Experts and policy makers gathered today at the Inter-American Development Bank (IDB) to discuss the future of pensions in Latin America and the Caribbean. A panel discussion moderated by CNN journalist Gabriela Frias explored different policy approaches to ensure greater coverage and sustainability of pension systems in the region.
Tokyo, Japan - Discussions at this event focused on investing for the long-term, infrastructure as an asset class, the role of capital markets in long-term investment and next steps for long-term investment financing in Asia.
What are the channels for investment in sustainable energy infrastructure by institutional investors (e.g. pension funds, insurance companies and sovereign wealth funds) and what factors influence investment decisions? What key policy levers and risk mitigants can governments use to facilitate these types of investments? What emerging channels (such as green bonds, YieldCos and direct project investment) hold significant promise for scaling up institutional investment?
This report develops a framework that classifies investments according to different types of financing instruments and investment funds, and highlights the risk mitigants and transaction enablers that intermediaries (such as public green investment banks and other public financial institutions) can use to mobilise institutionally held capital. This framework can also be used to identify where investments are or are not flowing, and focus attention on how governments can support the development of potentially promising investment channels and consider policy interventions that can make institutional investment in sustainable energy infrastructure more likely.
This annual publication provides major official insurance statistics. The reader will find information on the diverse activities of this industry and on international insurance market trends. The data, which are standardised as far as possible, are broken down under numerous sub-headings, and a series of indicators makes the characteristics of the national markets more readily comprehensible.
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.
La lenteur de la croissance, le bas niveau des taux d'intérêt et la faiblesse des rendements des placements liés à la léthargie de l'économie mondiale sont en train d'aggraver les problèmes de vieillissement démographique auxquels sont confrontés les systèmes de retraite tant publics que privés, selon un nouveau rapport de l'OCDE.
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 comprehensive examination of pension systems in Latin America and the Caribbean looks at recent trends in retirement and working at older ages, evolving life expectancy, design of pension systems, and pension entitlements before providing a series of country profiles. The special chapter analyses the coverage and adequacy of Latin American pension systems.
2014 OECD/Euromoney Roundtable on Long-term Investment Policy: The roundtable provided a unique opportunity for participants to discuss the OECD’s work on institutional investors and long-term financing with senior policymakers and regulators, and to facilitate investment by institutional investors, addressing both potential regulatory obstacles and market failures.