March 2025
25Mar

UK. Industry reliance on outdated technology could risk ‘stifling’ engagement

Many pension providers are still relying on outdated technology, with nearly half (41 per cent) still posting out letters, despite UK workplace pension savers wanting better digital tools to connect with their pensions, research from Bravura has revealed. The survey also found that 75 per cent of members don't have access to retirement income estimators, savings calculators or retirement goal trackers, despite savers naming all three of these technologies as their preferred tools for retirement planning. In addition to this, just...

March 25, 2025
News, Slider, ,
Read more...

February 2025
13Feb

Don’t expect AI to make pension decisions just yet, says CFA Institute

AI is steadily shaping the world of pension management, offering new efficiencies, deeper insights, and consistent challenges for pension managers, according to recent research from the CFA Institute. Genevieve Hayman, senior research affiliate at the CFA Institute, explained while AI’s role in pension management is still developing and surpassing efficiency gains, it’s not yet replacing the human decision-making process. Rather, machine learning tools are enhancing their ability to be more informed and accountable in their fiduciary duties, with AI being...

February 13, 2025
News, Slider, ,
Read more...
13Feb

Canada. How safe is your pension from climate change? A new tool could predict that — if companies use it

Corporate bean counters can now implement “landmark,” made-in-Canada environmental standards as part of their bookkeeping, to be more transparent about how profits could be affected by climate change. In December, Chartered Professional Accountants of Canada enshrined the standards in its official handbook used for preparing financial statements. Industry watchers say the push towards corporate transparency is likely to continue despite recent moves by businesses and politicians in the opposite direction. Transparency rules help the public see where risks are hidden. Take real estate...

February 13, 2025
News, Slider, , ,
Read more...

January 2025
10Jan

The regions racing to become the “Silicon Valley” of an aging world

In 2018, when Inc. Magazine named Boston one of the country’s top places to start a business, it highlighted one significant reason: Boston is an innovation hub for products and services catering toward the aging population. The “longevity economy” represents a massive chunk of economic opportunity: As of 2020, the over-50 market contributed $45 trillion to global GDP, or 34 percent of the total, according to AARP and Economist Impact. What makes Boston such a good place to do business in aging? One important factor,...

January 10, 2025
News, Slider,
Read more...

November 2024
07Nov

How AI could help modernize pension and retirement systems

The world is going through a seismic demographic transition, as populations age and traditional workforces shrink, prompting challenges for retirement systems that need to adapt to remain resilient. AI may be able to assist, by helping individuals make better decisions about their own retirement and by helping invest retirement assets. Given the importance of retirement, embedding trust into our AI systems is essential before they are deployed to the retirement business. Lifespans and the cost of living are rising...

November 7, 2024
News, , ,
Read more...
04Nov

AI and Longevity: Can Artificial Intelligence Help Humans Live Longer?

As the global population ages, the quest for longevity and enhanced quality of life for older adults has become an urgent focus in the healthcare industry. Recent advancements in Artificial Intelligence (AI) have opened new frontiers in the understanding and treatment of aging-related conditions, prompting a surge in investments aimed at leveraging AI to foster healthier aging. The integration of AI into drug discovery processes has shown promise in identifying novel compounds that specifically target the biological mechanisms of...

November 4, 2024
News, ,
Read more...

October 2024
23Oct

UK pensions minister pushes back launch of commercial pension dashboards

UK government pensions minister Emma Reynolds has announced that the its MoneyHelper Pension Dashboard service will be made available before commercial dashboards. Reynolds said it was too early to confirm a launch date to the public, with the DWP previously saying that the launch date will only be announced once they are assured most pension schemes have connected and the dashboards are working well. The Pension Dashboards Programme (PDP) has been given the task of developing the Pension Dashboards ecosystem and...

October 23, 2024
News, , ,
Read more...
15Oct

UK. PASA launches pensions dashboards toolkit

PASA today published the first content in its new ‘Dashboards Toolkit’. The Toolkit will be updated over time and the first releases include: A questionnaire for trustees to issue to their AVC providers in advance of connecting their scheme AVCs to dashboards A checklist and suggested list of activities for administrators to connect to and maintain AVC data A list of AVC providers and their connection methods Geraldine Brassett, Chair of the PASA Dashboards Scheme Configuration sub-group, commented: “PASA has...

October 15, 2024
News, ,
Read more...
10Oct

Hong Kong launches e-platform for pension scheme

The Mandatory Provident Fund Schemes Authority (‘MPFA’) has commenced a major overhaul of the Hong Kong pensions system with the launch of the eMPF Platform in June 2024. The Mandatory Provident Fund (MPF) is Hong Kong’s pension scheme, which involves compulsory contributions to privately managed fund plans. The eMPF Platform is a centralised electronic platform designed to streamline MPF administration for employers, employees and MPF trustees. This is the largest reform of the MPF system since its inception in December 2000. What is the eMPF Platform? The eMPF Platform is an electronic...

October 10, 2024
News, ,
Read more...
07Oct

UK. Four New Firms Join the Pension Dashboard Operators Coalition to Reconnect People With Their Savings

The UK Pensions Dashboard Programme (PDP), a project aiming to create the infrastructure required to help over 16 million people plan for retirement and connect with lost pension pots all in one place, has been hit with delay after delay. In an effort to help launch commercial pensions dashboards for consumers more quickly, four new firms have joined the Pension Dashboard Operators Coalition, the industry coalition of potential operators of commercial pensions dashboards. Fidelity International, Mercer, Penny and Pension Lab become the latest firms to join the...

October 7, 2024
News, ,
Read more...