White Paper Investing in (and for) Our Future

White Paper

Investing in (and for) Our Future

June 2019

World Economic Forum 91-93 route de la Capite CH-1223 Cologny/Geneva Switzerland Tel.: +41 (0)22 869 1212 Fax: +41 (0)22 786 2744 Email: contact@

? 2019 World Economic Forum. All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means, including photocopying and recording, or by any information storage and retrieval system.

Contents

Foreword

5

Executive summary

6

Section 1 ? Introduction

7

Section 2 ? Accumulation

9

Section 3 ? Principles for investing in alternatives

17

Section 4 ? It's (also) about decumulation

20

Section 5 ? Key takeaways

27

Appendix ? Modelling methodology

28

Acknowledgements

33

Endnotes

35

Investing in (and for) Our Future

3

4

Investing in (and for) Our Future

Foreword

The challenges we face in providing our ageing societies 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 equip themselves with adequate incomes in retirement. At the same time, many individuals do not have easy access to retirement savings tools. We must ensure our retirement systems are inclusive and sustainable, and that they provide adequate income for all. Achieving this balance is challenging, but there are lessons that can be learned from successful systems around the world.

Maha Eltobgy, Head of Investors and Infrastructure, Member of the Executive Committee

This report has been produced as part of the World Economic Forum's 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 our retirement systems adequately and sustainably supporting future generations. The issues and findings discussed are the result of numerous interviews, discussions and workshops.

We would like to thank our project partner Mercer as well as the input from our Steering Committee and Expert Committee, which has allowed us to draw on unique expertise from different communities and knowledge networks.

Han Yik, Head of Institutional Investors

Investing in (and for) Our Future

5

 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download