Ageing and pension system reform: implications for financial markets and economic policies
Gespeichert in:
| Format: | Buch |
|---|---|
| Sprache: | English |
| Veröffentlicht: |
Paris
2005
|
| Schriftenreihe: | Financial market trends Supplement
2005,1 |
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | 111 S. graph. Darst. |
| ISBN: | 9264035753 |
Internformat
MARC
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Datensatz im Suchindex
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|---|---|
| adam_text | IMAGE 1
TABLE OF CONTENTS
EXECUTIVE SUMMARY 9
INTRODUCTION 15
CHAPTER I. ECONOMIC CONSEQUENCES OF AGEING POPULATIONS 17
1.1. AGEING POPULATIONS 17
1.2. MACROECONOMIC IMPLICATIONS 18
1.3. PUBLICLY-FINANCED PENSIONS 21
1.4. PRIVATE SAVING FOR RETIREMENT: RECENT DEVELOPMENTS 24
1.5. THE LIKELY RISE OF SAVING FOR RETIREMENT 25
CHAPTER II. AGEING, RETIREMENT SAVINGS AND FINANCIAL MARKETS 29
II. 1. RECENT STRUCTURAL AND REGULATORY CHANGES IN THE PENSION FUND
INDUSTRY 31 II.2. ASSET-LIABILITY MANAGEMENT 36
II-3. IMPLICATIONS FOR FINANCIAL MARKETS 37
11.4. FINANCIAL INSTRUMENTS 44
INSTRUMENTS FOR INSTITUTIONAL INVESTMENT 44
INSTRUMENTS FOR PERSONAL (PILLAR 3) PENSION PLANS 49
11.5. FACTORS IMPEDING MARKET DEVELOPMENT 52
CHAPTER III. POLICY CHALLENGES AND ACTIONS 55
HI. I. ENCOURAGING FUNDING AND PRIVATE PENSION SAVINGS 56
HI.2. THE DEVELOPMENT OF FINANCIAL INSTRUMENTS AND ASSOCIATED
INFRASTRUCTURE 59 DEVELOPING MARKETS FOR INFLATION-INDEXED AND
ULTRA-LONG FIXED INCOME SECURITIES 60 DEVELOPING MARKETS FOR LONGEVITY
RISK 61
HI.3. IMPROVING THE PRUDENTIAL REGULATION AND SUPERVISION OF PENSION
PROVIDERS 63 REFORMING FUNDING RULES 65
STRENGTHENING PENSION FUND GOVERNANCE 68
REFORMING INVESTMENT REGULATIONS 69
TOWARDS SOUND SUPERVISION 70
FINANCIAL STABILITY CONSIDERATIONS 71
III.4. PROTECTION OF PENSION BENEFICIARIES AND FINANCIAL EDUCATION 73
HOW MUCH PROTECTION DO DB PLANS NEED AGAINST SPONSOR BANKRUPTCY? 73
IMPROVING RISK SHARING BETWEEN MEMBERS AND PLAN SPONSORS 75
REGULATING DC PLANS 75
MAKING FINANCIAL EDUCATION PROGRAMMES MORE EFFECTIVE 78
OECD 2005
IMAGE 2
FINANCIAL MARKET TRENDS, NOVEMBER 2005 - SUPPLEMENT
ANNEXES
ANNEX 1.1. THE PARTIALLY OFFSETTING EFFECT OF HIGHER PARTICIPATION RATES
ON THE IMPACT OF AGEING ON LABOUR SUPPLY 80
ANNEX 1.2. DEMOGRAPHIC TRENDS AND INTERNATIONAL CAPITAL FLOWS 82
ANNEX 1.3. AGEING, ASSET PRICES AND THE TRANSMISSION OF MONETARY POLICY
86 ANNEX II. 1. ACCOUNTING CHANGES IN THE PENSION FUND INDUSTRY 88
NOTES 93
REFERENCES 100
GLOSSARY 107
APPENDIX COMPOSITION OF THE WORKING GROUP AND CONTACT POINTS 111
RESUME : LES CONSEQUENCES DU VIEITLISSEMENT ET DE LA REFORME DES REGIMES
DE RETRAITE SUR LES MARCHES DE CAPITAUX ET LA POLITIQUE ECONOMIQUE 113
LIST OF BOXES
II. I. THE NEW FINANCIAL ASSESSMENT FRAMEWORK FOR PENSION FUNDS IN THE
NETHERLANDS 34 11.2. DISCOUNT RATES 38
11.3. BONDS VERSUS EQUITIES 40
11.4. LONGEVITY BONDS 48
11.5. RETIREMENT AND REAL ESTATE 51
III. I. INTERNATIONAL PRINCIPLES AND GUIDELINES FOR OCCUPATIONAL PENSION
REGULATION 64 A.II.L. COMPARISON OF US GAAP, UK FRS 17 AND PROPOSED IAS
STANDARDS 89
LIST OF TABLES 1.1. AGEING-RELATED PUBLIC SPENDING PRESSURES ARE
MOUNTING 21
1.2. MOST GTO COUNTRIES HAVE RECENTLY REFORMED THEIR PENSION SYSTEMS 23
1.3. PENSION FUNDS IMPORTANCE VARIES CONSIDERABLY ACROSS TIME AND SPACE
24 1.4. THE COMPOSITION OF HOUSEHOLD PORTFOLIOS HAS SHIFTED OVER TIME 26
11.1. SELECTED G10 COUNTRIES: POTENTIAL DEMAND FOR LONG-TERM AND
INFLATION-LINKED BONDS NOT MATCHED BY SUPPLY 45
A.1.2. OLD-AGE DEPENDENCY RATIOS 82
A.II.L. IMPORTANT DIFFERENCES IN THE THREE ACCOUNTING STANDARDS 91
OECD 2005
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| indexdate | 2024-07-09T23:14:22Z |
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| isbn | 9264035753 |
| language | English |
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| owner_facet | DE-188 DE-N2 |
| physical | 111 S. graph. Darst. |
| publishDate | 2005 |
| publishDateSearch | 2005 |
| publishDateSort | 2005 |
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| series | Financial market trends Supplement |
| series2 | Financial market trends : Supplement |
| spelling | Ageing and pension system reform implications for financial markets and economic policies OECD, Organisation for Economic Co-operation and Development Paris 2005 111 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Financial market trends : Supplement 2005,1 Altersversorgung (DE-588)4001479-4 gnd rswk-swf Reform (DE-588)4115716-3 gnd rswk-swf Bevölkerungsentwicklung (DE-588)4006292-2 gnd rswk-swf Kreditmarkt (DE-588)4073788-3 gnd rswk-swf Sparen (DE-588)4056023-5 gnd rswk-swf Zehnergruppe (DE-588)4190569-6 gnd rswk-swf Zehnergruppe (DE-588)4190569-6 g Bevölkerungsentwicklung (DE-588)4006292-2 s Altersversorgung (DE-588)4001479-4 s Reform (DE-588)4115716-3 s Sparen (DE-588)4056023-5 s Kreditmarkt (DE-588)4073788-3 s DE-188 OECD Sonstige (DE-588)5157-3 oth Financial market trends Supplement 2005,1 (DE-604)BV026533291 2005,1 SWB Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=022097854&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Ageing and pension system reform implications for financial markets and economic policies Financial market trends Supplement Altersversorgung (DE-588)4001479-4 gnd Reform (DE-588)4115716-3 gnd Bevölkerungsentwicklung (DE-588)4006292-2 gnd Kreditmarkt (DE-588)4073788-3 gnd Sparen (DE-588)4056023-5 gnd |
| subject_GND | (DE-588)4001479-4 (DE-588)4115716-3 (DE-588)4006292-2 (DE-588)4073788-3 (DE-588)4056023-5 (DE-588)4190569-6 |
| title | Ageing and pension system reform implications for financial markets and economic policies |
| title_auth | Ageing and pension system reform implications for financial markets and economic policies |
| title_exact_search | Ageing and pension system reform implications for financial markets and economic policies |
| title_full | Ageing and pension system reform implications for financial markets and economic policies OECD, Organisation for Economic Co-operation and Development |
| title_fullStr | Ageing and pension system reform implications for financial markets and economic policies OECD, Organisation for Economic Co-operation and Development |
| title_full_unstemmed | Ageing and pension system reform implications for financial markets and economic policies OECD, Organisation for Economic Co-operation and Development |
| title_short | Ageing and pension system reform |
| title_sort | ageing and pension system reform implications for financial markets and economic policies |
| title_sub | implications for financial markets and economic policies |
| topic | Altersversorgung (DE-588)4001479-4 gnd Reform (DE-588)4115716-3 gnd Bevölkerungsentwicklung (DE-588)4006292-2 gnd Kreditmarkt (DE-588)4073788-3 gnd Sparen (DE-588)4056023-5 gnd |
| topic_facet | Altersversorgung Reform Bevölkerungsentwicklung Kreditmarkt Sparen Zehnergruppe |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=022097854&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| volume_link | (DE-604)BV026533291 |
| work_keys_str_mv | AT oecd ageingandpensionsystemreformimplicationsforfinancialmarketsandeconomicpolicies |