February 2026

Mission Driven Public Sector Pension Investment Board

By PSP Investments  Our mission inspires us. Together with our mandate. it shapes how we invest. We focus on the long term and seek to caretully consider sustainability-related risks and opportunities that may affect long-term value creation and the resilience of our portfolio. We are progressively embedding accountability for sustainability across the organization. As we proceed, we are learning and evolving our strategies with the aim of reaching better investment outcomes and improving our ability to deliver on our mandate. This report...

January 2026

The Bulgarian Pension System: Caught Between Adequacy And Sustainability

By Jean-Jacques Hallaert During the COVID-19 pandemic, the Bulgarian authorities increased pensions substantially to support pensioners’ living standards and aggregate demand. These increases have become permanent and improved the adequacy of pensions. However, not matched by revenue measures, they have widened the deficit of the pension system. Reforms that increase the incentives to contribute to the pension system and thus revenue would improve the financial sustainability of the pension system and reduce fiscal risks. Source SSRN

Scaling Sustainable Investing in Emerging and Developing Economies: Frictions and Opportunities

By Caroline Flammer, Thomas Giroux & Geoffrey M. Heal Mobilizing private capital at scale is critical for financing sustainable development, particularly in emerging and developing economies (EMDEs), where capital is most needed. We conduct a global survey of senior investment decision-makers across a broad spectrum of capital providers, including asset managers, pension and sovereign wealth funds, development finance institutions, philanthropic investors, and others. The survey provides novel evidence on investors’ risk-return expectations, risk perceptions, and investment practices in EMDEs and...

Decoding Pension Funds: Sustainability Indicators for Annual Report Analysis

By Leticia Martins Medeiros, Clea Beatriz Macagnan & Rosane Maria 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...

Ghana. Retirement Research Centre backs 10% pension hike

The African Centre for Retirement Research (ACRR) has welcomed the 10 per cent pension increase for 2026, describing it as a policy decision that aligns with global best practices while safeguarding the long-term sustainability of Ghana’s pension system. Speaking on the adjustment, Executive Director of the Centre, Mashud Abdallah, said the structure of the increase reflects a careful balance between improving benefits for retirees and maintaining the financial health of the scheme. For 2026, pensions have been adjusted using a hybrid...

December 2025

OECD Warns Mexico’s New Pension Fund Lacks Long-Term Stability

The Organisation for Economic Co-operation and Development (OECD) has raised concerns about the long-term financing of Mexico’s Pension Fund for Well-being (FPB), warning that the program depends on temporary resources that may not be sustainable. In its Pensions at a Glance 2025 report, the OECD noted that the FPB is funded through various sources, many of which involve one-time transfers. As a result, “it is not clear how the financing measures planned for this complement will be able to cover...

November 2025

Rapidly ageing populations will continue to put pressure on pension systems

Population ageing due to lower birth rates and longer life expectancies will continue to raise fiscal pressures on pension systems at a time of high public debt and competing spending needs, according to a new OECD report. OECD Pensions at a Glance 2025 shows that populations across the OECD will age fast over the next 25 years: there will be 52 people aged 65+ for every 100 people aged 20-64 by 2050, up from 33 in 2025 and only 22 in...

South Africa. Military veterans pension “collapsing”

South Africa’s military veterans were promised dignity, stability, and financial relief through the Military Veterans Pension. Instead, thousands remain trapped in poverty and uncertainty as the Department of Military Veterans (DMV) and the Government Pensions Administration Agency (GPAA) preside over one of the most dysfunctional benefit rollouts in post-apartheid history, according to the Amalgamated Veterans of South Africa (AVSA). Ernest Lintnaar, CEO of AVSA, said what was meant to uplift veterans has become a crisis of unlawful deductions, lost files,...

Belgium braced for three-day national strike over budget cuts

Belgium on Monday braced for three days of nationwide strikes called by unions to protest the government's proposed budget cuts and reforms to the pension system. The strikes are taking place in three waves. Trains and public transport begin striking Monday, with national railroad company SNCB expecting to run two out of three trains, or just one out of three on some lines. Several Eurostars linking Brussels to Paris have been cancelled. On Tuesday, public services such as schools, creches, and hospitals join the...

October 2025

Japan’s GPIF underlines impact shift in sustainability report

Japan’s Government Pension Investment Fund (GPIF), the world’s largest pension fund with ¥260trn (€1.5trn) in assets under management, has taken a further step towards adoption of a more impact-oriented investment strategy with the publication of its latest ‘Sustainability Investment’ report. The name change for an annual publication previously known as an ESG report seeks to entrench GPIF’s move towards a more sustainability-linked investment strategy that considered social and environmental impact in addition to ESG-related measures. The shift in thinking was signalled in policies...