December 2025
03Dec

UK. Pension opt-outs ‘early sign’ of mounting financial pressure

Around 15 per cent of employers reported that at least 2 per cent of their workforce have reduced or opted out of pension contributions over the past year, according to Broadstone’s latest UK Employee Benefits Landscape Report. The consultancy warned that the trend is an early sign of mounting financial pressure and weakening saver confidence at a time when adequacy is already under scrutiny. The report also found that among employers who adjusted their benefits packages following the Autumn 2024 Budget, 43 per...

December 3, 2025
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November 2025
13Nov

U.K. to keep voluntary pensions system

Employers in the United Kingdom could be forced to make mandatory contributions to occupational pension plans unless they do more to encourage employees to contribute to the current voluntary system, a government appointed task force says. The Employer Task Force on Pensions, which was established in 2003 to advise the secretary of state for Work and Pensions, last week published a report recommending that the current system of voluntary contributions to occupational pension plans be maintained. But Sir Peter Davis, chairman...

November 13, 2025
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July 2025
28Jul

SSC: Voluntary Subscription Enables Over 68,000 Jordanians to Receive Retirement and Disability Benefits

The Social Security Corporation (SSC) announced in a press release issued by its media center that more than 68,000 Jordanians have been able to access retirement and disability pensions through voluntary subscription to the social security system. The Corporation revealed that the number of currently active voluntary subscribers has reached approximately 108,000, urging Jordanians who are not subject to mandatory coverage—including Jordanian expatriates working abroad and Jordanian housewives—to enroll voluntarily in order to secure a comprehensive safety net that provides...

July 28, 2025
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June 2025
17Jun

South Korea: Insurers widen voluntary retirement schemes amid digital shift and M&A activity

The insurance industry is likely to see a rise in voluntary retirements in the latter half of this year, driven by ongoing digital transformation and a wave of mergers and acquisitions, according to industry sources on Monday, reported The Korea Times. As companies restructure their workforces during integration processes, the focus is shifting toward incentivised voluntary departures rather than forced layoffs. Hanwha General Insurance, currently preparing to complete its merger with Carrot General Insurance by September, is expected to follow this...

June 17, 2025
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May 2025
15May

Survey shows cost and awareness gaps hinder access to voluntary insurance in Canada

A national survey conducted by Environics Research revealed gaps between Canadian employees’ desire for voluntary benefits and their access to them. The survey found that most employees consider benefits essential to their happiness and job retention. According to the results, 93 percent of respondents said benefits and insurance options directly influence their workplace satisfaction and decision to remain with their employer. Despite this, only 2 percent said they would ask their employer for more insurance options, even though 66 percent expressed interest...

May 15, 2025
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October 2024
29Oct

Malta. Government to enroll its workers in pension schemes, match contributions

The government is to launch a voluntary occupational pensions scheme and will match contributions made by public sector workers, Finance Minister Clyde Caruana announced in his budget speech on Monday. The initiative aims to expand pension savings options for employees by encouraging both public and private sector workers to participate. "While employers will not be obliged to contribute, they must offer their employees the opportunity to join such a plan.  It is up to the employee to decline this option," the...

October 29, 2024
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March 2024
04Mar

Revolutionizing Retirement: How TWPS is Pioneering Pension Participation in Jamaica

In a groundbreaking move, the Tourism Workers Pension Scheme (TWPS) is setting a new standard for pension schemes, aiming to significantly boost retirement participation among Jamaica's tourism workers. Differentiated by its inclusivity of both employed and self-employed individuals and bolstered by government support, TWPS is driving towards a membership goal of 20,000 in the current year, overcoming initial setbacks caused by the COVID-19 pandemic. Unique Features and Strategic Goals The TWPS stands out by covering workers in the private sector, with...

March 4, 2024
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July 2023
19Jul

Pensions, 54% of Italians fear that they are insufficient to live on. Private savings are essential

«I can’t wait to retire!..» How many times, and how many people, have they thought about saying “goodbye” to work, daily routine, stress and fatigue? If the moment of leaving the labor market is seen as a real liberation, in Italy there are those who think that it could become a far worse condemnation than meetings, phone calls, computers and shifts. Because on closer inspection the majority of men and women “in career” believe that they do not have,...

July 19, 2023
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October 2021
25Oct

Ghana. Tier-3 Pension Scheme: Labour Minister seeks support to woo informal sector

The Minister of Employment and Labour Relations, Mr Ignatius Baffour Awuah, has called on traditional rulers to join hands with the new Tier-3 Pension Scheme by encouraging people in the informal sector to contribute to the scheme. That, he said, would enable people in the informal sector to enjoy voluntary personal pension payments to cater for their needs at old age. He said chiefs, as opinion leaders, had the clout to influence informal sector workers to take vital decisions such as...

October 25, 2021
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September 2021
06Sep

India. Atal Pension Yojana dominates social security scheme with 66% NPS subscriber base

Atal Pension Yojana has emerged as the most popular social security scheme under the National Pension System with over 2.8 crore subscribers, mainly from the non-metro centres. Out of 4.2 crore National Pension System (NPS) subscribers, over 66 per cent or 2.8 crore opted for the APY at the end of 2020-21, says the annual report of the National Pension Systems Trust (NPS Trust). The State Government Scheme ranks second with 11 per cent share, while the central autonomous bodies (CAB)...

September 6, 2021
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