particular the provider wants the next government to help people on low incomes, reduce the gender pensions gap and to make pensions more transparent. Auto-enrolment has widely been considered a success with 10m more people now saving for retirement than did before the policy was rolled out in late 2012. But in its new manifesto, published today...