May 2025
23May

Decoding Pension Funds: Sustainability Indicators for Annual Report Analysis

By Leticia Martins Medeiros, Clea Beatriz Macagnan & Rosane Seibert Pension funds' growth highlights the need to emphasize fiduciary duty and investment sustainability, considering the current and future participants' interests (priority stakeholders) and systemic risk reduction (environmental, social, economic, and governance effects). Therefore, this study builds sustainability indicators based on the interests of pension fund stakeholders. The methodology comprised five stages: the first consisted of analyzing Annual Information Reports to create a preliminary list of indicators; the second involved examining...

May 23, 2025
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23May

US. House passes reconciliation bill that cuts federal employee retirement benefits

The House voted 215-214 along party lines early Thursday morning to pass its budget reconciliation package that includes a slimmer range proposed cuts to federal workers’ retirement benefits. The bill now heads to the Senate for consideration. Last month, the House Oversight and Reform Committee advanced its portion of the bill, which would cut federal spending to partially pay for tax cuts for the wealthy and increased immigration enforcement. The measure included provisions requiring employees previously exempted from higher Federal Employees...

May 23, 2025
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21May

Donald Trump considers order to open US retirement plans to private equity

Donald Trump’s administration is debating an executive order that could open the nearly $9tn US retirement market to private capital groups focused on corporate takeovers, property and other high-octane deals. The order would instruct agencies such as the departments of labour and Treasury and the Securities and Exchange Commission to study the feasibility of opening 401k plans, a primary vehicle for US retirement savings, to the private funds, according to four sources familiar with the talks. Trump opened the door for...

May 21, 2025
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19May

UK. State pensioners must obey DWP holiday rule or face ‘being taken to court’

State pensioners are being warned to obey a little-known Department for Work and Pensions ( DWP ) rule if they're heading out on holiday this year. Pension Credit claimants may not realise they need to inform the DWP if they plan to holiday outside mainland UK for any duration this year. A question in the DWP FAQ online asks: "Can I leave Great Britain and keep getting Pension Credit?" The DWP states: "We may pay Pension Credit for up to 4 weeks while...

May 19, 2025
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April 2025
30Apr

Kenyan retirees win big as govt exempts pension from tax

How Kenyan retirees will benefit In a statement on Tuesday, April 29, the State House revealed the Cabinet had approved the bill that will benefit retirees in the public and private sectors. By removing pension taxes, the government intends to improve the financial stability of retirees, allowing them to enjoy their post-work years without worrying about additional tax deductions on their pension income. "Retirees will benefit significantly as all gratuity payments, whether in public or private pension schemes, will now be fully...

April 30, 2025
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29Apr

UK pension system is at a tipping point

The UK faces a pensions time bomb that could detonate within a generation. Unlike all good suspense movies, there is not going to be a cutting of the red or blue wire in the final seconds of a digital countdown; solutions are complex, multi-faceted and wide reaching. For decades, the UK pension system has been regarded as a stable safety net, ensuring workers can retire with dignity. But beneath this illusion of security lies a crisis in the making. The combined pressures of...

April 29, 2025
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25Apr

The role of CEOs in the sustainability of defined benefit pension plans

By Joanne Horton, Paraskevi Vicky Kiosse, Maria Koumenta & Evisa Mitrou The future of defined benefit (DB) pensions is a hotly debated topic in reward management. Drawing on agency and managerial power theories, the conditions under which CEOs can affect their sustainability have been examined. We show that when the CEO is a member of the same DB plan as their employees or when the CEO is both a member and a trustee of the plan, this affects the agency and power...

April 25, 2025
Articles, Pension Management, , ,
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25Apr

US Labor Department considers overturning pension fund ESG rule

The US Department of Labor has requested that the Fifth Circuit Court of Appeals suspend litigation over a Biden-era rule that allows pension funds to consider environmental, social and governance (ESG) factors. With federal agencies now operating under the Trump administration, a number of states have attempted to overturn the Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights rule, which enables retirement fund managers to take ESG factors into account in the case of a tiebreaker between two financially...

April 25, 2025
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25Apr

UK. Bill for underpaid state pensions set to hit £1 billion

New figures from DWP suggest that the total amount of state pension arrears to be paid out by the Government because of multiple errors is set to pass the £1 billion mark this year. Following the government's plans to consolidate small pension pots, it has also published the latest update of how much has been underpaid in state pensions to date. There are two separate correction exercises currently underway. The initial correction exercise which started in January 2021 and is nearing conclusion relates...

April 25, 2025
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22Apr

‘Will Britain’s state pension still exist when I retire in 30 years?’

The debate over the state pension – such as what should happen to the triple lock – seems to entirely focus on people who are in receipt of it, or will be soon. However, it ignores people like me who are in their 30s and have no idea what it might be worth when we finally reach retirement, or when we might get it. Is there any certainty at all about whether the state pension will still exist in 30 years, or should...

April 22, 2025
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