OECD Working Papers on Finance, Insurance and Private Pensions

ISSN :
2079-7117 (en ligne)
DOI :
10.1787/20797117
Cacher / Voir l'abstract
Selected studies on finance, insurance and private pensions policy prepared for dissemination in order to stimulate wider discussion and further analysis and obtain feedback from interested audiences. The studies provide timely analysis and background on industry developments, structural issues, and public policy in the financial sector. Topics include risk management, governance, investments, benefit protection, and financial education. Previous papers addressing these policy issues are available via http://dx.doi.org/10.1787/19936397.
 

Communicating Pension Risk to DC Plan Members

The Chilean Case of a Pension Risk Simulator You or your institution have access to this content

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Auteur(s):
Pablo Antolin, Olga Fuentes1
Author Affiliations
  • 1: Superintendence of Pensions, Chili

Date de publication
18 oct 2012
Bibliographic information
N°:
28
Pages
25
DOI
10.1787/5k9181hxzmlr-en

Cacher / Voir l'abstract

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 individuals in terms of contributing more and for longer.
Mots-clés:
uncertainty, defined contribution pension plans, projections, pensions, pension benefit, communication, pension risk simulator, financial education
Classification JEL:
  • D14: Microeconomics / Household Behavior and Family Economics / Personal Finance
  • D18: Microeconomics / Household Behavior and Family Economics / Consumer Protection
  • G23: Financial Economics / Financial Institutions and Services / Non-bank Financial Institutions; Financial Instruments; Institutional Investors
  • G28: Financial Economics / Financial Institutions and Services / Government Policy and Regulation
  • I28: Health, Education, and Welfare / Education and Research Institutions / Government Policy
  • J26: Labor and Demographic Economics / Demand and Supply of Labor / Retirement; Retirement Policies
  • O16: Economic Development, Technological Change, and Growth / Economic Development / Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
  • O19: Economic Development, Technological Change, and Growth / Economic Development / International Linkages to Development; Role of International Organizations