July 2025

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...

May 2025

Decoding Pension Funds: Sustainability Indicators for Annual Report Analysis

By Leticia Martins Medeiros, Clea Beatriz Macagnan & Rosane Seibert Pension funds' growth highlights the need to emphasize fiduciary duty and investment sustainability, considering the current and future participants' interests (priority stakeholders) and systemic risk reduction (environmental, social, economic, and governance effects). Therefore, this study builds sustainability indicators based on the interests of pension fund stakeholders. The methodology comprised five stages: the first consisted of analyzing Annual Information Reports to create a preliminary list of indicators; the second involved examining...

April 2025

Brasil investiga fraude de pensiones que robó 1.000 millones de dólares a jubilados

La policía federal de Brasil investiga un esquema que desvió más de 6.000 millones de reales (1.050 millones de dólares) de pensiones pagadas por el Instituto Nacional del Seguro Social, informaron autoridades el miércoles. La investigación gira en torno a 11 organizaciones que operaron entre 2019 y 2024, informaron las autoridades a los periodistas. El esquema incluía a jubilados listados como miembros de asociaciones que recaudaban parte de sus pensiones mensuales como cuotas para las organizaciones. Sin embargo, los jubilados...

Brazilian police probe a pension fraud scheme that stole $1 billion from retirees

Brazil 's federal police said Wednesday they are investigating a scheme that diverted over 6 billion reais ($1.05 billion) from pensions paid by the National Social Security Institute. The probe targets 11 organizations that operated between 2019 and 2024, authorities told reporters. The scheme had retirees listed as members of associations that collected part of their monthly pensions as fees for the organizations. However, the retirees had never joined such associations nor authorized the deductions. As part of the probe, the president...

Spain. AIReF’s evaluation of the pension reform: first match ball saved, but with big challenges on the horizon

At the end of March, the Independent Authority for Fiscal Responsibility (AIReF) published its estimate, as was its mandate, of the average impact during the period 2022-2050 of the new revenue measures introduced as part of the pension reforms and other economic measures implemented since 2020 in order to fund the pension system.1 This estimate was the last missing piece needed to determine whether the expenditure rule previously agreed between the government and the European Commission within the framework of the...

EIOPA launches liquidity stress test of European pension funds

The European Insurance and Occupational Pensions Authority (EIOPA) has launched its fifth stress test of European occupational pension funds, assessing the impact of two adverse economic scenarios on the liquidity position of IORPs and the overall sector. The two scenarios simulate sharp increases and declines in interest rates, respectively. “In the ‘yield curve up’ scenario, EU interest rates increase sharply as market participants anticipate economic developments related to the abrupt escalation of geopolitical tensions,” said EIOPA. “These geopolitical tensions cause disruptions in...

March 2025

México. Regresa el trámite del certificado de supervivencia y será requisito para cobrar las pensiones de todo el país

El Instituto Mexicano del Seguro Social (IMSS) y el Instituto de Seguridad y Servicios Sociales de los Trabajadores del Estado (ISSSTE) son las principales instituciones de seguridad social en México y responsables de la entrega de pensiones. Sin embargo, algunos beneficiarios deben presentar la fe de vida para continuar recibiendo su pago. En particular, un grupo de adultos mayores está obligado a cumplir con el certificado de supervivencia, un trámite indispensable en la actualidad. De no realizarlo, las autoridades podrían suspender el depósito correspondiente. Consulta los detalles de este requisito y asegúrate de cumplir...

Alertan sobre intentos de fraude relacionados con los retiros de Afore

Recientemente, la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar) ha emitido una advertencia sobre un nuevo tipo de fraude relacionado con los trámites de retiro o gestión de fondos de las Afore. Este intento de estafa ha ganado terreno entre algunos usuarios del Sistema de Ahorro para el Retiro (SAR), quienes buscan obtener acceso a sus ahorros a través de procedimientos que, lejos de ser legítimos, ponen en riesgo tanto sus fondos como su información personal. La Consar alertó a los trabajadores mexicanos sobre anuncios o contactos...

Alerta en la UE por el “insuficiente” control en el reparto de los fondos europeos en España

Tirón de orejas del Tribunal de Cuentas de la Unión Europea a España por la falta de control en el reparto de los fondos europeos. El organismo comunitario considera que los controles de los fondos de recuperación Next Generation han sido «insuficientes» para asegurar que el reparto se ciñe a las reglas sobre licitaciones públicas y ayudas estatales. Así lo constata en su último informe censor, en el reconoce que aunque los controles que efectúa la Comisión Europea han mejorado desde 2021, denuncian...

February 2025

UK. DWP Fraud Crackdown: Bank Data Access and Travel Monitoring Spark Debate

Wide-ranging new powers, including access to bank data and collaboration with outside organisations like airlines, are expected to be granted to the Department for Work and Pensions (DWP) in order to combat benefit fraud. Critics caution that these tactics could result in widespread surveillance and the degradation of civil freedoms, despite the government’s insistence that they target fraudsters. The Public Authorities (Fraud, Error and Recovery) measure is a new measure that aims to modernise the DWP’s information-gathering capabilities so that...