The symposium took place on 22-23 January 2015 in Tokyo, Japan, and addressed cutting-edge policy issues and research ideas to promote long-term financial planning through financial education.
English, PDF, 2,158kb
The global economy continues to run at low speed and many countries, particularly in Europe, seem unable to overcome the legacies of the crisis. With high unemployment, high inequality and low trust still weighing heavily, it is imperative to swiftly implement reforms that boost demand and employment and raise potential growth.
English, PDF, 481kb
“Why do financial institutions and investors see so little risk, while companies investing in the real economy see so much risk?” This is perhaps the most important question facing policy makers today. This paper sets out some of the possible hypotheses for lack of investment in the world economy. It uses data drawn from 10 000 global companies in 75 advanced and emerging countries.
This seminar addressed cutting-edge policy issues and research ideas to promote financial inclusion and financial literacy in Asia, notably: national strategies for financial education; financial education and consumer protection; measuring financial literacy; and, financial literacy for micro-entrepreneurs and SMEs.
Headline aid figures only tell part of the picture. While aid volumes have risen globally, poor countries are losing out. Between 2010 and 2012, assistance from DAC members to the Least Developed Countries fell by 12%. Meanwhile, aid to upper-middle income countries rose steadily. Shouldn’t this be the other way round?
The 2014 edition of the OECD Pensions Outlook explores the crucial and far-reaching challenges that pension systems are currently facing. This report was released at a launch event in London on 8 December 2014.
Pension funds and annuity providers need to effectively manage the longevity risk they are exposed to. Individuals receiving a lifetime income may live longer than expected or accounted for in the actuarial calculations to provision for these liabilities. Mismanaged longevity risk can deteriorate finances, cause bankruptcy and expose individuals to the risk of losing their retirement income. To safeguard against this risk, pension funds and annuity providers must provision for future improvements in mortality and life expectancy. The regulatory framework can support the effective management of longevity risk.
This publication assesses how pension funds, annuity providers such as life insurance companies, and the regulatory framework account for future improvements in mortality and life expectancy. The study then examines the mortality tables commonly used by pension funds and annuity providers against several well-known mortality projection models with the purpose of assessing the potential shortfall in provisions. The final part of the publication identifies best practices and discusses the management of longevity risk, putting forward a set of policy options to encourage and facilitate the management of longevity risk.
Low growth, low interest rates and low returns on investment linked to the slow global economy are now compounding the problems of population ageing for both public and private pension systems, according to a new OECD report.
This roadmap identifies elements of good design and public policy to assist countries to strengthen retirement income adequacy in an environment where pension benefits result from assets accumulated during working life.
This database provides free online access to frequently-requested statistics from the OECD pensions statistics database.