News Digest:

The 2022 OECD Pensions Outlook underscores the need to ensure a sustainable and adequate retirement income for pensioners with a focus on pensions as a long-term investment in the future wellbeing of citizens. The report released in December, however, says the recent economic crisis hasn’t had a significant impact on pension outcomes.

OECD data suggests a steady increase in pension assets during 2021 with those earmarked for retirement showing a steady increase with a few short-lived downturns. These assets had more than tripled in value over the past year.

Takeaway:

Another report released by the World Economic Forum highlighted that the combined retirement savings gap is expected to touch $400 trillion by 2050 between eight major economies that include the US, UK, Canada, Australia, the Netherlands, Japan, India and China. OECD says given their long-term horizon, pensions are prime candidates for investments in long term but illiquid assets such as infrastructure.

End Notes

Source: https://www.oecd-forum.org/posts/strengthening-pension-reforms-in-the-face-of-global-crises