on OECD, IOPS and World Bank join forces to improve private pension statistics By www.oecd.org Published On :: Thu, 28 Apr 2016 10:07:00 GMT 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. Full Article
on Colombia: Assessment of the Regulatory Framework of Private Pensions By www.oecd.org Published On :: Wed, 01 Jun 2016 16:14:00 GMT 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. Full Article
on OECD financial literacy study finds many adults struggle with money matters By www.oecd.org Published On :: Wed, 12 Oct 2016 15:15:00 GMT 12/10/2016 – Adults in many countries around the world display low levels of financial knowledge, fail to engage in financial behaviours that could improve their financial security and have financial attitudes oriented towards the short-term, as shown in the OECD/INFE International Survey of Adult Financial Literacy Competencies released today. Full Article
on OECD/INFE International Survey of Adult Financial Literacy Competencies By www.oecd.org Published On :: Wed, 12 Oct 2016 17:20:00 GMT This report contains the results of an international data collection survey that measured the financial literacy and financial inclusion of adults. A total of 51,650 adults aged 18 to 79 from 30 countries and economies participated in the survey. Full Article
on Seminar on open and orderly capital movements By www.oecd.org Published On :: Tue, 25 Oct 2016 18:01:00 GMT Co-organised by the OECD and the German Federal Ministry of Finance, the seminar focused on the policy implications of the increasingly interconnected global financial and economic system and the need for an open and orderly regime for capital flows in the context of the review of the OECD Code of Liberalisation of Capital Movements. Full Article
on 2016 OECD/IOPS Global Forum on Private Pensions By www.oecd.org Published On :: Wed, 09 Nov 2016 15:21:00 GMT 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. Full Article
on Design of funded private pensions needs to be improved By www.oecd.org Published On :: Mon, 05 Dec 2016 11:00:00 GMT 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. Full Article
on OECD Recommendation on Disaster Risk Financing Strategies By www.oecd.org Published On :: Thu, 23 Feb 2017 12:56:00 GMT Adopted by the OECD Council on 23 February 2017, this Recommendation provides high-level policy guidance for designing a strategy for addressing the financial impacts of disasters on individuals, businesses and sub-national levels of governments, as well as the implication for public finances. Full Article
on Conference on business, finance and gender By www.oecd.org Published On :: Wed, 08 Mar 2017 16:09:00 GMT Paris, 8 March 2017: Taking place on International Women's Day, this OECD-hosted conference considered questions such as gender differences in financial literacy and inclusion; women working in the informal economy and the role of business: gender differences in the changing pensions landscape; empowering women to fight back against corruption and engaging men to support gender equality in the workplace. Full Article
on Responsible business conduct for institutional investors: Key considerations for due diligence under the OECD Guidelines for Multinational Enterprises By www.oecd.org Published On :: Tue, 28 Mar 2017 23:08:00 GMT Promoting responsible business conduct in the financial sector is vital to building a sustainable global economy. This paper will help institutional investors implement the due diligence recommendations of the OECD Guidelines for Multinational Enterprises in order to prevent or address adverse impacts related to human and labour rights, the environment, and corruption in their investment portfolios. Full Article
on Reforming Brazil’s pension system By www.oecd.org Published On :: Wed, 19 Apr 2017 10:00:00 GMT 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. Full Article
on Investment governance and the integration of environmental, social and governance factors By www.oecd.org Published On :: Tue, 02 May 2017 16:37:00 GMT This paper presents the findings of an international stocktaking of the regulatory frameworks that apply to institutional investment in different jurisdictions and how these frameworks are interpreted by institutional investors in terms of their ability or responsibility to integrate environmental, social and governance (ESG) factors in their governance processes. Full Article
on Can better international co-operation help build a fairer global economy? By www.oecd.org Published On :: Tue, 30 May 2017 14:12:00 GMT Drawing on data presented in the 2017 OECD Business and Finance Outlook, this article looks at some of the forces influencing recent economic developments and asks what can be done to ensure a “fairer” global economy. Full Article
on Increased international co-operation on financial and corporate issues essential to making globalisation work for all By www.oecd.org Published On :: Tue, 30 May 2017 15:17:00 GMT Globalisation has failed to create a level playing field in trade, investment and corporate behaviour, being one of the factors contributing to a backlash against openness in many countries and a decline in confidence in government institutions. Full Article
on Seminar on pension foresight: Envisaging retirement income plans of the future By www.oecd.org Published On :: Wed, 21 Jun 2017 11:54:00 GMT 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. Full Article
on Coping with the financial consequences of devastating floods By www.oecd.org Published On :: Thu, 07 Sep 2017 08:37:00 GMT 07/09/2017 - Flooding is one of the most common, wide-reaching and destructive natural perils, affecting on average about 250 million people around the world each year. OECD work on the financial management of flood risk has identified a number of ways that policy makers can improve the way they manage the financial implications of floods. Full Article
on Technology and innovation in the insurance sector By www.oecd.org Published On :: Fri, 08 Sep 2017 17:15:00 GMT “Insurtech”is the term being used to describe the new technologies with the potential to bring innovation to the insurance sector and impact the regulatory practices of insurance markets. This report catalogues these technologies and examines how InsurTech is being funded and how insurers are engaging with the start-ups entering the market. Full Article
on Population ageing and rising inequality will hit younger generations hard By www.oecd.org Published On :: Wed, 18 Oct 2017 11:00:00 GMT Younger generations will face greater risks of inequality in old age than current retirees and for generations born since the 1960s, their experience of old age will change dramatically. Full Article
on 2017 OECD/IOPS Global Forum on Private Pensions By www.oecd.org Published On :: Tue, 24 Oct 2017 11:41:00 GMT 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. Full Article
on OECD Guidelines on Insurer Governance By www.oecd.org Published On :: Thu, 16 Nov 2017 11:28:00 GMT 16 November 2017 - The OECD Guidelines on Insurer Governance provide guidance and serve as a reference point for insurers, governmental authorities, and other relevant stakeholders in OECD and non-OECD countries. The Guidelines have been revised and expanded to reflect evolving market practices and updates to international guidance following the financial crisis. Full Article
on Robo-Advice for Pensions By www.oecd.org Published On :: Mon, 04 Dec 2017 10:10:00 GMT 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. Full Article
on Technology and Pensions By www.oecd.org Published On :: Mon, 04 Dec 2017 10:51:00 GMT 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. Full Article
on Pensions reforms have slowed in OECD countries but need to continue By www.oecd.org Published On :: Tue, 05 Dec 2017 11:00:00 GMT 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. Full Article
on 8th Annual OECD High-level Breakfast on Institutional Investors and the Low-carbon Transition By www.oecd.org Published On :: Mon, 11 Dec 2017 11:15:00 GMT 11 December 2017, OECD Paris - The 8th annual OECD high-level breakfast event brings together leading investors and senior government officials for informal, focused dialogue, to examine key developments and identify solutions to enable achievement of NDCs and the two-degree commitment. Full Article
on Supporting ageing workforce key to tackling future US economic challenges By www.oecd.org Published On :: Wed, 24 Jan 2018 06:00:00 GMT Providing American seniors with better work incentives and opportunities will be crucial for the United States to meet the challenges of its rapidly ageing population. By 2028, more than one in five Americans will be aged 65 and over, up from fewer than one in six today, according to a new OECD report. Full Article
on High-Level Conference on Policies for Equal Ageing: A Life-Course Approach By www.oecd.org Published On :: Thu, 25 Jan 2018 11:48:00 GMT This High-Level Conference is organised by both the Government of Slovenia and the OECD in Brdo Congress Centre (Slovenia) on 25 and 26 January 2018. Full Article
on 2018 Meeting of the G20 Global Infrastructure Connectivity Alliance By www.oecd.org Published On :: Thu, 25 Jan 2018 23:56:00 GMT 25-26 January 2018 - The first annual meeting of the G20 Global Infrastructure Connectivity Alliance will bring together policy makers and practitioners to discuss the state of play in global connectivity, innovative practices and the outlook for connectivity. Full Article
on The cyber insurance market: Responding to a risk with few boundaries By www.oecd.org Published On :: Wed, 21 Feb 2018 22:24:00 GMT With the growth of cybercrime, and intensive media coverage of privacy breaches and ransomware attacks over the last year, could complacency about cyber risks soon be a thing of the past? Bill Below and Leigh Wolfrom of the OECD Directorate for Financial and Enterprise Affairs look at some of the challenges to insuring cyber risk. Full Article
on Conference on unleashing the potential of the cyber insurance market By www.oecd.org Published On :: Thu, 22 Feb 2018 09:28:00 GMT 22-23 February 2018, Paris - The potential role of the nascent cyber insurance market in enhancing cyber resilience is increasingly being recognised by policy makers. This conference provided an opportunity to exchange knowledge and share experiences on addressing the challenges impeding the development of the cyber insurance market. Full Article
on International Seminar on Pension Supervision and Regulation 2018 By www.oecd.org Published On :: Thu, 22 Feb 2018 16:38:00 GMT 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. Full Article
on Latvia should raise basic pension to reduce pensioner poverty By www.oecd.org Published On :: Wed, 07 Mar 2018 11:00:00 GMT 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. Full Article
on Financial markets, insurance and pensions: Digitalisation and Finance By www.oecd.org Published On :: Mon, 09 Apr 2018 10:13:00 GMT 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. Full Article
on 2018 Roundtable on Insurance and Retirement Saving in Asia By www.oecd.org Published On :: Wed, 25 Apr 2018 15:23:00 GMT 25-26 April 2018, Tokyo - This event will bring together key stakeholders from the Asia Pacific region to discuss policy issues relevant to the sound development of insurance and private pensions markets. Full Article
on The Application of Behavioural Insights to Financial Literacy and Investor Education Programmes and Initiatives By www.oecd.org Published On :: Wed, 30 May 2018 08:47:00 GMT Behavioural insights have the potential to enhance the effectiveness of financial literacy and investor education initiatives. This IOSCO/OECD report explores the extent to which they are being used, reviews the available literature and presents various approaches for policy makers and practitioners to consider when seeking to change financial behaviour. Full Article
on Seminar on Quality Infrastructure Investment By www.oecd.org Published On :: Wed, 12 Sep 2018 17:23:00 GMT This seminar, jointly organised by the OECD and the Ministry of Finance of Japan, will address quality infrastructure investment, governance, planning and technology issues as well as data collection and benchmarking for quality infrastructure. It is taking place on 12-13 September 2018, in Tokyo, Japan. Full Article
on 2018 OECD/IOPS Global Forum on Private Pensions By www.oecd.org Published On :: Thu, 25 Oct 2018 17:23:00 GMT 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. Full Article
on 2018 OECD Workshop on Data Collection for Sustainable Infrastructure – Infrastructure Data Initiative By www.oecd.org Published On :: Thu, 15 Nov 2018 11:41:00 GMT 15 November 2018, Paris - This Workshop will bring together academics, public stakeholders and industry experts to discuss using blockchain technology to unlock data for AI and financial sustainability and quality benchmarks Full Article
on Conference on the Role of Financial Education and Consumer Protection in Supporting Financial Inclusion in Southeast Asia By www.oecd.org Published On :: Tue, 27 Nov 2018 11:37:00 GMT 26-27 November 2018, Vientiane, Lao People's Democratic Republic. The conference will provide a forum to discuss best practices on developing financial education and consumer protection in supporting financial inclusion in Lao P.D.R and other Southeast Asian countries. Full Article
on Improvements to pension systems have made them better placed to deliver pensions By www.oecd.org Published On :: Mon, 03 Dec 2018 10:00:00 GMT 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. Full Article
on Launch of the OECD Pensions Outlook 2018 By www.oecd.org Published On :: Mon, 03 Dec 2018 11:13:00 GMT 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. Full Article
on The Contribution of Reinsurance Markets to Managing Catastrophe Risk By www.oecd.org Published On :: Mon, 17 Dec 2018 12:54:00 GMT This report makes use of a unique set of data on premiums and claims provided by global reinsurance companies to examine the contribution that reinsurance has made to enhancing the capacity of the primary insurance market to manage catastrophe risk and to reducing the economic and insurance market disruption that often follows catastrophic events. Full Article
on 2019 Workshop of the G20/OECD Task Force on Long-term Investment By www.oecd.org Published On :: Wed, 30 Jan 2019 14:53:00 GMT 30 January 2019, Singapore - This Workshop will bring together academics, public stakeholders and industry experts to discuss data collection and benchmarks for quality infrastructure investment and blockchain and innovation in sustainable infrastructure. Full Article
on OECD Insurance and Private Pensions Committee Elects New Chair By www.oecd.org Published On :: Thu, 07 Mar 2019 12:11:00 GMT 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. Full Article
on IOPS International Conference on Pension Supervision and Regulation 2019 By www.oecd.org Published On :: Tue, 12 Mar 2019 14:56:00 GMT 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. Full Article
on Portugal’s pension system needs to prepare for rapid population ageing By www.oecd.org Published On :: Wed, 20 Mar 2019 12:00:00 GMT 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. Full Article
on Pension Funds in Figures 2019 By www.oecd.org Published On :: Fri, 31 May 2019 13:14:00 GMT 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%). Full Article
on Reforming the Pension System in Turkey 2019 By www.oecd.org Published On :: Wed, 26 Jun 2019 15:34:00 GMT 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. Full Article
on Will future pensioners work for longer and retire on less? (Policy Brief) By www.oecd.org Published On :: Tue, 02 Jul 2019 09:00:00 GMT 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. Full Article
on Annual Survey of Investment Regulation of Pension Funds By www.oecd.org Published On :: Thu, 18 Jul 2019 09:17:00 GMT 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. Full Article
on OECD review of pension systems in Peru By www.oecd.org Published On :: Mon, 09 Sep 2019 12:52:00 GMT 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. Full Article