17 April, 2024
Last December 5, 2016, the OECD published the third edition of the report “OECD Pensions Outlook 2016.” The report analyzes the major policy issues facing the public and private pension systems in the 35 OECD member countries.
The report shows that DC systems have expanded worldwide; in fact, the number of countries in which DC pension funds assets represent more than 100% of GDP increased from 4 (Canada, Netherlands, Switzerland, USA) to 7 (Australia, Canada, Denmark, Iceland, the Netherlands, Switzerland and the United States) between 2000 and 2015.
The report shows the increasing role of the defined contribution (DC) pension systems in financing pensions, and the new challenges they impose on pension policies worldwide. It states that in order to mitigate investment and longevity risks, and maximize the benefits of the DC systems, adjustments like the following must be made:
To read the full report, please visit the following link.
17 April, 2024
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