This third edition of the OECD Pensions Outlook provides an analysis of different pension policy issues in OECD countries covering both public and private pension systems.

This report is the joint work of staff of the Financial Affairs Division of the OECD Directorate for Financial and Enterprise Affairs and the Social Policy Division of the OECD Directorate for Employment, Labour and Social Affairs. It has benefited from contributions from national government delegates, particularly delegates to the Committee for Financial Markets, the Insurance and Private Pensions Committee, the Working Party on Private Pensions and the Working Party on Social Policy. The views expressed here do not necessarily correspond to those of the national authorities concerned.

The editorial team for this report was led by Pablo Antolin. Chapter 1 was prepared by Romain Despalins and Pablo Antolin; Chapter 2 by Stéphanie Payet and Pablo Antolin; Chapters 3 and 4 by Jessica Mosher and Pablo Antolin; Chapter 5 by Chiara Monticone and Flore-Anne Messy; and Chapter 6 by Andrew Reilly and Hervé Boulhol. The editorial team would like to thank Ole Beier, Emmy Labovitch, and Dariusz Stanko for their insightful discussions and comments; and Sally Day-Hanotiaux for all her support. Editorial and communication support was provided by Pauline Arbel, Pamela Duffin, Kate Lancaster and Edward Smiley.

Financial help from various institutions is gratefully acknowledged. This publication has been produced with the financial assistance of the European Union. The view expressed herein can in no way be taken to reflect the official opinion of the European Union. The research on private pensions contained in this publication has also benefited from the financial support of Allianz Asset Management, International Pensions and Allianz Global Investors, Principal International Group, and Pruco Life Insurance Company.

Monika Queisser and Stefano Scarpetta of the Directorate for Employment, Labour and Social Affairs, and Adrian Blundell-Wignall, André Laboul, and Pierre Poret of the Directorate for Financial and Enterprise Affairs provided useful advice and feedback.