Funded and private pensions

OECD/IOPS Global Forum on Private Pensions: Mombasa, Kenya, 30-31 October 2008


The OECD/IOPS Global Forum on Private Pensions was held on 30 October (afternoon) and 31 October 2008 in Mombasa, Kenya.

The Global Forum addressed a wide range of issues of high relevance to national policy debate on retirement savings in both developed and emerging economies. Special attention at the event this year was devoted to the developments in the pension industry on the African continent. As a number of jurisdictions across the region have begun the task of pension reform, policymakers are increasingly aware of the opportunities and challenges when designing and implementing retirement policies and strategies to strengthen retirement security of their workforce. In this respect, a major goal of the Global Forum was to provide a place for international experts to meet and interact with representatives of the African authorities working in area pension and social security to share the accumulated experience and facilitate mutual understanding of pension policy issues and priorities.


The OECD/IOPS Global Forum aimed to bring together a wide audience of senior government officials, leading pension policy experts, representatives of the private pension industry and researchers from around the world and engage participants in fruitful and constructive debate.


The conference topic areas especially focused on:

1) Pension developments in Kenya.

2) The African Pensions Roundtable

3) Financial education campaigns and pension reform.

4) Pension fund coverage and the informal sector.

5) The impact of pension funds on capital markets and infrastructure development.


The Global Forum was organised back to back with the IOPS Technical and Executive Committee Meetings and the IOPS Annual General Meeting. The Global Forum was hosted by the Retirement Benefits Authority (RBA) of Kenya, with the sponsorship provided by the OECD/IOPS/RBA and the Government of Japan.


OECD/IOPS Global Forum on Private Pensions:

Pension Development in Africa - Opportunities and Challenges


Summary Record

Conference Papers and Proceedings


Session 1: Pension Industry Development in Kenya

Analytical Review of the Pension System in Kenya: Mr. Sundeep Raichura, Chairman, the Actuarial Society of Kenya

Pension Industry Development in Kenya - Discussion by the RBA: Mr. Edward Odundo, Chief Executive Officer, RBA, Kenya


Session 2: African Pensions Roundtable

Pensions in Africa.

Presentation by Mr. Tabrez Ahmad Lallmahomed: Senior Examiner, Financial Services Commission, Mauritius.


Session 3: Financial Education Campaigns and Pension Reform

Private Pensions and Government Information Campaigns: Lessons from OECD Countries.

The Irish Experience; National Awareness Campaigns: Mr. Gerard Clarke, Assistant Head of DB Supervision, The Pensions Board, Ireland.

Improving Public Awareness on Private Pensions: Poland’s 10 years of Continuous Experience: Ms. Beata Kalinowska, Director of Pension Normative Supervision Department, Poland.

Financial Education Campaigns and Pension Reform: The Kenyan Experience in Training Trustees: Mr. Nzomo Mutuku: Manager, Research and Development, RBA, Kenya


Session 4: Pension Fund coverage and the Informal Sector

Pension Coverage And Informal Sector Workers: International Experiences

Pension Coverage And Informal Sector Workers: International Experiences: Mr. Yu-Wei Hu, Private Pensions Unit, OECD.

Pension Fund Coverage and the Informal Sector in Latin America: Mr. Gonzalo Reyes, Superintendencia de Administradoras de Fondos de Pensiones, Chile.


Session 5: Pension Funds in Capital Market and Infrastructure Development

Pension Fund Investment In Infrastructure

Pension Fund Investment and Capital Markets: Mr. Juan Yermo, Private Pensions Unit, OECD.

Infrastructure investment and Pension funds in Latin America: Mr. Angel Melguizo, BBVA

Infrastructure in Africa – a Debt Perspective: Mr. Nick Rouse, Managing Director of Frontier Markets Fund Managers.

Pension funds in Capital Markets and Infrastructure Development: Mr. Japeth Katto, Chief Executive, Capital Markets Authority, Uganda.

Pension Funds in Capital Markets and Infrastructure Development: Ms. Stella Kilonzo, Chief Executive, Capital Markets Authority, Kenya

OECD Principles for Private Sector Participation in Infrastructure


Information note for participants.


Please note that participation is by invitation only.


Related Documents