OECD Pensions Outlook 2018
The 2018 edition of the OECD Pensions Outlook examines how pension systems are adapting to improve retirement outcomes. It focuses on designing funded pensions and assesses how different pension arrangements can be combined taking into account various policy objectives and risks involved in saving for retirement. It looks at how countries can improve the design of financial incentives, and presents policy guidelines on aligning charges and costs of providing funded pensions.
This edition also draws lessons from nationally significant investment institutions on strengthening the governance, investment policies and investment risk management of pension funds. It provides guidelines on improving retirement incomes considering behavioural biases and limited levels of financial knowledge, and discusses the implications of mortality differences on retirement incomes across different socioeconomic groups. Lastly, it examines whether survivor pensions are still needed.
Strengthening the application of OECD Core Principles of Private Pension Regulation: Lessons from Investment Institutions
This chapter considers how the governance frameworks and investment policies of several nationally significant investment institutions contribute to realising the missions of these institutions. It maps the set-up and practices of the different institutions against the recommendations of the OECD Core Principles of Private Pension Regulation, especially Core Principle 3: Governance and Core Principle 4: Investment and Risk Management. The chapter builds on this analysis to determine how the application of the recommendations might be strengthened to help improve outcomes for members of private pension schemes. The institutions examined include pension funds, reserve funds and sovereign wealth funds.