October 2026

UK pensions regulator presses DC schemes on value and DB trustees on surplus

The Pensions Regulator (TPR) has urged pension trustees to determine the long-term future of defined benefit (DB) schemes and prepare for new requirements on value for money and retirement income in defined contribution (DC) schemes. Speaking at an industry event, TPR chief executive officer Nausicaa Delfas said the regulator wanted to see fewer, larger, well-run pension funds delivering security and value in a pensions system geared towards providing a sustainable income in retirement. To achieve this, she urged trustees to make...

India to Hold 17th Pension Adalat for Long-Pending Pension Cases

India’s Department of Pension and Pensioners’ Welfare will convene the 17th Pension Adalat on 5 October 2026 at the Indian Institute of Public Administration in New Delhi. Chaired by Dr Jitendra Singh, Minister of State for Personnel, Public Grievances and Pensions, the session will focus on resolving 897 pending grievances lodged by super senior pensioners and family pensioners through the CPENGRAMS portal. According to the official announcement, the initiative is intended to provide a faster and less litigation-intensive route...

September 2026

UK. Inside the Pensions Regulator’s new approach to enforcement

The regulator published its new enforcement approach on its website, setting out how it will use “better data, intelligence, and market insight” to inform its actions and “identify emerging risks sooner, engage earlier, and step in before problems escalate”. In its enforcement strategy document, the regulator explained that it had developed a “more focused, agile and outcomes-driven model that is better aligned with the changing risks in the pensions landscape”. It pledged to take “decisive action” when it identifies areas of...

South Africa. FSCA puts retirement fund fees and returns under scrutiny

The regulator of pension funds, the Financial Sector Conduct Authority (FSCA), will implement a value framework to measure if the benefits and returns received by retirement funds members justify the fees paid to the funds. A value framework is a system designed to assess whether individual pension funds are delivering adequate value to their members, and can be codified in law. The announcement of a value framework was made by FSCA divisional executive for retirement funds supervision Zareena Camroodien, speaking at...

August 2026

ECB warning of AI bubble: Contagion and concentration risk spreads

Warnings of a potential AI bubble have not exactly been thin on the ground lately. All the same, a blog post on August 17 by four senior economists at the European Central Bank (ECB) garnered extra attention, thanks to its source and prognosis. “Extremely optimistic valuations raise questions: do today’s stock market prices reflect a rational bet on the transformative technology?” the blog post notes, adding that a replay of the turn-of-the-century dotcom bubble and bust is far more likely. Concentration...

Hong Kong expands AI sandbox with projects that include banks, securities and insurance

Hong Kong’s financial regulators have selected the first batch of projects for an expanded generative artificial-intelligence (GenAI) testing programme spanning banking, securities, insurance and pensions, as the city explores the use of more autonomous AI agents in financial services. A total of 36 use cases were selected for the first cohort of the expanded GenAI Sandbox++ programme, according to a joint statement on Thursday by the Hong Kong Monetary Authority (HKMA), Securities and Futures Commission (SFC), Insurance Authority and Mandatory...

South Africa’s R2.7 trillion GEPF faces growing ESG data and governance test as pension capital comes under scrutiny

South Africa’s Government Employees Pension Fund (GEPF), the country’s largest public-sector pension fund and one of the continent’s biggest pools of institutional capital, is facing a broader governance challenge over how environmental, social and governance (ESG) information is assessed, verified and incorporated into investment decisions. With the fund holding more than R2.69 trillion in assets and more than 1.2 million active members, the quality of ESG analysis applied across its investment portfolio has implications well beyond the retirement savings...

US. Retirement Plans Could Be Sharing Your Personal Data. Are You at Risk?

If you’re one of the millions of Americans saving for retirement with a 401(k) or similar account, you assume (and hope) your financial and personal information are safe. But did you know that retirement plan service providers may share or sell your personal information or use it to market other financial products and services? Today’s WatchBlog post looks at our new report on why retirement plans share data and what’s being done to protect your personal information. When and why do retirement...

UK pension fund wants a climate tipping points analysis

UK’s largest pension fund wants to understand climate tipping points UK’s Nest, the countries public workplace pension scheme, is seeking proposals to understand how climate tipping points could impact portfolio resilience. Climate scenarios such as those from the Network for Greening the Financial System (NGFS), often do not include tipping points, which are abrupt, often irreversible, changes to the Earth’s ecosystem. Some tipping points have already been breached or are close to be being breached, such as the bleaching of coral reefs. Nest...

UK. Logged in, checked out: The user experience problem pensions won’t face

The average pension app is a decade behind the average banking app. Until that changes, engagement is structurally impossible, argues PensionPay’s Archie Pritchett. Open a workplace pension app on a Monday morning – if you even have one – and in 30 seconds you can see a balance updated several weeks ago, a projection figure with no explanation attached, and a ‘change contributions’ page that ends with the words “please contact your employer”. Open a banking app, and in 30 seconds...