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News & Events
News
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.
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OECD Financial Markets Committee calls for fundamental reform of financial markets
15-Apr-2008
Fundamental reform of the financial system and its regulation is needed to address the issues highlighted by the current financial markets crisis, according to the OECD Financial Markets Committee. Priority should be given to private sector initiatives to speed up the recovery of financial markets but government intervention may be needed.
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09-Apr-2008
OECD countries are committed to keeping their investment frontiers open to sovereign wealth funds (SWFs) as long as these funds invest for commercial, not political ends. That is the message in a letter from OECD Secretary-General Angel Gurría to G7 Finance Ministers detailing a common OECD position on policies towards sovereign wealth funds.
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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.
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30-Jan-2008
After taking into consideration comments and updates received during the public consultation held between 26 June and 1 September 2007, the OECD will release `Good Practices on Financial Education relating to Private Pensions’ and a background report in 2008.
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29-Jan-2008
The public consultation of the draft text of the Guidelines on the Licensing of Pension Entities was closed on 5 October 2007. After consideration of the comments received by the IOPS and the OECD Working Party on Private Pensions, the results of the public consultation are now available.
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23-Jan-2008
After taking into consideration comments and updates received during the public consultation held between 26 June and 1 September 2007, the OECD will release `Good Practices for Enhanced Risk Awareness and Education on Insurance Issues’ and a background report in 2008.
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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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OECD and IOPS invite public comment on draft guidelines on the licensing of pension entities
27-Jul-2007
The OECD and the International Organisation of Pension Supervisors (IOPS) are inviting public comment on draft guidelines to help pensions regulators and supervisory authorities improve the way occupational, private pension entities, such as pension fund management companies or pension trustees, are managed in order to boost their financial security and performance.
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OECD calls for better protection of occupational pension systems
10-May-2007
OECD countries have agreed new guidelines for governments and regulators designed to improve how certain types of pension funds are run with a view to making employees’ pensions more secure.
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