pension

Low interest rates threaten solvency of pension funds and insurers

The current low interest rate environment poses a significant risk for the long-term financial viability of pension funds and insurance companies, as they seek to generate sufficient returns to meet promises, according to a new OECD report.




pension

OSAA-OECD high-level event on leveraging pension funds for financing infrastructure development in Africa

Addis Ababa - Part of the 3rd International Conference on Financing for Development, this event explored strategies to leverage Africa’s pension funds and other sources of private financing to develop Africa’s infrastructure. Ways to improve the investment climate in Africa using the recently updated Policy Framework for Investment were also be addressed.




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The transition in the Mexican pensions system to one based on individual defined contribution accounts has increased its financial sustainability

The reforms to the pensions system in Mexico, especially the introduction of a system of individual defined contribution accounts, have significantly improved the system’s financial sustainability.




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2015 OECD/IOPS Global Forum on Private Pensions

Taking place in Berlin on 29-30 October, the 2015 Global Forum will explore current trends in global private pension systems and the ways in which pension regulatory and supervisory authorities are managing and reacting to the evolution of these systems.




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The tax treatment of funded private pension plans in OECD and EU countries

This stocktaking report profiles the tax treatment of funded private pension plans across all OECD and EU countries. The information refers to 2015 or the latest year with available data and covers all types of funded private pension plans in each country.




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Further reforms needed to tackle growing risk of pensioner poverty

Recent reforms have made pension systems more financially sustainable and pensioners have higher living standards than ever before. But future generations are likely to find their pension entitlements much less generous than today’s and many may face a serious risk of pensioner poverty, according to a new OECD report.




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OECD, IOPS and World Bank join forces to improve private pension statistics

28 April 2016, Paris - OECD, IOPS and the World Bank are joining forces to expand the reach of the OECD’s Global Pension Statistics database and annual Pensions Markets in Focus report. This collaboration with the World Bank will help bring data from emerging and developing economies that are not currently included in the database.




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Colombia: Assessment of the Regulatory Framework of Private Pensions

This review of Colombia by the OECD Working Party on Private Pensions examines Colombia’s position with respect to core principles related to pension systems.




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2016 OECD/IOPS Global Forum on Private Pensions

9-10 November 2016, Hong Kong, China - The 2016 Global Forum will focus on making private pensions work better and, in particular, consumer protection in the pensions area.




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Design of funded private pensions needs to be improved

Funded Pension arrangements, in particular defined contribution ones, are playing a growing role in complementing retirement income from public sources in OECD countries and worldwide. However, their design needs to be improved, according to a new OECD report.




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Reforming Brazil’s pension system

Brazil’s old-age pensions have reduced old-age poverty below OECD levels, but pension expenditures of 8.2% of GDP are expected to rise rapidly as the population ages. A pension reform is necessary to ensure the financial sustainability of the system.




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Seminar on pension foresight: Envisaging retirement income plans of the future

21 June 2017, Paris: Co-organised by the International Network for Pensions, Aging, and Retirement Research (INPARR), the OECD and IOPS, this seminar provided a window into the latest thinking and research that sheds light on where pension plans and designs are headed in the future and challenges to their future sustainability and efficiency.




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2017 OECD/IOPS Global Forum on Private Pensions

24-25 October 2017, Mauritius - The 2017 global forum explored current trends in global private pension systems and the ways in which pension regulatory and supervisory authorities are managing and reacting to those trends.




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Robo-Advice for Pensions

Riding the wave of technological innovation in finance, the robo-advice model has emerged as one potential solution for helping individuals manage their pensions and invest savings for retirement. This report provides an overview of the types of robo-advisors that are now available and discusses the potential benefits, risks and challenges of such platforms.




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Technology and Pensions

Innovative applications of technology for financial services, or FinTech, are already being used to improve communication with consumers and their engagement with their pension plans. This report provides an overview of how technology is being used to improve pension design and delivery and how regulators are managing these changes.




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Pensions reforms have slowed in OECD countries but need to continue

Further reforms are needed across OECD countries to mitigate the impact of population ageing, increasing inequality among the elderly and the changing nature of work, according to a new OECD report. Pensions at a Glance 2017 says that public spending on pensions for the OECD as a whole has risen by about 1.5% of GDP since 2000. However, the projected pace of spending growth has slowed substantially.




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International Seminar on Pension Supervision and Regulation 2018

23 February 2018, Dublin - This event focussed on how to build better retirement by ensuring value for money, implementing automatic enrolment and designing retirement pay-outs.




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Latvia should raise basic pension to reduce pensioner poverty

Latvia should strengthen old-age safety nets and raise the basic state pension in order to reduce pensioner poverty, especially among women, and address the challenge of a fast declining population, according to a new OECD report.




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Financial markets, insurance and pensions: Digitalisation and Finance

This publication compiles a series of articles that focus on the impact of digitalisation and technology in the areas of financial markets, insurance, and private pensions. It also discusses the tools and policies needed to ensure that the challenges posed by digitalisation result in better outcomes and better management of the risks involved.




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2018 OECD/IOPS Global Forum on Private Pensions

25-26 October 2018, Beijing, China - The 2018 Global Forum was entitled “Designing pension systems to cope with the ageing challenge” and was jointly organised by the OECD, the International Organisation of Pension Supervisors (IOPS) and the China Banking and Insurance Regulatory Commission (CBIRC), China.




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Improvements to pension systems have made them better placed to deliver pensions

Improvements in the design of pension systems over the last decade in OECD countries have made them more financially sustainable and governments should now focus on ensuring they provide people with an adequate retirement income, according to a new OECD report.




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Launch of the OECD Pensions Outlook 2018

3 December 2018 - Every two years, the OECD Pensions Outlook provides an analysis of the main policy issues affecting pensions in OECD countries and assesses trends in retirement income systems. It discusses policy initiatives for strengthening pension systems, funded private pension systems in particular.




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OECD Insurance and Private Pensions Committee Elects New Chair

07/03/2019 - The OECD Insurance and Private Pensions Committee (IPPC) has confirmed the appointment of Mr Yoshihiro Kawai, Advisor to the Commissioner, Japan Financial Services Agency, as its Chair.




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IOPS International Conference on Pension Supervision and Regulation 2019

7 March 2019 - The International Conference on Pension Supervision and Regulation this year will focus on Options for creating sustainable pension systems in emerging markets and will take place in New Delhi, India.




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Portugal’s pension system needs to prepare for rapid population ageing

Portugal needs to reform its pensions system to address the challenges of a fast-shrinking workforce and high levels of old-age inequality, according to a new OECD report.




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Pension Funds in Figures 2019

31/05/2019 - Preliminary data for 2018 show that assets in pension funds amounted to USD 27.6 trillion in the OECD area, close to 4% lower than in 2017. Calculated in national currencies, pension fund assets declined in 12 out of 34 reporting OECD countries, including some of the largest pension markets: Japan (-1.1%), the Netherlands (-1.2%), Switzerland (-0.7%), the United Kingdom (-0.3%) and the United States (-5.0%).




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Reforming the Pension System in Turkey 2019

This paper studies the case of Turkey and suggests several tools to promote retirement planning. Section I provides a review of the traditional and behavioural policy instruments designed to promote retirement savings, along with a discussion on their effectiveness.




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Will future pensioners work for longer and retire on less? (Policy Brief)

This policy brief analyses the impact of reforms in recent decades on pension systems, including comparisons of the pensions people starting work today can expect compared to the pensions of people who retired recently.




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Annual Survey of Investment Regulation of Pension Funds

Each year, the OECD publishes a survey of the investment regulation of pension funds which describes the main quantitative investment regulations applied to pension funds in 77 economies. The survey questionnaire covers all types of pension plans financed via pension funds.




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OECD review of pension systems in Peru

This review assesses Peru’s pension system in its entirety, looking at both public and private, pay-as-you-go (PAYG) financed and funded pension provisions. The review then provides policy options to help tackle old-age poverty; establish a solid framework for the contributory pension system to meet its objectives.




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Pension Markets in Focus

Pension assets have been growing over the last decade, reaching USD 44.1 trillion worldwide at the end of 2018, despite a decline relative to end-2017. This trend is attributable to positive real net returns over the long term, and to increased contributions paid as more people are being covered by a pension plan in a number of countries, especially in those with recent mandatory or auto-enrolment programmes.




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Countries should strengthen pension systems to adapt to changing world of work

Governments should urgently reform their pension systems to ensure that the growing share of workers in temporary or part-time employment can contribute enough during their working lives to receive an adequate income in retirement, according to a new OECD report.




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Annual Survey of Large Pension Funds and Public Pension Reserve Funds

This annual survey monitors and compares the investment behaviour, asset levels, and performances of the largest institutional investors in each region or country covered and analyses in greater depth the general trends observed at a national level.




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Pension Policy Notes and Reviews

The Pension Policy Notes summarise the main features of countries’ pension systems and the policy challenges each of them faces and the Pension Policy Reviews provide an in-depth analysis of the different components of countries’ pension systems.




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Pensions at a Glance 2011 - Luxembourg country profile

The country profile: pension eligibility ages and other qualifying conditions; the rules for calculating benefit entitlements; the treatment of early and late retirees; personal income tax and social security contributions.




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Pensions at a Glance 2013 - Highlights for Germany

Future retirees may expect low pension replacement rates in Germany. Public transfers currently represent a large share of older people’s income in Germany despite a significant increase in employment rates at older ages work...




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Pensions at a Glance 2015: Highlights for Germany

This 4-page online document presents the key findings from OECD Pensions at a Glance 2015 and why it is important for Germany. It also identifies two key pension policy measures which would help improve the performance of pension systems in Germany.




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Pensions at a Glance 2017 - Key findings for Germany

Key findings for Germany from the report "Pensions at a Glance 2017"




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Pensions at a Glance 2017 - Key findings for Germany in German

Renten auf einen Blick 2017: Wie steht DEUTSCHLAND im Vergleich da?




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Pensions at a Glance 2019 - Key findings for Germany in German

Renten auf einen Blick 2019: Wie steht DEUTSCHLAND im Vergleich da?




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Pensions at a Glance 2019 - Key findings for Germany

Key findings for Germany from the report "Pensions at a Glance 2019"




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Economic stagnation compounds demographic pressure on pension systems, says OECD

Low growth, low interest rates and low returns on investment linked to the slow global economy are now compounding the problems of population ageing for both public and private pension systems, according to a new OECD report.




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Launch of OECD Pensions Outlook 2014

The 2014 edition of the OECD Pensions Outlook explores the crucial and far-reaching challenges that pension systems are currently facing. This report was released at a launch event in London on 8 December 2014.




pension

Further reforms needed to tackle growing risk of pensioner poverty

Recent reforms have made pension systems more financially sustainable and pensioners have higher living standards than ever before. But future generations are likely to find their pension entitlements much less generous than today’s and many may face a serious risk of pensioner poverty, according to a new OECD report.




pension

Reforming Brazil’s pension system

Brazil’s old-age pensions have reduced old-age poverty below OECD levels, but pension expenditures of 8.2% of GDP are expected to rise rapidly as the population ages. A pension reform is necessary to ensure the financial sustainability of the system.




pension

Reforming Brazil’s pension system

Brazil’s old-age pensions have reduced old-age poverty below OECD levels, but pension expenditures of 8.2% of GDP are expected to rise rapidly as the population ages. A pension reform is necessary to ensure the financial sustainability of the system.




pension

Top 5 pension issues for consumers

Tips on how to improve your retirement income




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Armed Forces personnel hit by same pension tax trap that 'fuelled the NHS staffing crisis' 

Almost 4,000 members of the Armed Forces pension scheme breached their annual allowance in 2017-18. This puts them at risk of five or six-figure tax bills under changes introduced in 2016.




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Savers 'risk poverty because they are cashing in their pensions too quickly'

The Association of British Insurers suggests many savers are withdrawing money at an 'unsustainable rate', with almost £33billion cashed in.




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HC sets aside order on IT employee’s suspension

Labour Court had directed firm to pay all allowances as he ‘was not given opportunity to defend himself’