October 2025

Mercer CFA Institute Global Pension Index 2025 released.

The retirement systems of the Netherlands, Iceland and Denmark once again are the top three systems worldwide, according to the 2025 Mercer CFA Institute Global Pension Index. The same three topped Mercer’s 2024 report. For the first time in the 17-year history of the index, Singapore’s retirement system also received an A, the only country in Asia to achieve a rating at that level and the No. 5 system overall. Israel ranked fourth for the second consecutive year. A-grade countries offer...

2025 Global Retirement Index

By Dave Goodsell Norway has regained the top position in the 2025 Natixis Global Retirement Index, driven by its strong performance in health outcomes, low unemployment and high-income equality. Ireland surges to second place, thanks to improvements in inflation and an economic environment that supports retirement security. Since its launch in 2012, the Natixis Global Retirement Index has offered a comparative assessment of retirement security in 44 developed countries. The index evaluated 18 key indicators grouped into four subindexes: Finances in...

Later retirement expected in 2026 budget as Malaysia tackles economic pressures

Malaysians may be asked to retire five years later at 65 but should be spared any sharp tax rises in Friday’s budget, economists say, as Prime Minister Anwar Ibrahim faces an economy hampered by an ageing population, high youth joblessness and surging living costs at the halfway point of his administration. About 8 per cent of Malaysia’s 34 million population are aged 65 and older, according to government data, firmly placing the Southeast Asian nation in the ageing nation category. At the same time,...

Aging, not smartphones, drives US’s growing loneliness crisis

In a recent study in PLoS One, researchers examined how birth cohort, time period, and age shape the time that people spend alone when social media and smartphone use are widespread. Their findings show that social isolation has increased sharply over the past two decades, accelerating since the mid-2010s. However, smartphones alone cannot explain these changes, with generational differences and aging contributing to isolation. Background The U.S. Surgeon General described isolation and loneliness as a national epidemic in 2023, pointing to online...

Pension funds should invest in venture capital for climate benefits, argues report

Large European pension funds could support the development of new sustainable and digital products by investing in venture capital, argues a report by industry networks Venture Connections, European Women in VC and Pensions for Purpose. Pension funds could “channel billions into climate tech” and are “uniquely positioned to match the long timelines of the energy transition”, Pensions for Purpose chair and founder Karen Shackleton tells Sustainable Views. If European pension funds allocated 5 per cent of existing private equity investments to...

September 2025

Dutch fund PFZW reduces BlackRock ties over clash on sustainability

Dutch pension fund PFZW has stopped investing in stock funds managed by BlackRock, in part because of concerns over the U.S. firm's voting record on sustainability issues, its lead asset manager PGGM said on Wednesday. The move comes amid a wider activist campaign in the Netherlands to push the country's large pension schemes to drop managers that have reduced support for climate change-linked resolutions at company meetings. While some companies have scaled back the importance they attach to sustainability since the...

August 2025

IORPs in Focus Report 2024

By European Insurance and Occupational Pensions Authority This report outlines the latest market developments in the occupational pensions sector, with a focus on IORPs and their cross-border arrangements. A factsheet summarizing the key findings accompanies the publication, providing a visual overview of the main trends in Europe's IORP sector for interested readers. Get the report here

UK. Time for a course correction: How pension sustainability reporting must evolve

In June, the Department for Work and Pensions launched a consultation on UK sustainability reporting standards and corporate disclosure requirements – adding it would also consider whether to update the current rules for pension schemes. In this article, Tegs Harding takes a look at the current TCFD framework and asks how it could be improved. There's no doubt that the introduction of the Taskforce on Climate-Related Financial Disclosures (TCFD) regime was a milestone; It pushed climate risk onto trustee agendas...

Enhancing Financial Regulation of Green Infrastructure Investment

By Andreas (Andy) Jobst The paper examines the critical need for enhanced financial regulation to support green infrastructure investment as climate action becomes increasingly pressing. It points out that infrastructure is responsible for more than two-thirds of global greenhouse gas emissions and that climate-related disasters lead to annual losses of nearly one percent of GDP, with poorer countries being disproportionately affected. Green infrastructure plays a crucial role in reducing carbon footprints through renewable energy and low-emission transport, as well as...

July 2025

Greener Pensions, Greener Choices: Linking Investments to Sustainable Behavior

By Olga Balakina, Charlotte Christiansen & Malene Kallestrup Lamb This paper examines how offering sustainable investment options influences sustainable consumption behavior. We combine a natural experiment in which individuals receive an option to switch to a pension plan with a strong sustainability profile with detailed household register data. This sustainable option improves sustainable consumption, as reflected in electric vehicle adoption and reduced vehicle emissions. The effect is primarily driven by individuals who do not choose the sustainable plan. We show that...