English, , 645kb
Sweden’s National Pension Funds, responsible for 12% of Sweden’s state pension liabilities, have a fund structure that is unique among global pension reserve funds. This report analyses the strengths and weaknesses of the system and recommends how both structure and management could be improved.
In both developing and developed economies, the awareness of the importance of financial education led to the development of an increasing number of tailored national strategies for financial education. These frameworks promote a smoother and more sustainable co-operation between interested parties and stakeholders, avoid duplication of resources and allow the development of articulated and tailored roadmaps with measurable and
OECD Working Paper on Finance, Insurance and Private Pensions, No.15: This paper presents the findings from a pilot study undertaken in 14 countries. The analysis focuses on variations in financial knowledge, behaviour and attitude across countries and within countries by socio-demographics.
The potential implications of gender differences in financial literacy are far-reaching. This paper describes the findings of a review of the literature on gender differences in financial literacy with the aim to better understand their causes and consequences, as well as possible policy responses. It provides a starting point to collect further evidence, develop analytical work and case studies, and to identify areas that deserve
This paper studies the impact of recent changes in second pension pillars of three Central and Eastern European Countries on the deficit and implicit debt of their full pension systems.
Policy actions proposed in this paper are based on initial OECD research undertaken and are intended to generate debate and discussion. Further research is planned on these topics within the framework of the project on institutional investors and long term investment. OECD Working Papers on Finance, Insurance and Private Pensions, No.13.
In the wake of the 2010 earthquake, this paper considers policy options for expanding the proportion of future Chilean earthquake losses that would be covered via new and expanded risk transfer mechanisms.
This paper examines the role of guarantees in DC pension plans, in particular minimum investment return guarantees during the accumulation phase. The main goal is to assess the cost and benefits of different return guarantees. The report uses a stochastic financial market model where guarantee claims are calculated as a financial derivative in a financial market framework (like e.g. the valuation of a put option). In this context, the
Transitioning to a low-carbon and climate resilient economy will require significant investment by private sources of capital. Pension funds and other institutional investors can play an important role to play in financing green growth initiatives. This paper examines some of the initiatives that are currently under way around the world to assist and encourage pension funds to help finance green growth.
This paper gathers evidence on public sector pension plans regarding the type of pension promise and quantifies the future tax burden related to these pension promises. The reported liabilities are recalculated using both a fair value approach (local market discount rates) and a common, fixed discount rate across all countries which reflects projected growth in national income.