| Resumen: |
The OECD Pensions Outlook analyses pension markets and pension policy issues in OECD Member countries and partner economies. It addresses all pension arrangements, private and public, in which assets back retirement income. It covers their design, regulation and supervision, as well as their role in complementing other components of the pension system. Despite continued growth in pension assets, individuals may not be saving enough to secure adequate retirement income. Pension assets increased in most OECD countries in 2025, driven by higher contributions and positive investment returns, but significant differences remain across countries. Contribution gaps persist in nearly all OECD countries, with additional contribution needs varying across population groups. Yet only 19 of the 38 OECD countries have mandatory or quasi-mandatory pension plans, while participation in voluntary plans remains limited. In almost half of the 19 OECD countries where only voluntary plans are available, fewer than half of working-age individuals participate. Policy measures addressing barriers to saving, including financial advice and taxation, and improving pension fund investment and risk management, can help boost contributions to asset-backed pension plans and improve retirement income adequacy. |
