Funded and private pensions

The OECD Long-term Investment Project

 

OECD Workshop on Data Collection for Sustainable Infrastructure, Paris, 15 November 2018

OECD Forum on Green Finance and Investment, Paris, 13-14 November 2018

OECD-Japan Seminar on Quality Infrastructure Investment, Tokyo, 12-13 September 2018

About the project

The increasingly short supply of long-term capital since the 2008 financial crisis has profound implications for growth and financial stability. Launched in 2012, this project aims to facilitate long-term investment by institutional investors such as pension funds, insurance companies, and sovereign wealth funds, addressing both potential regulatory obstacles and market failures.

 

Why is long-term investment important? 

Patient capital allows investors to access illiquidity premia, lowers turnover, encourages less pro-cyclical investment strategies and therefore higher net investment rate of returns and greater financial stability. Engaged capital encourages active voting policies, leading to better corporate governance. Productive capital supports infrastructure development, green growth initiatives, SME finance, etc., leadng to sustainable growth

‌‌
Documents and links

Long-term Investment Project Update - June 2018

Survey of Large Pension Funds and Public Pension Reserve Funds

Breaking silos: Actions to develop infrastructure as an asset class and address the information gap

APEC Effective approaches Capacity building package to accelerate infrastructure development and financing in APEC economies

G20/OECD Guidance Note on Diversification of Financial Instruments for Infrastructure and SMEs | Support Note

G20-OECD High-level Principles of Long-term Investment Financing by Institutional Investors

G20-OECD work on long-term financing

OECD work on blockchain and distributed ledger technology

 

 

 

PROJECT RESEARCH

 

PROJECT MEETINGS

 

G20/OECD Taskforce on Long-term Investment

Long-term investment is a key contributor to growth, job creation and stability. It contributes to OECD member priorities, including fostering inclusive growth and environmental sustainability, and is a part of the Programme of Work of both the OECD Committee on Financial Markets and the OECD Insurance and Private Pensions Committee. It is also a key element of G20, G7 and APEC work streams and priorities. The OECD supports the G20’s agenda on long-term investment through the G20/OECD Task Force on Long Term Investment.

The Task Force is open to governmental experts from OECD and G20, FSB and APEC governmental members. While the Task Force initially focussed on institutional investors and long-term financing, it now deals with issues beyond institutional investors (such as corporates, banks and Multilateral Banks) and beyond finance (such as taxation and development of financial markets, technologies, governance, environment, development, transport, connectivity and structural reforms reflecting the complex and interrelated nature of long-term investment).

Long-term investment is a key contributor to growth, job creation and stability. It contributes to OECD member priorities, including fostering inclusive growth and environmental sustainability, and is a part of the OECD Programme of Work, for both the Committee on Financial Markets and the Insurance and Private Pensions Committee. It is also a key element of G20, G7 and APEC work streams and priorities. As such, it is an important component of several Key Partners’ policies.

 
The OECD/LTI Network on Institutional Investors and Long-term Investment

The OECD has established a large network of investors engaged in the business of long-term investment, including a database with over 3,000 contacts, with a view to engaging in consultation and dialogue. The network includes investors (such as pension funds, insurance companies, asset managers, and Sovereign Wealth Funds), industry experts, academics, multilaterals and policy agencies involved in areas related to long-term investment.

Network members are regularly invited to provide comments on and contribute to OECD and related G20 and APEC work and are kept informed of relevant developments. The network constantly provides inputs to the agenda of the G20/OECD Task Force. This faciliates the monitoring of recently introduced financial market-based and governmental innovations that are addressing major societal challenges.

 

 

Contacts

Raffaele Della Croce (tel: +33 1 4524 1411 | raffaele.dellacroce@oecd.org)

Joel Paula (tel: +33 1 4524 1930 | joel.paula@oecd.org)

Lucie Amour (tel: +33 1 8555 60 48 | lucie.amour@oecd.org

www.oecd.org/finance/lti

 

Related Documents