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Protecting retirement income derived from DC pension plans requires carefully designed default investment strategies. This article assesses the relative performance of different investment strategies for different structures of the payout phase, focusing on life-cycle strategies.
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This paper discusses the impact of the crisis on defined benefit (DB) pension schemes and the temporary responses taken by regulators to help ease financially strained plan sponsors. It presents suggestions to governments and policy makers for making funding regulations more counter-cyclical in nature. Such measures could strengthen the security of DB benefits and help to maintain DB plans for future workers.
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This paper assesses the relative performance of different investment strategies for different structures of the payout phase.
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This paper inquires into the forces that drive the practice of risk management at defined benefit (DB) pension funds in Germany, Netherlands, United Kingdom and the United States in the aftermath of the perfect pension storm. First, pension funds’ risk management is grounded in the context of the development of modern risk management in the financial industry more general. Second, focusing solely on single-employer sponsored DB
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Drawing on the experience of the pensions and other financial sectors, this paper examines what sort of risk-management framework pension funds should have in place. Such frameworks are broken down into four main categories: management oversight and culture; strategy and risk assessment; control systems; and information and reporting. Ways in which supervisory authorities can check that such systems are operating are also considered,
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The IOPS Principles for Pension Supervision are designed to cover occupational and personal pension plans and pension funds.
Solange Berstein talks about what other countries can learn from Chile's pensions reforms of the past 12 months.
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This paper assesses the impact of different quantitative approaches to regulate investment risk on the retirement income stemming from defined contribution (DC) pension plans. It looks at how such regulations affect the spectrum of investment policies available and, through this channel, how they affect the retirement income that an individual may expect from a DC pension plan.
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This OECD Recommendation invites governments to encourage implementation of the Core Principles of Occupational Pension Regulation to assist in meeting those objectives.