OECD adopts revised good DC design messages as recommendation
The OECD has published a 10-point plan for the good design of defined contribution (DC) pension plans, elevating the updated “roadmap” to the status of an OECD Council recommendation.
The initial guidelines were published in 2012, with the OECD’s working party on private pensions (WPPP) deciding to revise the report to incorporate all the work conducted over the years since and “to maintain its relevance given current contextual realities and the cumulated experience observed in OECD jurisdictions”.
“It’s a comprehensive update with comprehensive recommendations spanning accumulation and the pay-out phase,” Pablo Antolin, principal economist in the private pension unit at the OECD, told IPE.
He also said the guidelines had been updated with more accessible language.
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