1. OECD GLOBAL PENSION STATISTICS European Bond Commission Amsterdam, 25th of June 2004 Organisation for Economic Co-operation and Development Jean-Marc Salou Financial Markets Division OECD Directorate for Financial and Enterprises Affairs

2.  Source of comparable, timely, reliable information;  A forum for policy-makers from OECD countries to discuss public policy towards private pensions, -- between pensions regulators, and, -- supervisors with inputs from industry and research Community;  Practical, effective policy advice with a view to promote benefit security;  High quality, independent analytical work. The OECD’s role on private pension systems

3. Current pension analytical work at the OECD  OECD Global Pension Statistics Project;  Funding, investment and benefit;  Financial education and consumer choice;  Personal pension plans and annuities markets.

4.  develop an analytical database of international pension statistical indicators using coherent statistical concepts and data collected primarily from administrative sources. The OECD Global Pension Statistics project…

5. The project specifically targets the following issues  Lack of comprehensive administrative data for key indicators  Lack of timely data to monitor the financial activity of the international pension industry  Further improve the transparency

6. Variables  Assets  Liabilities  Income  Expenditure  Membership

7. Where Are We?   A common vocabulary: the Taxonomy and Glossary of pension terms;   Approval of the questionnaire by the Task Force on Pension Statistics and the Working Party on Private Pensions;   First round of the on-going data collection (2001 and 2002 data). 7

8. Moving forward   Building on the results from the 2003 statistical exercise, we have starting revisiting the project ’ s framework; - -Further information on assets and liabilities calculation techniques; - -Further information on performance; - -Up-to-date data through the delivery of preliminary or estimates for research purposes (target: one year delay by end-2004); - -Coherence within the SNA framework (Taxonomy and Glossary);   Publication of a newsletter including indicators; - -Identify meaningful indicators that could be added to the analytical database.   Next data collection round for the base year 2003 by October 2004. 8

9. Pension funds portfolio mix by investment products, 2002 data (as a % of total investments). Source: OECD Global Pension Statistics project (2003 data collection round). Of which:

10. Source: OECD Global Pension Statistics project (2003 data collection round).

11. Share of bonds in private pensions total investments, 1995-2002(p) Source: OECD Secretariat calculations, various sources.

12. Source: OECD Global Pension Statistics project (2003 data collection round).

13. Weight of private pension in the economy

14. Weight of private pension in the economy (continued) Source: OECD Global Pension Statistics project (2003 data collection round).

15. Bonds vs. Shares in total investments of private pension funds, 2002. Source: OECD Secretariat calculations, various sources.