Private pensions

2010 OECD/IOPS Global Forum on Private Pensions

 

Designing adequate defined contribution (DC) pensions:
Global experience and lessons from Asia-Pacific

2-3 November 2010, Sydney, Australia

 

Hosted by the Australian Prudential Regulation Authority (APRA), the Annual OECD/IOPS Global Forum on Private Pensions took place in Sydney, Australia, on 2-3 November 2010. The IOPS Committee Meetings and the IOPS Annual General Meeting preceded the Global Forum on the 1-2 November. APRA organised a Flyer of the Training Superannuation Seminar on 4-5 November.


The main objective of the Global Forum was to examine innovative governmental policies intended to enhance the security and adequacy of defined contribution (DC) retirement plans – which represent a growing share of retirement savings in the Asia-Pacific region and globally. The recent financial crisis, which had a negative impact on the asset value and benefit adequacy of such plans, has further compelled governments around the world to take action to strengthen regulatory requirements and supervisory policies with respect to the operation of these plans.


The topics addressed at the Global Forum include:

  • Pension reform process and recent developments in Asia-Pacific
  • Supervisory techniques and approaches to oversee DC pensions
  • Challenges and costs of introducing guarantees for DC pension plans
  • Innovative approaches to measure the ‘retirement readiness’ of ageing populations
  • Optimal structure and design of DC pension plans


The Global Forum brought together high-level officials from regulatory and supervisory authorities, leading experts from pension fund industry and research institutes from both OECD and IOPS Member countries and participants from Asia Pacific region. Representatives from international organizations, including the World Bank, the International Monetary Fund, and the Asian Development Bank also participated in the event.

 

Documentation

Flyer of the Global Forum on private pensions
Flyer of the Training Superannuation Seminar
Information note for participants

Agenda

Conference Proceedings

 

Opening Remarks

  • Ambassador Richard Boucher, Deputy Secretary General, OECD.
  • Ambrogio Rinaldi, Chairman OECD Working Party on Private Pensions.
  • Ross Jones, Deputy Chairman of the Australian Prudential Regulation Authority, President IOPS.


Session 1: Pension System Developments in Asia

Asian Roundtable

Moderator

  • André Laboul, Head of Financial Affairs Division, OECD, Secretary General of IOPS.

Speakers

  • Corazon S. de la Paz-Bernardo, President of ISSA, Social Security Commission.
  • Don Yeo, Deputy CEO, Central Provident Fund Board, Singapore .
  • Datuk Ranjit Ajit Singh, Managing Director, Securities Commission of Malaysia.
  • Son Tran Van, Director of International Affairs Division in charge of Social Policies, Ministry of Finance, Taiwan.
  • Puskal Upadhyay, General Manager, Pension Fund Regulatory and Development Authority, India
  • Moch Muchlasin, Development and Information Division, Ministry of Finance, Indonesia.

Background Documents

 

Session 2: Supervising DC Pensions

Moderator

  • Edward Odundo, Vice President IOPS, Chief Executive, Retirement Benefits Authority, Kenya.

Speaker

Discussants

Background Documents

 

 

Session 3: Guaranteeing DC Pensions

Moderator

Speaker

Discussants

Background Documents


Session 4: Retirement Readiness Project – Initial Ideas

Moderator

  • Pedro Ordorica, President of National Commission for Retirement Savings (CONSAR), Mexico.

Speakers

Background Documents

 

Session 5: Policy Recommendations for DC Pension Design

Moderator

Speaker

Discussants

Background Documents

Closing Speech and Closing Remarks

  • Minister Bill Shorten, MP. Assistant Treasurer, minister for Financial Services and Superannuation, Australia.
  • Ambrogio Rinaldi, Chairman, OECD Working Party on Private Pensions.
  • André Laboul, Head of Financial Affairs Division, OECD and IOPS Secretary General.
  • Ross Jones, Deputy Chairman of Australian Prudential Regulation Authority.

 

 

 

 

 

Countries list

  • Afghanistan
  • Albania
  • Algeria
  • Andorra
  • Angola
  • Anguilla
  • Antigua and Barbuda
  • Argentina
  • Armenia
  • Aruba
  • Australia
  • Austria
  • Azerbaijan
  • Bahamas
  • Bahrain
  • Bangladesh
  • Barbados
  • Belarus
  • Belgium
  • Belize
  • Benin
  • Bermuda
  • Bhutan
  • Bolivia
  • Bosnia and Herzegovina
  • Botswana
  • Brazil
  • Brunei Darussalam
  • Bulgaria
  • Burkina Faso
  • Burundi
  • Cambodia
  • Cameroon
  • Canada
  • Cape Verde
  • Cayman Islands
  • Central African Republic
  • Chad
  • Chile
  • China (People’s Republic of)
  • Chinese Taipei
  • Colombia
  • Comoros
  • Congo
  • Cook Islands
  • Costa Rica
  • Croatia
  • Cuba
  • Cyprus
  • Czech Republic
  • Côte d'Ivoire
  • Democratic People's Republic of Korea
  • Democratic Republic of the Congo
  • Denmark
  • Djibouti
  • Dominica
  • Dominican Republic
  • Ecuador
  • Egypt
  • El Salvador
  • Equatorial Guinea
  • Eritrea
  • Estonia
  • Ethiopia
  • European Union
  • Faeroe Islands
  • Fiji
  • Finland
  • Former Yugoslav Republic of Macedonia (FYROM)
  • France
  • French Guiana
  • Gabon
  • Gambia
  • Georgia
  • Germany
  • Ghana
  • Gibraltar
  • Greece
  • Greenland
  • Grenada
  • Guatemala
  • Guernsey
  • Guinea
  • Guinea-Bissau
  • Guyana
  • Haiti
  • Honduras
  • Hong Kong, China
  • Hungary
  • Iceland
  • India
  • Indonesia
  • Iraq
  • Ireland
  • Islamic Republic of Iran
  • Isle of Man
  • Israel
  • Italy
  • Jamaica
  • Japan
  • Jersey
  • Jordan
  • Kazakhstan
  • Kenya
  • Kiribati
  • Korea
  • Kuwait
  • Kyrgyzstan
  • Lao People's Democratic Republic
  • Latvia
  • Lebanon
  • Lesotho
  • Liberia
  • Libya
  • Liechtenstein
  • Lithuania
  • Luxembourg
  • Macao (China)
  • Madagascar
  • Malawi
  • Malaysia
  • Maldives
  • Mali
  • Malta
  • Marshall Islands
  • Mauritania
  • Mauritius
  • Mayotte
  • Mexico
  • Micronesia (Federated States of)
  • Moldova
  • Monaco
  • Mongolia
  • Montenegro
  • Montserrat
  • Morocco
  • Mozambique
  • Myanmar
  • Namibia
  • Nauru
  • Nepal
  • Netherlands
  • Netherlands Antilles
  • New Zealand
  • Nicaragua
  • Niger
  • Nigeria
  • Niue
  • Norway
  • Oman
  • Pakistan
  • Palau
  • Palestinian Administered Areas
  • Panama
  • Papua New Guinea
  • Paraguay
  • Peru
  • Philippines
  • Poland
  • Portugal
  • Puerto Rico
  • Qatar
  • Romania
  • Russian Federation
  • Rwanda
  • Saint Helena
  • Saint Kitts and Nevis
  • Saint Lucia
  • Saint Vincent and the Grenadines
  • Samoa
  • San Marino
  • Sao Tome and Principe
  • Saudi Arabia
  • Senegal
  • Serbia
  • Serbia and Montenegro (pre-June 2006)
  • Seychelles
  • Sierra Leone
  • Singapore
  • Slovak Republic
  • Slovenia
  • Solomon Islands
  • Somalia
  • South Africa
  • South Sudan
  • Spain
  • Sri Lanka
  • Sudan
  • Suriname
  • Swaziland
  • Sweden
  • Switzerland
  • Syrian Arab Republic
  • Tajikistan
  • Tanzania
  • Thailand
  • Timor-Leste
  • Togo
  • Tokelau
  • Tonga
  • Trinidad and Tobago
  • Tunisia
  • Turkey
  • Turkmenistan
  • Turks and Caicos Islands
  • Tuvalu
  • Uganda
  • Ukraine
  • United Arab Emirates
  • United Kingdom
  • United States
  • United States Virgin Islands
  • Uruguay
  • Uzbekistan
  • Vanuatu
  • Venezuela
  • Vietnam
  • Virgin Islands (UK)
  • Wallis and Futuna Islands
  • Western Sahara
  • Yemen
  • Zambia
  • Zimbabwe
  • Topics list