Pension Markets in Focus provides detailed and comparable statistics on asset-backed pension systems around the world. Published annually, the report aims to help policy makers, regulators and other stakeholders evaluate the design and operation of pension systems, and to support policy discussions through international comparisons.
This edition looks at the impact of elevated inflation, higher interest rates and other macro-economic and financial developments on asset-backed pension systems in 2022, and in particular on investment performance, portfolio allocation, participation in pension plans and contributions paid to these plans. The report also examines the evolution of the value of assets earmarked for retirement, the liabilities of defined benefit plans embedding a promise to plan members by plan sponsors, and the fees charged to members of defined contribution plans.
Data used to prepare this report were collected from pension authorities and other bodies within the framework of the OECD’s Global Pension Statistics project of the OECD Working Party on Private Pensions. The OECD’s partnership with the International Organisation of Pension Supervisors (IOPS) and the World Bank expands the geographical coverage of the report beyond the OECD area. The OECD is grateful to the IOPS and the World Bank who helped in the data collection, and to pension authorities and other reporting bodies for providing data and comments.
The report was prepared by the OECD Directorate for Financial and Enterprise Affairs (DAF) under the leadership of Carmine Di Noia, Director for Financial and Enterprise Affairs, and under the direction of Pablo Antolin, Head of the Insurance and Pensions Unit. This report was prepared by Romain Despalins with inputs from Stéphanie Payet from DAF’s Insurance and Pensions Unit. The report benefitted from comments by Serdar Çelik, Head of DAF’s Capital Markets and Financial Institutions Division, and Jessica Mosher. Sally Day-Hanotiaux provided statistical assistance. Eva Abbott, Meral Gedik and Flora Monsaingeon-Lavuri provided editorial assistance and prepared for publication.