News Archives - Pension Policy International

14OctOctober 14, 2026

US. Why retirees are afraid to spend the money they saved

A Prudential survey reveals a surprising retirement paradox: more than half of retirees — 54% — would rather leave money to heirs than risk spending it all. Even those with substantial savings feel the pinch; 61% of retirees with at least $500,000 invested say they are uncomfortable spending on enjoyment. Financial author and AARP columnist Jean Chatzky says the shift away from pensions toward 401(k)s and IRAs has left many retirees struggling to convert savings into income. In her book...

October 14, 2026

Newssavings, US

14OctOctober 14, 2026

UK. Increasing AE contributions ‘best route’ to boosting pension savings – Baroness Drake

Increasing minimum automatic enrolment (AE) contributions is the "best route" to boosting pension savings and tackling the UK's retirement adequacy crisis, Pensions Commissioner, Baroness Jeannie Drake, has argued. Speaking at the Pensions UK Annual Conference 2026, Drake warned that voluntary contributions and saver engagement alone would not be enough to address widespread under-saving, stressing that raising minimum contributions would be necessary to secure adequate retirement incomes for future generations. "The efficient way to get more saving, and in my view, the...

October 14, 2026

Newssavings, UK

14OctOctober 14, 2026

Asian pension funds, sovereign wealth funds, and ultra-high wealth earners are increasing hedge fund investments

While the yield on government bonds, which was considered a safe asset, is sluggish, stock market volatility is also growing, turning to hedge funds that seek profits through various investment strategies in addition to stocks and bonds. According to Reuters on the 13th (local time), the global hedge fund market is growing rapidly amid growing interest from Asian investors. According to the Hedge Fund Research (HFR), a U.S. hedge fund research firm, global hedge fund management assets in the second quarter...

October 14, 2026

NewsAsia, Investment

14OctOctober 14, 2026

Why Kenyan workers are cashing out their pensions

For many Kenyan workers, leaving a job can mean making an uncomfortable choice between securing their future and paying for the present. A new retirement survey found that 53% of respondents who left employment or a business with accessible pension savings withdrew at least part of the money, even though 65% of those who withdrew understood the consequences for their retirement and 53% later regretted the decision. Much of the money went towards businesses and farming, followed by living...

October 14, 2026

NewsKenya, Withdrawals

14OctOctober 14, 2026

Why an ageing world is a question for young people

Today’s youth will increasingly age into a world that was not designed for their longer lives. So why is longevity still approached as a matter for older adults? Economies around the world are ageing as a result of falling birthrates and rising lifespans. In fact, over 70% of people worldwide already live in a country whose population is projected to peak before the end of the century. The result is a major transformation at both the societal and individual levels. At...

October 14, 2026

NewsAging, Labor Market, Longevity

13OctOctober 13, 2026

US. How Retirees on Different Incomes Rely on Social Security

If Congress doesn’t act, more than 60 million Americans could see their Social Security income drop by nearly a quarter in six years. That’s when Social Security’s retirement trust fund is expected to run dry, and incoming revenue would be enough to pay only 78 percent benefits, reducing every retiree’s paycheck by 22 percent. The program, which President Franklin D. Roosevelt signed into law in 1935 during the Great Depression, is not in danger of completely running out of money. While...

October 13, 2026

NewsSocial Security, US

13OctOctober 13, 2026

Pensions UK calls for major overhauls to sector

Trade association Pensions UK has published a report claiming that the country requires a pensions settlement that delivers better retirements, stronger growth and more sustainable public finances. The Better Pensions Dividend sets out why pensions reform should be seen as part of the UK’s wider economic strategy, not only improving retirement outcomes but also helping to unlock long-term investment and support growth. The report collated evidence from a diverse range of experts to demonstrate why under-saving poses a “significant and imminent”...

October 13, 2026

NewsPension Reform, Political economy, UK

13OctOctober 13, 2026

Military Retirees Block Nigerian Pensions Board Entrance In Abuja Over Alleged Unfair Adjustments

Military retirees on Tuesday blocked the entrance to the Military Pensions Board office in Dutse Alhaji, Abuja, protesting what they described as an unfair formula for calculating pension adjustments. The veterans barricaded the entrance with canopies and chairs, while armed soldiers prevented them from entering the premises. The protest comes weeks after retired military personnel demonstrated at the Ministry of Defence in September, demanding a pension increase following salary adjustments for serving military officers. The Minister of Defence, Christopher Musa, reportedly assured...

October 13, 2026

NewsAdequacy, Nigeria, Public Pensions

13OctOctober 13, 2026

US. Interest Rates Boost Pension Funding in September

The funded status of the 100 largest corporate defined benefit plans in the U.S. rose to 114.5% in September, up from 112.2% in August, according to Milliman Inc.’s Pension Funding Index. A 47-basis-point increase in benchmark corporate bond interest rates during the month to 6.47% resulted in a $54 billion reduction in pension liabilities, helping to offset a negative 2.21% investment return. Discount rates have increased by more than 100 bps over the past year and have reached levels not...

October 13, 2026

NewsDefined Benefit, Funding, Interest Rates, US

12OctOctober 12, 2026

Gen Z adults ‘risk creating retirement shortfalls amid living costs squeeze’

More than half (53%) of Gen Z adults aged 18 to 29 could be at risk of reducing their pension contributions over the next year or may have already stopped them, a survey indicates. The research, commissioned by pensions-finding platform Raindrop, found that younger adults indicated they were particularly at risk of sacrificing their longer term savings to get by in the short term. More than a third (35%) of Millennials aged 30 to 45, 19% of Gen X...

October 12, 2026

NewsGen Z, savings, UK

October 2026