savings Archives - Page 4 of 58 - Pension Policy International

18JunJune 18, 2026

Nigeria. Over 92% of personal pension savings accounts remain unfunded

Amidst efforts by the National Pension Commission, PenCom, to include informal sector workers in the pension scheme, the Personal Pension Plan, PPP, which caters to the informal sector, has remained stagnant. While the PPP has 215,412 registered Retirement Savings Accounts, RSAs, only 17,320 of these RSAs, which represents 8.0 per cent, have received contributions. The remaining 198,092 RSAs, which represent 92.0 per cent, are dormant. PenCom, in its fourth quarter 2025 report stated that registrations are not savings and registration without funding...

June 18, 2026

NewsInformal Sector, Nigeria, savings

17JunJune 17, 2026

US. Retirement savings set record high — but so do hardship withdrawals: Vanguard

There's some good news and some not-so-good news on the retirement front from Vanguard. Americans set aside a record amount of money in their 401(k) accounts last year, according to Vanguard's "How America Saves 2026" report. But while savings rates are up, so are the number of Americans tapping their 401(k) for emergencies. Vanguard said 6% of participants made a hardship withdrawal in 2025, the largest share ever and up from 5% in 2024. "Pressures such as inflation and rising interest rates contribute...

June 17, 2026

Newssavings, US, Withdrawals

12JunJune 12, 2026

How does private pension saving change for workers moving from employee jobs into self-employment?

By Jonathan Cribb & Laurence O'Brien Self-employed workers make up a significant part of the UK workforce, with over one-in-eight workers in self-employment. However, there are long-standing concerns about low levels of pension saving among this group: only 20% of working-age self-employed workers were saving in a private pension in 2022–23, compared with around 80% of employees (Department for Work and Pensions, 2025a). The trends in pension participation differ markedly between the two groups. In the late 1990s, almost 50%...

June 12, 2026

Books, Books, Labor Market, Reports2026, Informal Sector, Private Pensions, savings, UK

12JunJune 12, 2026

The financial well-being of retired professional athletes: debunking the myth about financial irresponsibility

By Grant Laschowski & Norm O'Reilly This research aims to investigate the financial well-being (FWB) of retired male athletes in major professional North American team sports. Framed around Kempson’s (2017) FWB Model, the aim of this research is (1) to identify the key drivers that influence how retired athletes feel about their current financial situations and (2) to assess these findings in the context of how external constituents view the FWB of these athletes. The research addressed two questions: What...

June 12, 2026

Articles, System Characterization2026, Pension design, Retirement Planning, savings

12JunJune 12, 2026

LGBTQ+ Labor Market Outcomes

By Travis Campbell & Yana Van Der Meulen Rodgers The emerging field of LGBTQ+ economics has convincingly demonstrated that LGBTQ+ individuals face distinct labor market disparities. This chapter provides an overview of their unfavorable labor market outcomes and then focuses on several specific issues for transgender workers. Previous studies show that gender-affirming care can improve mental health, whereas conversion therapy, which denies an individual's gender identity, damages mental health. An unexplored question is whether these mental health effects extend to...

June 12, 2026

Articles, Labor Market2025, Labor Market, LGBT, savings, US

12JunJune 12, 2026

UK. Pension saving plummets when employees move into self-employment

Currently, only around one-in-five self-employed workers save into a private pension, compared with around four-in-five employees. There is widespread agreement that there is an urgent need for policies addressing low pension participation among the self-employed, as recently highlighted by the Second Pensions Commission. A key potential moment for such policies is the point when employees move into self-employment. Currently, even among employees consistently saving in a pension, more than three-quarters stop saving in a pension once they start being self-employed. This...

June 12, 2026

Newssavings, UK

10JunJune 10, 2026

US. How Saving More and Starting Early Can Significantly Improve Retirement Happiness

Many retirees regret not saving enough or starting sooner, since both can shape their financial security and happiness later. Even small amounts saved early can grow significantly over time, thanks to the power of compounding interest. With longer lifespans and fewer pensions, saving more now can give you more room to enjoy retirement—not just cover the basics.Retirement has changed due to longer life spans, shrinking pensions, and rising health care costs. What was once a quiet chapter in...

June 10, 2026

NewsRetirement Planning, savings, US

08JunJune 8, 2026

Rising costs push US retirement target to $1.46 million

Survey shows retirement target jumps to $1.46 million A Northwestern Mutual survey found that Americans now believe they need $1.46 million to retire comfortably, a $200,000 increase from 2025 and matching the record high seen in 2024. The findings revealed that 46% do not expect to be financially prepared, while 48% think it’s likely they will outlive their savings. Persistent cost-of-living pressures, especially in housing, healthcare, and energy, are driving these higher expectations. Retirement comfort varies by wealth tier • Poor retirees often...

June 8, 2026

News2026, Retirement Planning, savings, US

02JunJune 2, 2026

Nigeria. Unremitted pensions: The silent threat to workers’ retirement security

For millions of Nigerian workers enrolled under the Contributory Pension Scheme (CPS), monthly pension deductions are expected to provide financial security after retirement. However, a growing challenge within the system is threatening that promise: The persistent failure of some employers to remit pension contributions deducted from employees’ salaries. Despite nearly two decades of pension reform and significant growth in pension assets, non-remittance of pension contributions remains one of the biggest compliance concerns facing Nigeria’s pension industry. The practice cuts across...

June 2, 2026

NewsNigeria, Operations, savings

01JunJune 1, 2026

Vietnam to raise pensions and social security benefits from July 1

Around 3.4 million pensioners and social insurance beneficiaries will receive an 8% increase under the government's latest social welfare measures. Vietnam will implement a series of social welfare adjustments from July 1, increasing pensions, social insurance benefits and assistance payments for millions of people as part of efforts to offset inflation and improve living standards. Under Government Decree No. 161/2026, the statutory base salary will increase from VND2.34 million ($92) to VND2.53 million ($100) per month from July 1. The adjustment...

June 1, 2026

NewsIncome, savings, Vietnam

June 2026