The challenges to provide ageing populations with a financially secure retirement are well known. Recent trends in retirement system design and changing workforce dynamics mean individuals are taking more responsibility and risk to achieve adequate incomes in retirement. At the same time, many individuals do not have easy access to retirement savings vehicles. Society must ensure retirement systems are inclusive and sustainable, and provide adequate income for all. Achieving this balance is challenging but lessons can be learned from successful systems around the world.
This White Paper by World Economic Forum has been produced as part of the World Economic Forum Retirement Investment Systems Reform project, which has brought together pension experts to assess opportunities for reforms that can be adopted to improve the likelihood of retirement systems adequately and sustainably supporting future generations. The issues and findings discussed are the result of numerous interviews, discussions and workshops.