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OECD Pensions Outlook 2014

image of OECD Pensions Outlook 2014

This 2014 edition of the OECD Pensions Outlook examines the ever-changing pensions landscape. It looks at pension reform, the role of private pensions and retirement savings. Population ageing and longevity risk is examined as are the means of increasing coverage and providing automatic enrolment. The volume is rounded out by a chapter on default retirement strategies.

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Pension communication: Pension statements and national campaigns

This chapter looks at annual pension statements and national pension communication campaigns. It first examines pension statements themselves, setting out what they are and exploring their content, before turning to the challenge of communicating projections on pension benefits. It assesses how pension plan providers can best communicate projections of future benefits to members of defined contribution plans, looking in particular at how to convey the uncertainty underlying these projections. The second part of the chapter provides lessons learnt from examining national pension communication campaigns in various countries. Policy guidance is offered at the end of this chapter.

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