How to build adequate, long-term pension savings: lessons for and from developing pension systems
25-26 October 2011, Cape Town, South Africa
Hosted by the Financial Services Board (FSB) of South Africa, the annual OECD/IOPS Global Forum on Private Pensions took place in Cape Town, South Africa, on 25-26 October 2011. The IOPS Committee Meetings and the IOPS Annual General Meeting preceded the Global Forum on 24-25 October.
[See press Release]
Topics addressed at the Global Forum included:
The Global Forum brought together representatives from developed and developing pension systems along with industry representatives and academics to share experiences and lessons. Whilst developed pension systems have many lessons to share with developing pension systems, such as innovative ways of improving coverage, likewise, developing pension systems have interesting lessons to share with more developed pension systems, such as experiences with infrastructure investments.
The conference took place back-to-back with the OECD-FSB Conference on Financial Literacy: Financial Education for All (27-28 October), which included a session on financial education related to pensions, and the World Bank and Financial Education Fund Workshop on Impact Evaluation Methods for Financial Capability Enhancement Programs (31 October-1 November).
Tuesday 25th October
André Laboul, Head of Financial Affairs Division, OECD, IOPS Secretary General
Opening Speech - Pension Reforms in South Africa
Nhlanhla Nene, Deputy Minister of Finance
Session 1: Pensions in Africa – Update on Developments and Reforms
Moderator: Andrew Donaldson, Deputy Director General, National Treasury South Africa
Roundtable 1: Are universal pensions the answer for Africa?
-- Marcelina Gaoses, Non-bank Financial Institutions Regulatory Authority, Botswana
-- Adrianus Vugs, Namibia Financial Institutions Supervisory Authority, Namibia
-- Jurgen Boyd, Financial Services Board South Africa
-- Nzomo Mutuku, Retirement Benefits Authority, Kenya
Roundtable 2: Are individual account systems suitable for Africa?
-- Dr. Musa Ibrahim, National Pension Commission, Nigeria
-- Patrick Mhango, Insurance and Non-bank Financial Institutions, Reserve Bank Malawi
-- Martin Libinga, Pension and Insurance Authority, Zambia
-- Sandile Dlamini, Registrar of Insurance and Retirement Funds, Swaziland
Wednesday 26th October
Session 2: Adequacy of Pension Systems: OECD Retirement Savings Adequacy
Moderator: Ambrogio Rinaldi, Director, COVIP Italy
-- Rob Rusconi, Independent Consultant
Session 4: Pension Funds, Long-term Investing and Capital Market Development
Moderator: Edward Odundo, RBA Kenya, IOPS Vice President
-- Elias Masilela, Public Investment Commission South Africa
Rintaro Tamaki, Deputy Secretary General, OECD
Ross Jones, Deputy Chairman of the Australian Prudential Regulatory Authority, President of IOPS
Ambrogio Rinaldi, Chairman OECD WPPP
André Laboul, Head, OECD Financial Affairs Division, IOPS Secretary General