Asian Development Bank - Fighting Poverty in Asia and the Pacific
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Development of Insurance and Pensions Systems

A number of DMCs are undertaking social security systems reforms, primarily to ensure their financial viability, but also to help develop a domestic institutional investor base. Some economies are transforming their pension systems from un-funded pay-as-you-go systems towards funded systems with private management. A recent conference on private pensions, which was jointly organized by ADB and OECD under the aegis of the International Network of Pension Regulators and Supervisors discussed pertinent issues.

ADB projects supports this process through assistance for:

  • developing pension reform agendas
  • assessing funding requirements and developing restructuring options for social security systems
  • building the capacity of public provident and pension funds and social security administrations
  • improving governance framework and professional standards for pension fund managers
  • improving regulation and supervision