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- Title
Retirement Saving and the Payout Phase: How to Get There and How to Get the Most Out of It.
- Authors
Visco, Ignazio
- Abstract
In the wake of a dramatic financial crisis and with the first waves of baby boomers approaching retirement we hardly need to think about how best to arrive at the pension funds' payout phase. This paper argues that there is an urgent need to raise retirement saving, to reduce defined contribution plan members' exposure to investment risks and to provide the financial industry with cheap and safe payout instruments. These challenges are also likely to call for a more active government role.
- Subjects
RETIREMENT planning; FINANCIAL crises; BABY boom generation; INVESTMENTS; FINANCIAL services industry
- Publication
OECD Journal: Financial Market Trends, 2009, Vol 2009, Issue 1, p143
- ISSN
1995-2864
- Publication type
Article
- DOI
10.1787/fmt-v2009-art6-en