June 2025
25Jun

UK. Govt urged to adopt relative pension adequacy measure over ‘pounds and pence’ approach

The government has been urged to adopt a relative pension adequacy measure, rather than a 'pounds and pence approach', with analysis from Hargreaves Lansdown suggesting that relative measures better reflect the income needs of different groups. The research from Hargreaves Lansdown, in partnership with Oxford Economics, looked at four different ways to measure pension adequacy, revealing that there are "clearly" challenges with all of the approaches. In particular, the research found that whilst 'pounds and pence measures', such as the Pensions...

June 25, 2025
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25Jun

Vietnam: New social insurance law introduced

To increase long-term participation, Vietnam will introduce new social insurance laws from 1 July. Under the new social insurance law, workers who stop participating in social insurance can claim a lump-sum payout only if they meet specific conditions. The changes aim to increase long-term participation in the social insurance system and encouraging workers to opt for pensions instead of lump-sum payments. These include reaching retirement age with less than 15 years of contributions, emigrating from Vietnam, suffering from serious illnesses such...

June 25, 2025
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23Jun

‘Good news’: Australians tipped to be $125k better off in retirement

The average young Australian is tipped to be $125,000 better off in their retirement simply by staying in the workforce, a major superannuation fund reveals. Australian Retirement Trust says the rise in the superannuation guarantee over the last five years is “good news” for Australian workers who will have more in their retirement nest egg. Under changes to the superannuation guarantee proposed by the Rudd government and enacted by the Morrison government, every working Aussies superannuation rate automatically went from 9.5...

June 23, 2025
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20Jun

Transgender seniors worry about retirement, old age amid wave of anti-trans legislation

By Andrew DeMillo, Lynne Sladky & Laura Bargfeld Rajee Narinesingh faced struggles throughout her life as a transgender woman, from workplace discrimination to the lasting effects of black market injections that scarred her face and caused chronic infections. In spite of the roadblocks, the 56-year-old Florida actress and activist has seen growing acceptance since she first came out decades ago. “If you see older transgender people, it shows the younger community that it’s possible I can have a life. I can live...

June 20, 2025
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19Jun

UK. HoL committee raises concerns over potential mandation and regulatory overlaps

An increase in savings into pension funds may increase the amount of investment available for productive assets, the Financial Services Regulation Committee has found, although concerns around mandating pension fund investments remain. As part of its inquiry on the progress made in driving UK regulators to support growth, both in the financial services sector and in the wider UK economy, the committee received evidence suggesting that the UK pension sector is "fragmented" and underinvests in productive domestic assets due to...

June 19, 2025
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13Jun

Hong Kong’s gig economy workers want industry regulated. Can city deliver?

Hong Kong food delivery rider John Lam* cannot afford to make a single mistake while working. The 40-year-old takes extreme care while delivering orders on his motorcycle, knowing that if he has a work-related accident he will receive few employment benefits and minimal compensation. “I understand that being highly responsive to my phone can lead to more orders. But for safety reasons, I only handle my phone when my vehicle has completely stopped,” said Lam, who delivers food for the city’s...

June 13, 2025
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05Jun

PensionsEurope and EFAMA warn against slashing sustainability rules

PensionsEurope has urged EU lawmakers not to weaken the bloc’s sustainability reporting rules, and to pause a review of the Sustainable Finance Disclosure Regulation (SFDR) until there is clarity on the future of the green taxonomy. The trade association today published its official position on the EU’s ‘omnibus package’, which seeks to cut back Europe’s sustainability disclosure and due diligence requirements to make them more business friendly. While PensionsEurope agreed that current reporting obligations are too burdensome, it warned that some of...

June 5, 2025
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05Jun

UK Government promises sweeping changes under the Pension Schemes Bill

The government today published the Pension Schemes Bill, setting out a raft of legislative changes it believes will bring about pension reform, the bill sets out the framework to consolidate pension schemes to create ‘megafunds’ of at least £25 billion to drive economies of scale and more pension scheme investment in UK plc, as set out under the government’s recent Pension Investment Review. Rachel Vahey, head of public policy at AJ Bell, comments: “With the publication of the Pension Schemes Bill, the government is...

June 5, 2025
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04Jun

Mongolia. Draft Law on Private Supplementary Pensions to Be Submitted

During its regular session on June 4, 2025, the Cabinet of Mongolia discussed the draft Law on Private Supplementary Pensions and decided to submit it to the State Great Khural (Parliament) of Mongolia. The draft Law is designed to regulate the implementation of private supplementary pension programs, the accumulation of supplementary pension funds, investment of pension funds, provision of private supplementary pensions, inheritance of pensions, the creation of databases, monitoring, and the protection of stakeholders' rights and interests. The adoption of the Law...

June 4, 2025
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May 2025
29May

UK. Reeves outlines plan for £25bn pension ‘megafunds’

The government has fleshed out its plans for reforming the UK pension industry, including the creation of £25bn "megafunds" which will be instructed to make a portion of their investments locally to help fuel economic growth. The chancellor said the overhaul, designed to follow the example of Australia and Canada's huge pension investment funds, would also boost people's pension pots. "These reforms mean better returns for workers and billions more invested in clean energy and high-growth businesses," Rachel Reeves said. Read also:...

May 29, 2025
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