July 2025
08Jul

UK regulator to develop climate transition plan template for pension funds

The UK’s pensions regulator will work with industry to develop and test a voluntary net-zero transition plan template suitable for occupational pension schemes. Announcing the move today, it said transition plans could help organisations, including occupational pension schemes, prepare for the government’s goal of transitioning the UK to a net-zero nature-positive economy by 2050. Last month, the government launched a consultation on how to take forward a manifesto commitment to introduce climate transition plans for financial institutions and FTSE100 companies. The...

July 8, 2025
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02Jul

UK. Govt urged to take ‘decisive’ action to address ‘serious’ pension risks

The government has been urged to take "decisive" action and introduce a four-point pension guarantee, after the Institute for Fiscal Studies' (IFS) pension review suggested that "serious problems" remain for the next generation of pensioners. As its review of the pension system draws to a close, the IFS, in partnership with Abrdn Financial Fairness Trust, shared its final report outlining a comprehensive roadmap for reform, which is aimed at addressing "serious challenges" facing the UK pension system and "substantial risks"...

July 2, 2025
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02Jul

US Government Reopens Discussion of Private Pension Investments Expectations

The Department of Labor has taken two recent actions that indicate where the approach to retirement investment policy may go under the new administration. Policy on the appropriate management of retirement funds has not been spared the tide of changes in the political landscape. While the language of the Employee Retirement Income Security Act of 1974 (ERISA) sets the standard for plan fiduciaries to act “solely in the interest of participants and beneficiaries,”1 the practical implications have been caught up in...

July 2, 2025
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02Jul

ESG round-up: Investors call for EU to preserve key parts of sustainable finance rules

More than 80 investors and financial institutions have called on the EU to preserve the core of the EU Sustainable Finance Framework. Key European investors supporting the statement include Allianz SE, First Sentier Investors, La Banque Postale AM, Nordea, PKA and Storebrand AM. The signatories stated that regulatory simplification can be achieved without compromising on the substance of sustainability rules or their significant benefits for businesses across the EU. They have recommended that the European Sustainability Reporting Standards – which...

July 2, 2025
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June 2025
30Jun

Nigeria. Workers’ financial insecurity deepens amid violation of Pension law

Under the Pension Reform Act, any company in Nigeria with three or more employees must participate in the Contributory Pension Scheme. While the employees contribute eight per cent of their monthly salary, the employers add 10 per cent or optionally cover full by contributing 20 per cent of the employee’s salary, with the monthly remittances routed to a Pension Fund Administrator. However, many micro and small enterprises ignore this legal requirement, which has resulted in low compliance with many...

June 30, 2025
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27Jun

The At Retirement Reckoning: Barnett Waddingham’s investigation into the UK’s retirement landscape

By Barnett Waddingham The British pensions industry is, once again, at a critical juncture. It seems every provider, regulator, and adviser is watching with bated breath as the time bomb of UK retirement saving ticks closer to detonation. And with every new day, the likely ripple effects of the impending disaster get bigger. The past 14 years of Conservative rule saw the pension landscape shift notably. The introduction of auto-enrolment in 2012 successfully widened the UK’s saving base and helped tackle...

June 27, 2025
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27Jun

Canada’s anti-greenwashing rule sparks far-reaching impact for pensions

Canadian pension giants are grappling with the complex consequences of a national anti-greenwashing rule, which could leave businesses and investors more exposed to legal challenges for issuing environmental claims in marketing materials. The law, known as the environmental provisions under the federal Competition Act, was introduced in June last year. The country’s largest pension investor, Canada Pension Plan Investment Board (CPPIB), was criticised for recently backing down from the commitment to make its portfolio and operations net zero of greenhouse gas emissions by 2050....

June 27, 2025
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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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