This paper gathers evidence on public sector pension plans regarding the type of pension promise and quantifies the future tax burden related to these pension promises. The reported liabilities are recalculated using both a fair value approach (local market discount rates) and a common, fixed discount rate across all countries which reflects projected growth in national income.
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This guide is designed to help monitor and evaluate financial education programmes. It has been developed for use by financial education project managers, educators and stakeholders.
OECD Secretary-General talks of the need to promote a significant shift in policy-making to introduce together a new era that favours long term investments for sustainable development, at the Eurofi High Level Seminar in Paris.
Discussions at this high-level event focused on the financial empowerment of individuals globally but with a particular focus on the Middle East North Africa region.
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The issue of financial innovation and consumer protection is mostly about access and suitability. Access refers to a situation in which affordable, mainstream financial products are available to all segments of the population across the range of income levels and demographic characteristics. Suitability addresses the appropriateness of the products for particular consumer groups. Innovative products will tend generally to be either
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Current interest rates have been conducive to financial institutions assuming exposure to interest rate risks but, with interest rates expected to rise and yield curves likely to flatten, new challenges may be in store. This article draws attention to the increased risks and possible negative effects that the still-fragile banking sector could face in light of these developments.
Read about OECD efforts to help governments improve the domestic and global policies that affect business and markets in the wake of the global economic crisis.
Discussions at this high-level event focused on financial literacy, behavioural economics and financial education and the importance of financial education in defined contribution pension schemes.
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This working paper provides draft good practice guidelines for the design of national financial literacy surveys and proposes guidelines for the design of a core set of good practice questions for embedding within any national surveys aimed at measuring financial literacy levels.
Building on the OECD's internationally recognised standards in the area of financial education, participants in this event shared best practices and experiences in the fields of financial education and literacy. As a result, they were better equipped to address their national and regional challenges in these policy areas.The workshop was co-hosted by the Reserve Bank of India and the OECD and was sponsored by the Government of Japan.