The purpose of this paper is to discuss a few issues related to how best to communicate uncertainty about projections of future pension benefits to members of DC plans, and especially to present a pension risk simulator developed by the Chilean regulator (Superintendencia de Pensiones, SP) that addresses directly how to convey that uncertainty and aims at eliciting a pro-active response from...

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El esquema de financiamiento del Seguro es tripartito, pues incluye la participación de tres actores de la economía: trabajadores, empleadores y el Estado. Dada la participación del Estado, este tiene la obligación de: (i) velar por la correcta asignación de sus recursos y (ii) anticipar los potenciales problemas financieros del SC. Luego, se requiere evaluar con cierta periodicidad el...

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El sistema pensional colombiano se encuentra en una de las etapas más críticas de los últimos años, representando el mayor problema fiscal que enfrentarán las finanzas públicas en el y en los próximos veinte años. Las modificaciones a la legislación hechas desde 1993 beneficiaron a contados sectores de la sociedad y desencadenaron en onerosos beneficios para unos pocos. Más que hacia un enfoque...

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El Informe recoge y analiza los principales resultados de un estudio sobre los comportamientos y actitudes de los españoles ante la jubilación y su conocimiento sobre los planes de pensiones. Este estudio ha sido encargado por ING DIRECT a la consultora de investigación de mercado Bufete de Marketing y responde a la intención del banco de conocer cuáles son las necesidades de los consumidores en...

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This paper provides a stylised assessment of the impact of investment-relevant pension fund regulations and accounting rules on contribution and investment strategies within the context of an asset-liability model (ALM) specifically designed for this purpose. The analysis identifies a substantial impact of regulations which, in a simplified way, resemble those in place in Germany, Japan, the...

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Most countries have separate pension plan for public sector employees. The future fiscal burden of these plans can be substantial as the government usually is the largest employer, pension promises in the public sector tend to be relatively generous, and future payments have to be paid out directly from government revenues (pay-as-you-go) or by funded plans (pension funds) which tend to be...

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The present report focuses on the pre-campaign planning, the design, the delivery, and the monitoring and evaluation of National Pension Communication Campaigns in a range of OECD and non-OECD countries. The research identifies barriers to effective communications and highlights models of good practice in order to help organisers design campaigns that are more effective in terms of impact and more...

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This paper examines and evaluates the content and design of the annual pension statement sent to members of funded defined contribution (DC) pension schemes in a selection of OECD and non-OECD countries. The aims of the research are to identify the potential shortcomings in statement planning and design processes, to consider potential barriers in communications to members, and to highlight trends...

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To adapt pension systems to demographic trends, many countries are reducing pay-as-you-go public pension levels and lifting retirement ages. In this context, funded pensions could play a major role to avoid adequacy gaps. Yet, as this paper shows, the coverage of funded private pensions, as measured by enrolment rates, is highly uneven across countries and between individuals, especially in...

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This report provides a broad view on income security in older age in low and middle-income countries. It suggests that social pensions can and should provide an essential floor of income in later life. Yet it recognizes that nearly all people will need to put in place varied income strategies for themselves beyond pensions. Este informe ofrece una visión amplia de seguridad de los ingresos en la...

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