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Ninety-five percent of the world's insurance business is done in OECD countries. Private or otherwise non-public pension plans are becoming more and more important, both in the OECD area and in emerging economies. OECD work on the broader consequences of ageing has been reinforced in recent years.
What's new
The OECD will be closed May 8-12 2008
from 01-May-2008 to 12-May-2008
The OECD will be closed from May 8-12 2008 (Victory Day and Pentecost).
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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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16-Apr-2008
Ireland currently has a relatively young population but faces similar, if more distant, long-term pressures from population ageing as other countries. The pension system is founded on a basic state pension but relies heavily on private saving to provide adequate replacement incomes in retirement. Large increases in the state pension have reduced poverty, although many pensioners still have low incomes. There is a large retirement savings gap for many households between the close to flat-rate state pension and a reasonable replacement income in retirement.
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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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19-Feb-2008
The Danish pension system is well-developed and almost unique in the OECD. This report suggests that there may be scope to increase choice and flexibility in the pension system. However, the key policy challenge is to reform capital taxation outside pension savings.
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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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29-Nov-2007
“Pension Markets in Focus” aims to provide information about the main trends and features of funded pension plan systems in a clear and concise format. This fourth edition sets out the most recent data and analysis on the main trends and structure of the various types of funded pension arrangements in terms of total funded pensions’ assets and also in relation to different financing vehicles. It also includes recent features about sovereign and public pension reserve funds, which are becoming a key financing element of pension systems.
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A consistent framework for comparing public-pension policies across OECD countries.
