Research and Policy Center: Strengthening Pension Savings in Emerging Markets

CFA Institute Research and Policy Center has published brand new research that examines the pension systems of eight emerging economies: Brazil, Chile, Colombia, Mexico, Turkey, India, South Africa, and Kenya and specifically how technological tools and behavioural design can expand pension coverage, strengthen savings, and build trust in retirement systems.

This brief explores how emerging markets can boost pension savings by combining behavioral economics with technology. Countries like Brazil, Chile, India, and South Africa face two key challenges: expanding coverage—especially for informal workers—and ensuring adequate retirement income as populations age. While traditional tools still matter, they are no longer enough. Policymakers are increasingly using “smart inclusion” strategies—such as automation, digital platforms, and behavioral nudges—to simplify decisions and encourage consistent saving.

CFA Institute Members can earn 1.75 PL for reading the brief.