July 2025
11Jul

Eiopa calls for stricter supervision of liquidity risk at pension funds

The EU pensions regulator has issued binding guidance requiring national supervisors to oversee liquidity risk at institutions for occupational retirement provision (IORPs) more closely, citing margin call risks, asset fire sales and the need for proportionate stress testing and liquidity buffers. The European Insurance and Occupational Pensions Authority (Eiopa) concluded that better supervision of liquidity risk management across institutions for occupational retirement provision (IORPs) was necessary to preserve financial system stability and ensure pension schemes could meet their obligations. In...

July 11, 2025
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11Jul

Addressing the Challenges for Asset-backed Pensions in Indonesia

By Organisation for Economic Co-operation and Development This report assesses the challenges to ensuring adequate benefits in retirement for the Indonesian population. The design of the asset-backed pension system aims to help individuals to accumulate resources to finance their retirement. However, the rules of the system may not help achieve the desired objectives, appropriate schemes or vehicles may not always be available and individuals may not necessarily make use of those available. This can lead to retirement savings gaps that...

July 11, 2025
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10Jul

US. 7 Things Retirees Need To Know About the Big Beautiful Bill Act

The One Big Beautiful Bill Act (OBBBA), signed into law by President Donald Trump over the July 4, 2025, weekend, is a sweeping multitrillion-dollar package that blends tax cuts with significant spending reductions and changes to the social safety net.1 For retirees, the new law brings both opportunities and uncertainties—from temporary tax relief on Social Security benefits to potential changes in required retirement distributions. While some provisions offer immediate benefits, others create planning challenges that could affect retirement strategies for years to come....

July 10, 2025
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10Jul

UK. BoE governor says mandating pension investments is ‘not appropriate’

The government's proposed power to influence investment decisions within defined contribution (DC) pension schemes, outlined in the Pension Schemes Bill, has faced renewed scrutiny after Bank of England governor, Andrew Bailey, cautioned that such an intervention would not be "appropriate” and require “a lot of heavy lifting". According to the Press Association, Bailey said today (9 July) that he supports structural changes in the pensions industry but rejected the idea of mandating where schemes should allocate capital, stating: “I do not...

July 10, 2025
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09Jul

US. Retirement Industry Responds to Passage of ‘Big Beautiful Bill’

The retirement industry has raised few qualms about the passage of the “Big Beautiful Bill,” but President Donald Trump’s key legislation gives the sector little to shout about, industry sources say. The new law does expand health savings accounts and makes some good on Trump’s campaign promise to not tax Social Security—it instead provides a temporary expanded deduction of up to $6,000 for those 65 or older if they make less than $75,000 per year (or less than $150,000 for...

July 9, 2025
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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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