July 2025
25Jul

Population Aging and Financial Stability: An Empirical Analysis

By Hun Jang This study empirically examines the impact of population aging on financial stability. Constructing an unbalanced panel of 7,148 banks across 38 OECD countries over 27 years, we find that deeper demographic aging undermines banks’ capital adequacy and lowers their Z-Scores, thereby exerting a negative effect on financial stability. These adverse effects arise because slower growth, higher interest-expense burdens, and compressed net interest margins erode profitability, prompting banks to loosen risk standards in an effort to offset mounting...

July 25, 2025
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23Jul

Britain is facing a ‘tsunami’ of pensioner poverty, says Kendall

Britain risks a “tsunami of pensioner poverty” over the coming decades unless the system of saving for retirement is overhauled, according to Liz Kendall. At the launch of a major independent commission on the pensions system, the work and pensions secretary said growing numbers would struggle to make ends meet in old age. “Unless we act, tomorrow’s pensioners will be poorer than today’s, because people who are saving aren’t saving enough for their retirement, and crucially, because almost half of the working age population...

July 23, 2025
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21Jul

UK. Government revives landmark Pensions Commission to confront retirement crisis that risks tomorrow’s pensioners being poorer than today’s

Millions of people could benefit from a more secure retirement as the Government today [Monday 21 July 2025] revives the landmark Pensions Commission to examine why tomorrow’s pensioners are on track to be poorer than today’s and make recommendations for change. The Commission of 2006 was a huge success, building a consensus for the roll-out of Automatic Enrolment into pension saving that means 88% of eligible employees are now saving, up from 55% in 2012. However, new analysis shows that there...

July 21, 2025
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18Jul

Study shows only one in four Kenyans save for retirement

A paltry 20 per cent of Kenyans save for retirement, a new study has revealed. The research by pension fund experts at Zamara Group reveals that over 60 per cent of retirees deplete their retirement savings within the first five years after leaving formal employment. Zamara Group chief executive Sundeep Raichura said most Kenyans are not saving enough to maintain their living standards in retirement. "In Kenya, the pension schemes are paid in lump-sum and people who are used to getting regular...

July 18, 2025
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11Jul

Roadmap for Retirement: The Case for a National Pension Dashboard

By Kathryn Bush Retirement planning is getting harder for Canadians as more savings shift to definedcontribution plans, and account information is scattered across institutions. Given current financial literacy levels in Canada, many people struggle to understand what they'll have to live on in retirement. A pension dashboard could help by bringing all their retirement savings and benefits into one place. A pension dashboard is a government or government-sanctioned online tool that shows individuals all their retirement income sources-including government benefits,...

July 11, 2025
Adequacy, Articles, Savings, , , , ,
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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
Books, Books, Pension Management, Reports, , , , ,
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07Jul

US. What’s in your 401(k)? Why boomers and Gen X really need to know.

Your target-date fund might have the wrong mix for you, and new alternatives could be risky As stock and bond markets have whipsawed this year, you may be afraid to look at your 401(k) account balance. But all of the volatility actually makes this an opportune time to look under the hood of your 401(k) if you're nearing retirement or already there. The conventional retirement-investing advice is to "set it and forget it" - but at this stage of life, you...

July 7, 2025
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03Jul

Tax-free pensions may spark a new era of savings for Kenya

The recently enacted Finance Bill 2025 has introduced sweeping changes to the country’s pension and tax framework that will effectively redefine retirement planning while offering much-needed relief to workers grappling with high inflation, constrained incomes, and economic uncertainty. At the heart of the law is a bold move; to make all pensions and gratuity payments, whether in the public or private sector, fully tax-exempt. This is a significant departure from the current regime, which taxes certain pension and insurance payouts,...

July 3, 2025
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01Jul

UK. Increase in pension contributions would create tough times for small businesses

Small businesses would be forced into some tough trade-offs if pension contributions were to rise by 6%, according to a report by the Federation of Small Businesses (FSB). The vast majority (92%) of businesses would have to raise their prices, recruit fewer workers, cut profits or reduce the number of employees to cope with a doubling in pension contributions, the FSB said. The organisation called for a full economic assessment, along with a review of how workplace pension changes impact employers, before...

July 1, 2025
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June 2025
24Jun

Japan proposes significant increases in defined contribution pension plan contribution limits

Japan is proposing various increases to contribution limits for both employer-sponsored defined contribution (DC) pension plans and individual defined contribution pension plans (iDeCo). These proposed changes aim to enhance retirement income security for participants and enable more individuals to contribute meaningfully to their pension savings. Background The Ministry of Finance included these changes as part of its proposed tax reforms for 2025. At this stage, the changes are still pending consideration and have yet to take effect. If finalized, the changes...

June 24, 2025
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