A recent trend in individual accounts schemes is the introduction and expansion of investment alternatives
to plan members. The goal of investment choice is to enable plan members to select the optimal investment
portfolio that matches their particular risk-return preference and ultimately, maximizes their retirement
income. This document focuses on some key analytical and policy issues regarding investment choice by
pension plan/fund members in occupational defined contribution and personal pension arrangements during
the accumulation stage. The document covers the following selected OECD countries, Australia, Czech
Republic, Hungary, Ireland, Italy, Mexico, Poland, Slovak Republic and Turkey. Furthermore, it covers
some non-OECD countries such as Chile, Estonia, Hong Kong (China), Israel, Latvia, Peru, Russia and
South Africa.
