Private Pensions

News & Events

 

News

Private pensions: Default investment strategies in defined contribution (DC) pension plans

23-Sep-2010

Protecting retirement income derived from DC pension plans requires carefully designed default investment strategies. This article assesses the relative performance of different investment strategies for different structures of the payout phase, focusing on life-cycle strategies.

Defined benefit pension plans and international accounting

06-Sep-2010

International Accounting Standard No. 19 (IAS 19) is the current standard for the financial reporting of company pension obligations that stem from defined benefit (DB) pension plans. Following publication of proposed changes to IAS 19, the OECD has made comments on the IASB's exposure draft.

Defined benefit pension schemes and counter-cyclical pension funding regulations

22-Jul-2010

This working paper discusses the impact of the crisis on defined benefit (DB) pension schemes and proposes suggestions for making funding regulations more counter-cyclical in nature. Such measures could strengthen the security of DB benefits and help to maintain DB plans for future workers.

Pension fund assets struggle to return to pre-crisis levels

13-Jul-2010

While pension funds have strengthened with the financial market rebound, OECD data show that pension fund assets in most countries have yet to recover to pre-crisis levels.  Public pension reserve funds, however, have now fully made up for their crisis-related losses due to more conservative investment strategies, according to the July 2010 edition of Pension Markets in Focus.

OECD and IOPS invite comments on draft Good Practices for Pension Funds’ Risk Management Systems

05-Jul-2010

OECD and IOPS invite public comment on these draft good practices which aim to outline the main features of risk management systems employed by pension funds. The deadline for comment is 3 September 2010.

Retirement income may become a “lottery” unless default strategies are carefully designed

07-Jun-2010

This Working Paper, Assessing Default Investment Strategies in Defined Contribution Pension Plans, finds that future retirees can expect dramatic fluctuations in fortunes between members of a cohort unless they adopt investment strategies that reduce the impact of market shocks. Similar strategies should also become the default for individuals who make no active investment choice.

2009 Survey of Investment Regulation of Pension Funds

25-Feb-2010

This survey describes quantitative investment regulations on pension funds in OECD and selected non-OECD countries as of end December 2009. The information collected concerns all forms of quantitative portfolio restrictions (minima and maxima) applied to autonomous pension funds in OECD countries at different legal levels (law, regulation, industry norms, etc).

OECD supports the Spanish government’s pension reform proposal

02-Feb-2010

The Spanish government announced on Friday 29th of January, its intention of postponing the retirement age from 65 to 67 and to increase the number of contribution years  used to calculate pension benefits. The OECD believes that these measures are important steps in the right direction. (Leer en espanol)

La OCDE apoya la reciente propuesta gubernamental para reformar el sistema de pensiones

02-Feb-2010

El gobierno español anunció el viernes pasado su intención de elevar la edad oficial de jubilación de 65 a 67 años, y de aumentar el numero de años necesario para calcular la pensión. La OCDE considera muy positivas dichas medidas.

Journal of Pension Economics and Finance enters new phase

08-Dec-2009

The Journal of Pension Economics and Finance (JPEF), the only academic journal focusing on the economics and finance of pensions and retirement income programs, announces a new editorial structure and a broadening of its mission effective January 2010. Since 2002, the JPEF has provided an invaluable and influential forum for original research and international policy debate in the pensions area.


Events

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 addressed a wide range of issues of high relevance to national policy debate on retirement savings in both developed and emerging economies. Special attention was devoted to developments in the pension industry on the African continent.

OECD/IOPS Global Forum on Private Pensions

from 14-Nov-2007 to 15-Nov-2007

Organised in Beijing, China, the OECD/IOPS Global Forum on Private Pensions covered a wide range of topics which are of importance to both countries that either have mature and developed funded pension systems and countries that have only recently undertaken pension reforms, therefore seeking to modify their existing un-sustainable retirement security arrangements. The issues are also of relevance for the current developments in the Chinese pension system.

OECD Seminar on Reforming Pension Protection Schemes

on 02-Jul-2007

This OECD seminar brought together the heads of the pension protection funds of Germany, Japan, Sweden, Switzerland, the USA and the UK for the first time to debate the role that pension protection schemes can play in protecting our retirement income, how they can operate on an economically efficient basis and how they can protect themselves from moral hazard and excessive claims.

OECD Seminar on "Pension Fund Regulation and Risk Management", Istanbul, 9 November 2006

on 09-Nov-2006

The OECD international seminar on "Pension Fund Regulation and Risk Management", sponsored by Risklab and Allianz Global Investors (AGI), was held back to back with the OECD Global Forum on Private Pension in Istanbul, Turkey on 9 November 2006.

OECD/IOPS Global Forum on Private Pensions, 7-8 November 2006, Istanbul, Turkey

from 07-Nov-2006 to 08-Nov-2006

7-8 November 2006, Istanbul, Turkey. The Forum aimed to inform and enlighten the current policy debate on major issues related to private pension reform and encouraged an exchange of experiences derived from innovative policies and programmes across the countries participating.

OECD/IOPS Conference on Private Pensions in Latin America: 29-30 March 2006, Santiago, Chile

from 29-Mar-2006 to 30-Mar-2006

The focus was an evaluation of the private pension system in Chile and the lessons that can be drawn from Chile’s experience, for other countries. The following topics were discussed: the challenge of coverage, constraints in payout phase of pension systems, risk management in defined contribution schemes, risk based supervision, the challenge of investment choice and pension fund cost management. The conference also provided an opportunity to present the OECD best principles and practices.

OECD/IOPS Conference on Private Pensions in Asia

from 27-Apr-2005 to 28-Apr-2005

This conference, jointly organised by OECD and IOPS, took place on 27-28 April 2005 in Bangkok, Thailand. It aimed to provide an international forum for the discussion on specific policy issues and challenges in the implementation of pension reforms in Asia, with a particular focus to be laid on the reform process in Thailand and on “best practice” regulatory mechanisms used in the OECD countries to ensure efficient and appropriate pension provision under diversified approaches in the design of the retirement schemes.

OECD/INPRS Forum on Private Pension Reform in Emerging Countries

from 12-Jul-2004 to 13-Jul-2004

The 2004 INPRS/OECD Forum on Private Pension Reform in Emerging Economies took place in Paris, France on 12-3 July 2004. This meeting lead to the establishment of a new, formal association of pension supervisors, the International Organisation of Pension Supervisors (IOPS).

2nd EIR/OECD Conference on Pensions and Long-run Investments, Paris, 2 April 2004

on 02-Apr-2004

The 2nd EIR/OECD Conference on Pensions and Long-run Investments was organised at the OECD Headquarters in Paris on 2 April 2004. Over 50 guests were present, including private sector, researchers and pension regulators. The event was opened by William Witherell, Director of DAFE, OECD. The focus of the event was on pension fund investment in both DB and DC systems. The first part of the meeting focused on DB plans. Asset-liability modelling models and the implications of ageing for defined benefit plans were discussed in detail. The second half of the meeting looked at the new DC plans in Ireland, the OECD on-going work on statistical data collection and regulatory policies for private pension systems.

Third International OECD Conference on Private Pensions in Brazil, Rio de Janeiro, Brazil, 3-4 May 2004

from 03-May-2004 to 04-May-2004

The Third International OECD Conference on Private Pensions in Brazil will  be held in  Rio de Janeiro, Brazil on the 3rd and 4th of May at the Hotel Intercontinental. This seminar is jointly organised by the OECD and the Brazilian Ministries of Finance and of Pensions under the aegis of the OECD programme of the Centre for Co-operation with Non-Members. The event is co-sponsored by the government of Japan and by the National Association of Private Pension (ANAPP) of Brazil.



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OECD/IOPS 2011 Global Forum

25-26 October Cape Town, South Africa

Analysis of pension funds and public pension reserve funds

Pension Markets in Focus