According to the new OECD Private Pensions Outlook workers are rightly worried about the fall in the value of the private pension savings and there is growing pressure on governments to act. The OECD estimates that the loss in private pension assets in the year to December 2008 has increased to US$ 5.4 trillion, up from US$ 5 trillion until October. The average pension fund had a negative rate of return of 23 percent over the year.
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Institutional features and policy practices of investment guarantee programmes - institutional features of the public and private segments of the political risk insurance market - issues of potential relevance for the investment policy community. Typically, international investment projects for which such insurance is sought are located in developing countries. In recent years, the value of investment guarantees has averaged about
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Whenever a crisis hits, interest in guarantee arrangements rises. This paper focuses on how parts of the financial safety net are combined, with a special emphasis on deposit insurance and its interaction with other safety net elements. It addresses structural rather practical crisis resolution issues, as well as reviewing recent policy actions in this context.
This book contains three reports focusing on different institutional approaches to the financial management of large-scale catastrophes in selected OECD and non-OECD countries, the role of risk mitigation and insurance in reducing the impact of natural disasters, and the importance of strategic leadership in the management of non-conventional crises.
This publication provides in-depth information on the regulation and supervision of voluntary and mandatory occupational pension plans as well as mandatory private pension schemes in 58 countries worldwide.
This summary study looks at existing Korean family, health and pension policies from an international perspective and considers them in view of the emerging policy challenges in Korea. It was presented at a policy forum on Low fertility and Ageing Society, in September 2006 in Seoul.
This report reviews the economic consequences of ageing populations for financial markets and recommends that governments help facilitate development of financial instruments to support retirement savings and pensions.
This publication compiles papers and reports from an OECD conference on catastrophic risks and insurance held in 2004. The combination of leading academic analysis, and information and experience sharing by governments and private sector representatives involved in the financial management of catastrophe risks, makes this publication a
Who should compensate the losses stemming from new forms of terrorism? To what extent and under what conditions can insurers and reinsurers continue to cover this exposure? Could financial markets provide additional capacity? Should governments be called upon to participate in the financial coverage of terrorism risk?
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This paper focuses on the identification of potential conflict of interest situations through effective supervisory techniques, and examines possible regulatory gaps in existing laws. First, it provides an overview of a typical pension plan cycle, and compares the conflicts of interest rules and regulations of six countries–Chile, Costa Rica, Hungary, Mexico, Poland, and Slovenia—and examines how these would apply to typical conflict