November 2025
19Nov

Milliman analysis: Competitive pension risk transfer cost declines to 100.1% during October

Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI). During October, the estimated cost to transfer retiree pension risk to an insurer in a competitive bidding process decreased from 100.5% to 100.1% of a plan’s accounting liabilities (accumulated benefit obligation, or ABO). That means the estimated retiree PRT cost is now 100.1% of a plan’s ABO. During the same time period, the average annuity purchase cost across all insurers...

November 19, 2025
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14Nov

UK. Most over-50s factoring risk into pension decisions

Research findings around pensions often emphasise the need for people to save and engage more with their pots and retirement planning. Savers not setting aside enough or having little knowledge of pensions are some of the conclusions that such surveys and analyses often draw attention to. Research from Aviva this year, for example, found a notable gap between levels of perceived and actual knowledge around pensions. While more than half of people (53 per cent) described themselves as knowledgeable about pensions, only a third...

November 14, 2025
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07Nov

Hidden in Plain Sight: Physical Risk in Asset Owners’ Portfolios

By Xinxin Wang, Jascha Lehmann, Russ Bowdrey & Lisa Eichler Corporate asset locations are a critical source of financial-risk intelligence for investors. More so when coupled with powerful overlays related to physical climate risk. MSCI’s new study, conducted in collaboration with Swiss Re Risk Data Solutions, analyzed more than 11,000 companies and 500,000 physical assets underpinning the listed-equity portfolios of 18 leading asset owners, representing USD 4 trillion in AUM. Location isn’t just geography, it’s financial risk exposed. The location of companies’...

November 7, 2025
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05Nov

U.S. pension giants exposed to risky assets: Fitch

U.S. defined benefit (DB) pension plans are increasingly exposed to private credit and other risky alternative assets that could lead to funding troubles that ultimately strain government finances too, says Fitch Ratings. In a report issued Monday, the rating agency said that in the wake of the global financial crisis, sponsors of public DB pensions took a variety of steps to improve the their plans’ solvency, such as increasing contribution rates, reducing benefits to new employees and adopting more conservative...

November 5, 2025
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05Nov

Ireland risks major fiscal challenge from ageing population, finance ministry says

Ireland's national debt could more than double to 148% of gross national income by 2065 and the budget deficit could hit 7.9% without reforms over the next decade to soften the impact of an ageing population, the finance ministry warned on Tuesday. Ireland's old age dependency ratio - those aged over 65 per 100 working-age people - is set to jump to 55.2% by 2065 from 23% in 2022, straining public finances, stagnating the labour force and suppressing economic growth,...

November 5, 2025
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04Nov

Over half of global pension holdings already exposed to physical risk

Over half (55 per cent) of global pension fund holdings are exposed to significant and active physical risks, research from MSCI and Swiss Re has found, with asset owners urged to take action now to shift from being exposed to being prepared. The survey, which analysed the portfolios of 18 of the world’s largest asset owners, found that by value, this equals 25 per cent of total equity holdings of those surveyed, with small- and mid-cap companies particularly exposed. The report...

November 4, 2025
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October 2025
23Oct

Ageing populations to reshape the future of life insurance: Swiss Re

Swiss Re, the reinsurance company based in Zurich, reports that demographic changes are set to transform the life insurance industry over the coming decades. In its latest sigma publication, the company highlights that by 2050, around one quarter of people in advanced economies will be aged 65 or older. This development, often referred to as the “Silver Economy”, is expected to redefine the types of protection and financial solutions needed as societies age. According to Swiss Re, the combination of longer...

October 23, 2025
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14Oct

Saudi Arabia Named Arab Regional Center for Social Insurance Training by ISSA

The Liaison Office for Arab Countries at the International Social Security Association (ISSA) has approved Saudi Arabia as the headquarters of the regional center for training specialists in social insurance, underscoring the Kingdom’s leading role in pension and social protection systems at both regional and international levels. The center will focus on training national and regional professionals in social insurance and pension systems, enhancing their ability to keep pace with economic and social developments, and improving the efficiency of insurance...

October 14, 2025
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09Oct

Europe’s pension system reform could bring boost to risk assets

Europe’s growing productivity gap to the US and China in particular could be closed with the help of more long-term risk capital in asset classes such as public and private equities and infrastructure to drive productive investments, according to a study authored by researchers at McGill University in collaboration with the Association of the Luxembourg Fund Industry (ALFI). In a report titled “EUROPE’S PRODUCTIVE CAPITAL GAP – Mobilising pension and household savings to scale up risk capital”, authors based at...

October 9, 2025
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07Oct

Dutch PME fund withdraws investments from Israeli companies

The Dutch pension fund PME, with assets totaling $68 billion, has divested from investments in several companies linked to activities in the occupied Palestinian territories, after classifying these holdings as potentially connected to human rights violations. A spokesperson for the fund said the decision came after “a comprehensive review and months of consultations,” noting that the affected companies include U.S. online travel company Booking Holdings, cement company Cemex SAB de CV, and telecommunications equipment firm Motorola Solutions. The spokesperson added that...

October 7, 2025
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