June 2025
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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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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