February 2025
12Feb

Global pension assets climb to record $58.5 trillion

Global pensions assets rose by 4.9% year-on-year in 2024, reaching a record USD 58.5 trillion, led by growth in the largest DC markets, according to the Thinking Ahead Institute’s (TAI) latest Global Pension Assets Study. This compares to USD 55.7 trillion at the end of 2023, when the same study by the TAI measured a return to growth after the sharp fall in global pension assets in 2022. Despite the rise in overall assets, there are significant differences between regions. The US...

February 12, 2025
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04Feb

UK. £35 million added to State Pension pots

Only two months left to boost State Pension by filling gaps in National Insurance records from 2006 onwards Since the launch of the digital service last April, 37,000 people have topped up more than 68,000 years, worth £35 million People wanting to maximise their State Pension by plugging gaps in their National Insurance record have contributed to a total of 68,673 years, worth £35 million, using the online service since April last year HM Revenue and Customs (HMRC) has...

February 4, 2025
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January 2025
30Jan

More Nigerians transfer pension savings into mortgage

More Nigerians  are relying on their pension savings to acquire residential mortgage as the number of Retirement Savings Account, RSA, holders that transferred part of their pension savings into residential mortgage increased by 65.03 per cent quarter on quarter, QoQ, to 3,804 in the third quarter of 2024, Q3’24 This form of transfers recorded 2,305 in the second quarter of 2024, Q2’24. According to the Pension Industry Performance Dashboard released by the National Pension Commission, PenCom, yesterday, the value of funds transferred in...

January 30, 2025
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17Jan

Pension reform and wealth inequality: Theory and evidence

By Torben M. Andersen, Joydeep Bhattacharya, Anna Grodecka-Messi & Katja Mann A growing literature explores reasons for rising wealth inequality, but is mostly silent on the role of pension systems despite their well-understood influence on life-cycle savings. This paper develops a simple life-cycle model to lay bare the primary theoretical mechanisms connecting pension systems, asset accumulation, and the wealth distribution. Mandated fully-funded plans transform individuals with lower incomes, often characterized as low savers, into asset owners, and may also imply...

January 17, 2025
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14Jan

Romanian private pension fund assets jump 19% in 2024 on year

Assets held by Romania's seven mandatory private pension funds jumped 19% on the year to 150.85 billion lei ($31.15 billion) in 2024, with the average yield at 5.74%, slightly above the 5.1% annual inflation rate, the industry association said on Tuesday. The European Union member state overhauled its communist-era pension system in 2008, making it compulsory for working Romanians under 35 to contribute to a "second pillar" of private pension schemes as well as their state pension. Roughly 8.3 million Romanians...

January 14, 2025
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10Jan

Pensions Investment Review: Unlocking the UK pensions market for growth

By Department for Work and Pensions & HM Treasury In July 2024 the Chancellor announced a landmark Pensions Review, the first phase of which was purposed with exploring new ways to boost investment, increasing saver returns and tackling waste in the pensions system. The joint HM Treasury-Department for Work and Pensions Minister Emma Reynolds MP was asked by the Chancellor to lead the first phase of the review, which is focussed on four specific areas. Get the report here

January 10, 2025
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09Jan

Why millions of young Chinese are refusing to make pension payments

China’s pension system is in danger of running out of cash within a decade due to severe underfunding. Now it faces a new threat: Tens of millions of mostly young workers are refusing to pay into it. On today’s Big Take Asia Podcast, host K. Oanh Ha talks to Bloomberg’s Qianwei Zhang about why workers are boycotting the system and what’s at stake for the struggling economy and the Communist Party. Here is a lightly edited transcript of the conversation: Gao Pengcheng...

January 9, 2025
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December 2024
19Dec

US Pension Plans Set to Increase Contributions in 2025

Approximately 58% of pension funds in the U.S.—including public, corporate and multi-employer plans—reported that their funded status increased in 2024, according to a survey of pension fund professionals commissioned by Ortec Finance. Approximately 30% of plans reported that their funding status is unchanged, while 12% said their funding status decreased this year. While funded status is generally increasing, more than two-thirds (68%) of respondents said they will or are likely to increase contributions this year. According to Ortec Finance, of the...

December 19, 2024
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06Dec

Household Saving in Japan: The Past, Present, and Future

By Charles Yuji Horioka This paper explores the determinants of the level of, and trends over time in, Japan’s household saving rate, with emphasis on the impact of the age structure of the population, and makes projections about future trends therein. The paper finds that Japan’s household saving rate has not always been high either absolutely or relative to other countries and that it was only during the 1961-86 period that it exceeded 15%. Past and future trends in Japan’s...

December 6, 2024
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04Dec

US. Gen X investors ‘sandwiched’ between caregiving responsibilities and preparing for retirement

Retirement is right around the corner for some Gen X investors, but are members of the “sandwich generation” – tasked with caring for both children and aging family members – prepared? According to a new survey from Nationwide, one in five are unable to save for retirement, and 23% have reduced or stopped making retirement contributions entirely. What’s more, one in six are withdrawing from retirement accounts or investments to manage the financial pressures of caring for both their parents...

December 4, 2024
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