By Marc Chan, Cain Polidano, Lan Tong, Ha Vu, Roger Wilkins & Son Nguyen A key design issue for private retirement plans is their liquidity before retirement age. We estimate the effects of an Australian policy reform that reduced private pension liquidity through increases in the minimum access age by birthdate. Using administrative data and […]

By Valter Manuel Gomes Neto Brazil’s rapid demographic transition presents growing challenges for the sustainability, coverage, and adequacy of its pension system. Although the 2019 pension reform improved fiscal sustainability, population ageing and persistent labour informality continue to place pressure on pension financing and old-age income security. Drawing on existing research and policy evidence, this […]

By Vijay S. Limaye, Jaime Madrigano, Kim Knowlton, Shubhayu Saha, Chihuu Nguyen, & John Balbus Climate change adaptation has historically been defined narrowly, emphasizing actions such as built environment and early warning system improvements. The integration of social protection policies into climate change adaptation policies has the potential to reduce climate-health risks, but no prior […]

The assets of sovereign wealth funds (SWFs) and public pension funds are projected to rise to US$22.4 trillion and US$36.3 trillion, respectively, over the next five years, according to new research by PwC, launched today. According to estimates, SWF assets are expected to grow at a compound annual growth rate (CAGR) of 8%, with public […]

U.S. retirement accounts hold a lot of wealth. According to the Investment Company Institute, Americans hold nearly $11 trillion in 401(k)s alone. So, surely mom and dad are dipping in and finally living a little in their twilight years? Well, not so much. In her latest report for The Atlantic, Jean Chatzky argued that it’s […]

Several European governments are reviewing their pension systems and considering reductions in retirement spending as public finances come under increasing pressure from ageing populations and rising budget deficits. The proposed measures have raised concerns about their potential impact on pensioners’ living standards, particularly amid the continuing rise in living costs. According to the British newspaper […]

What does a good retirement system look like? We often approach this question through familiar lenses: value, adequacy, affordability, sustainability. But discussions at the first Global Retirement Futures Exchange conference reminded me that the question is broader: what would it take to deliver a dignified retirement for all? We heard about South Africa’s two-pot system, […]