Private Pensions

OECD reviews private pension systems in member countries, analyses policy and technical issues, formulates policy recommendations and promotes policy dialogue with non-OECD countries. The Global Pension Statistics project aims to provide a valuable device for measuring and monitoring the pension industry.

What's new

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

from 30-Oct-2008 to 31-Oct-2008

The OECD/IOPS Global Forum on Private Pensions will be held on 30 October (afternoon) and 31 October 2008 in Mombasa, Kenya. The Global Forum will be organised back to back with the IOPS Technical and Executive Committee Meetings to be held on 29 October 2008, followed by the IOPS Annual General Meeting to be organised in the morning of 30 October 2008. The Global Forum will be hosted by the Retirement Benefits Authority (RBA) of Kenya, with the sponsorship provided by the OECD/IOPS/RBA and the Government of Japan

OECD-Bank Indonesia International Conference on Financial Education, 21-22 October 2008, Indonesia

from 21-Oct-2008 to 22-Oct-2008

This conference aims to promote international discussion on financial education among key stakeholders, especially in the context of the rapid changes in Asian economies, resulting in a wider array of financial services (often credit products) now being offered to a large number of inexperienced consumers. The Indonesian authorities have been paying close attention to issues related to financial literacy and education – having declared 2008 “the year of financial education”. 

Recent Developments in Pension Accounting

03-Jul-2008

In March 2008, the International Accounting Standards Board (IASB) published proposed changes to International Accounting Standard No. 19 (IAS 19).  If enacted, the changes to IAS 19 proposed by the IASB are expected to have a significant impact on company financials on a global basis.  The paper Recent Developments in Pension Accounting identifies and discusses some of the proposed changes, as well as, the likely impact these changes will have on exchange-listed companies reporting in accordance with IAS 19.

OECD and IOPS set out blueprint for a licensing regime in the pensions industry

05-May-2008

OECD countries and the International Organisation of Pension Supervisors (IOPS) have agreed new guidelines to help pensions regulators and supervisors improve the way private work-related pension entities, such as pension fund management companies or pension trustees, are managed in order to boost their financial security and performance.

 

Governments and industry should invest more in financial education, warns OECD

29-Apr-2008

Many people have a poor understanding of the financial issues that affect their lives, according to OECD analysis. To help them, OECD countries have agreed new good practices on financial education relating to private pensions and insurance that call on governments and business to work together to improve financial literacy in order to give people the tools they need to secure their future.

OECD/US Treasury International Conference on Financial Education, 7-8 May 2008, Washington DC, USA

from 07-May-2008 to 08-May-2008

Co-hosted by the OECD and the US Treasury, this conference aimed to advance and elevate the dialogue on financial education in the international arena, share experiences on best practices and look at applied research. 

OECD countries agree on further liberalisation commitments in insurance and private pensions

22-Feb-2008

OECD countries have agreed on further liberalisation commitments in the areas of insurance and private pensions.  The OECD Code of Liberalisation of Current Invisible Operations has been amended to broaden the insurance obligations of the Code and introduce new obligations on private pensions, thereby establishing a new, high standard for cross-border trade in insurance and private pensions services. 

OECD publishes Pension Markets in Focus

29-Nov-2007

“Pension Markets in Focus” aims to provide information about the main trends and features of funded pension plan systems in a clear and concise format. This fourth edition sets out the most recent data and analysis on the main trends and structure of the various types of funded pension arrangements in terms of total funded pensions’ assets and also in relation to different financing vehicles. It also includes recent features about sovereign and public pension reserve funds, which are becoming a key financing element of pension systems.

Financial Market Trends No.94

17-Jun-2008

This edition features the recent financial turmoil and sovereign wealth and pension fund issues, in addition to an overview of recent trends in financial markets.

OECD and China undertake to carry out research and policy analysis on private pensions in China

13-Sep-2007

OECD and China have signed a Memorandum of Understanding in order to carry out research and policy analysis on private pensions in China. The agreement ultimately aims at developing an occupational pension system in China (called Enterprise Annuities), whose benefits will complement the relatively low pensions that workers receive from the public system.

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Key material

Trends, prospects and timely analyses of funded pension arrangements

Pension Markets in Focus

Publication

A world-wide classification of private pension schemes

Private Pensions: OECD Classification and Glossary

June 2008

Trends and prospects in international and major domestic financial markets

Financial Market Trends