Pension fund chief Pepe assures collaboration on new rules, rejecting delays. He addresses concerns about portability, defends funds' primary mission of member protection over supporting the economy, and proposes fiscal incentives and early savings accounts to boost investment in Italian real economy.
SpaceX is poised to debut on the US public market with a record $1.8 trillion IPO, surpassing Saudi Aramco. The company, valued at $135 per share, has allocated 20% of shares to retail investors, drawing roughly $70 billion in orders. However, concerns arise over potential overvaluation, with analysts at MorningStar valuing SpaceX at $63 per share, a 53% discount. Additionally, governance concerns have been raised as Elon Musk is set to control up to 85% of voting power despite owning 42% of equity, limiting board accountability and shareholder influence.
Ivan Tavrin, founder of Kismet Capital Group, stated at the St. Petersburg International Economic Forum that non-state pension funds should be allowed to invest a small percentage of their reserves directly into private businesses. He believes this would create significant additional returns for future pensioners, moving beyond traditional low-risk investments like government bonds.
Russian Finance Minister Anton Siluanov called for "silent" pension funds, held by the Social Fund and managed by VEB, to be activated as long-term savings. He proposed legislative changes to allow citizens more control over these funds, including inheritance and withdrawal in specific life situations.
A Russian court sentenced Sagid Murtazaliev, former head of Dagestan's Pension Fund and Olympic wrestling champion, to life imprisonment in absentia for orchestrating a murder, attempted murder, and financing an illegal armed group. He is currently on an international wanted list.
Institutions will adopt crypto not as a speculative asset or governance token, but as tested infrastructure for faster settlement, programmable liquidity, and transparent collateral, leveraging the iterative, real-world pressure-tested nature of web3.
South Korea's corporate retirement pension funds exceeded 500 trillion won in 2025, a 16.1% increase from the previous year. Investment returns also rose to 6.5%, the best performance since 2005, driven by a stock market rally.
Government has opened highway project bids to venture capital, private equity, infrastructure, and pension funds, a significant policy change. This move aims to attract substantial private investment by allowing these financially robust entities to partner with experienced construction firms.
Wealthy players asking for more money may feel wrong but the big four tournaments are not sharing the revenue fairlyAt some point in the quiet buildup to her opening match at the Italian Open, Aryna Sabalenka decided to attack one of the most contentious subjects in her sport with the same force as her forehand. In her press conference, the subject of the top players’ attempts to attain a greater revenue share from the grand slam tournaments prompted the world No 1 to make a drastic prediction: “I think at some point we will boycott it, yeah,” she said. “I feel like that’s going to be the only way to fight for our rights.”It marked an escalation in a pay dispute that, until this point, had played out in a series of polite letters and public statements. Over a year ago, in March 2025, the players sent their first letter to the grand slam tournaments. Their requests focused on the grand slams offering a greater percentage of their revenues to the players, contributions to player welfare initiatives, such as pension funds, and closer consultation through a grand slam player council. To the frustration of the player group, the grand slams have still not issued substantial responses to the first two requests. Continue reading...
An elderly Filipino man lost over 1 million pesos ($16,600) after scammers posing as government pension fund workers tricked him into installing a malicious app via Viber. The caller sent fake credentials including his full name, Social Security number, and home address to appear legitimate. Once installed, the app took over his Android phone, preventing him from turning it off while draining three bank accounts and two e-wallets.
