Managing and Supervising Risks in Defined Contribution Pension Systems

International Organization of Pension Supervisors Working Paper No. 12

88 Pages Posted: 15 Apr 2011

See all articles by Fiona Stewart

Fiona Stewart

Organization for Economic Co-Operation and Development (OECD)

John Ashcroft

affiliation not provided to SSRN

Date Written: October 1, 2010

Abstract

Defined contribution (DC) plans are playing a larger role in pension systems around the world. Pension supervisory authorities are consequently asking if their oversight approaches need to adapt to this development – given that the risks within DC systems are born by the plan members themselves?

This paper highlights the key challenges for DC supervisors, outlining the different mechanisms which can be used to control risks within DC systems, and how the use of these mechanisms informs the supervisory approach. Case studies of IOPS members overseeing DC systems are also provided.

Keywords: Defined Contribution Pensions, Supervision, Risk-Management

JEL Classification: G23, G32

Suggested Citation

Stewart, Fiona and Ashcroft, John, Managing and Supervising Risks in Defined Contribution Pension Systems (October 1, 2010). International Organization of Pension Supervisors Working Paper No. 12, Available at SSRN: https://ssrn.com/abstract=1809741 or http://dx.doi.org/10.2139/ssrn.1809741

Fiona Stewart (Contact Author)

Organization for Economic Co-Operation and Development (OECD) ( email )

2 rue Andre Pascal
Paris Cedex 16, 75775
France

John Ashcroft

affiliation not provided to SSRN ( email )

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