Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

February 2025

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...

India. Atal Pen­sion Yojana enrol­ments grow 29% annu­ally since 2019

The Centre’s ambi­tious Atal Pen­sion Yojana (APY), launched in 2015 to provide uni­ver­sal social secur­ity to India’s unor­gan­ised work­force, has wit­nessed a remark­able surge in enrol­ments, with five States alone account­ing for nearly half of the total sub­scribers. FOCUS. Accord­ing to the latest data presen­ted in the Lok Sabha, Uttar Pra­desh leads with 16.11 per cent of total enrol­ments, fol­lowed by Bihar (9.59 per cent), Maha­rashtra (7.96 per cent), West Bengal (7.68 per cent), and Tamil Nadu (6.69 per cent). Com­bined,...

US. DOL Finalizes Update to Voluntary Fiduciary Correction Program

On January 15, 2025, the Department of Labor (“DOL”) issued notice amending its Voluntary Fiduciary Correction Program (“VFCP”), along with related final amendments to Prohibited Transaction Exemption 2002-51 (“PTE 2002-51”), which provides exemptive relief for certain transactions identified in VFCP.  Most notably, the final amendments allow plan fiduciaries to self-correct late-deposited participant contributions or loan repayments, as well as certain other participant loan errors by filing a notice of correction with DOL, in lieu of filing a full VFCP...

How to unlock the potential of micro pension schemes

The informal economy plays a critical role in Kenya, contributing significantly to economic growth and vitality. Comprising diverse workers, from market traders and artisans to small-scale entrepreneurs and gig workers, this sector represents the backbone of the country's workforce. Yet, despite its significance, individuals in the economy often find themselves excluded from traditional pension arrangements. The absence of employer-provided benefits and access to formal pension schemes leaves millions vulnerable, with little to no safety net to secure their futures when they are...

México. Afore XXI Banorte lideró el ahorro voluntario en el SAR el año pasado, con 2.850 millones de dólares

Según cifras de la Amafore, al cierre de 2024 el Ahorro Voluntario gestionado por Afore XXI Banorte superó los 57 mil millones de pesos (2.850 millones de dólares) Según cifras de la Comisión Nacional del Sistema de Ahorro para el Retiro (Consar), al cierre del año pasado el Ahorro Voluntario acumulado en el sistema llegó a poco más de 173.000 millones de pesos (8.650 millones de dólares) Según cifras de la Asociación Mexicana de Administradoras de Fondos de Ahorro para el Retiro (Amafore),...

Chile. Beneficiarios del Pilar Solidario de Pensiones supera los 2,5 millones mensuales en el trimestre de julio, agosto y septiembre de 2024

Así concluyó un informe realizado por la Dirección de Estudios de la Subsecretaría de Previsión Social. En el estudio, además, se constata que un 82% recibió la Pensión Garantizada Universal (PGU) del total de beneficiarios del Pilar Solidario de Pensiones. La Dirección de Estudios de la Subsecretaría de Previsión Social publicó los resultados del Informe Trimestral del Pilar Solidario, correspondiente al trimestre de julio, agosto y septiembre de 2024, cuyo objetivo es entregar un panorama estadístico actualizado de los beneficios comprendidos...

Rentabilidad de fondos de pensión en Colombia aumentó 12,9 % en 2024; gremio advierte inestabilidad en finanzas públicas

El presidente de la Asociación Colombiana de Administradoras de Fondos de Pensiones y de Cesantía (Asofondos), Andrés Velasco, reveló que la rentabilidad de los fondos de pensiones en Colombia creció 12,9 % el año pasado, lo que permitió que el ahorro de los trabajadores se incrementara en $59 billones hasta los $465 billones en 2024. “Este ha sido un año extraordinario para los trabajadores formales porque los mercados financieros así lo permitieron”, destacó Velasco, quien reveló además que la rentabilidad real, es decir, descontando la inflación,...

Argentina. Nuevos criterios para acceder a pensiones por invalidez

El Gobierno nacional, a través de la Resolución N°187/2025, estableció nuevos criterios para evaluar la invalidez laboral de las personas que solicitan una Pensión No Contributiva (PNC). Según el texto oficial, la medida tiene como objetivo “garantizar un proceso más equitativo”, al establecer criterios claros para el otorgamiento del beneficio y clasificar las afecciones según su impacto en la capacidad laboral. Según cifras oficiales, en Argentina hay 1.503.779 personas con el Certificado Único de Discapacidad (CUD) vigente, aunque se calcula que alrededor de cinco millones de...

Global pension assets climb to record $58.5 trillion

Global pensions assets rose by 4.9% year-on-year in 2024, reaching a record USD 58.5 trillion, led by growth in the largest DC markets, according to the Thinking Ahead Institute’s (TAI) latest Global Pension Assets Study. This compares to USD 55.7 trillion at the end of 2023, when the same study by the TAI measured a return to growth after the sharp fall in global pension assets in 2022. Despite the rise in overall assets, there are significant differences between regions. The US...

Blue state US pension funds ‘lack consistency’ on climate voting

The Sierra Club has warned of “problems with consistency” at US public pension funds in its latest analysis of sustainability-related voting, with differences in support across resolutions and a reluctance to oppose directors at climate laggards. The group last year analysed a number of pension funds in Democrat-leaning states, and has now expanded to include large funds in Republican-leaning and swing states, meaning the latest edition covers more than 30 of the “largest and most influential public pension funds in...