Seoul hosts a major international pension conference in 2013


In 28-30 October 2013, Seoul will host the annual general meeting of the International Organisation of Pension Supervisors (IOPS) and the OECD/IOPS Global Forum on Private Pensions. The decision was made at the meeting of the IOPS Executive and Technical Committees, held in 5-6 June 2012.

For those who are not well upon the IOPS, the IOPS is a Paris-based international body of private pension supervisors with membership of 66 countries. The Organisation was established in July 2004, following the dissolution of the International Network of Pension Regulators (INPRS), for the need of more formal and independent organization. This international pension organisation’s major goal is to improve the supervision of private pension systems, and its specific aims are; 1) setting the international standards on pension supervision, 2) promoting cooperation and exchanges of relevant pension bodies, 3) providing a forum for private pension policy dialogue and information exchange, 4) working with relevant international bodies, e.g. improving statistical collection and analysis, and 5) distributing, communicating, and collecting such information.

Since its inception, the IOPS has been working closely with OECD with regards to private pension systems. The two organizations have annually held the joint Global Forum on Private Pensions since 2005. As for this year’s Forum, it is scheduled to be held in 23-24 October in Santiago, Chile under the theme of “Making Funded Pensions Work.”

Against the backdrop of growing pension market in Korea, and increasing challenges to private pensions around the world – for which the OECD recommended countries to seek later retirement and extend the coverage of private pensions (Pensions Outlook, June 2012) – the Financial Service Commission is looking forward to promote international exchanges of private pension issues and experiences, and contribute to improvement of pensions system by hosting the IOPS conferences in Seoul.

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5 Responses to Seoul hosts a major international pension conference in 2013

  1. semme says:

    General Motors announced their plan to reduce pension liability on June 1. The plan is set to reduce pension liability by an estimated 26 billion dollars, and offers select salaried U.S. retirees a lump-sum payment. Other retirees may continue to receive a monthly pension payment. Navigating these choices will be a complicated process and it is suggested that the advice of a competent financial advisor be obtained. To learn more about initial eligibility and the options of the General Motors (NYSE:GM) Pension Buyout plan visit http://www.gmpensionbuyout.net. A free white paper is also available at this site. The decision deadline is set for July 20, 2012.

  2. Rick Atrium says:

    The General Motors Pension Buyout plan announced to cut the pension liability for the selected salaried U.S. retirees offering a lump-sum for monthly pension payment.
    In this Pension Buyout Video, Leon LaBrecque of LJPR, LLC in Troy, Michigan, speaks on the multitude of considerations involved in the General Motors (GM) lump sum pension buyout decision for salaried retirees.
    For more details, kindly visit: http://youtu.be/32ZRne7AoTQ

  3. Abe Simon says:

    July 20th is almost here, and if you’re a General Motors retiree you know that means your pension plan decision time is almost up. You’ve likely heard there are risks involved, but are you aware of what those risks are? It’s been recommended since the June 1 announcement that you seek the advice of an experienced financial planner while making your pension plan decision. If you’ve yet to act on that, don’t worry – there is still time. This video was created to help retirees better understand the pension plan choices: http://youtu.be/32ZRne7AoTQ. Face July 20th with confidence; let a financial planner help you make the right pension choice

  4. Abe simon says:

    Did you know that factors like your age, gender, and marital status will impact your buyout from GM in their lump sum pension buyout plan? Understanding the factors involved and the impact they have on your options are crucial to making the right choice for your family. The best way to ensure you make an educated choice is to consult with a qualified financial planner. The offices of LJPR, LLC out of Troy Michigan are experienced in helping retirees navigate pension buyout options. They have put together an online video to help GM retirees understand this decision process, which you can watch by clicking http://youtu.be/32ZRne7AoTQ. There are less than two weeks remaining before the decision deadline of July 20, 2012. Schedule your appointment with a financial planner today.

  5. hughsolomon says:

    Did you know that factors like your age, gender, and marital status will impact your buyout from GM in their lump sum pension buyout plan? Understanding the factors involved and the impact they have on your options are crucial to making the right choice for your family. The best way to ensure you make an educated choice is to consult with a qualified financial planner. The offices of LJPR, LLC out of Troy Michigan are experienced in helping retirees navigate pension buyout options. They have put together an online video to help GM retirees understand this decision process, which you can watch by clicking http://youtu.be/32ZRne7AoTQ. There are less than two weeks remaining before the decision deadline of July 20, 2012. Schedule your appointment with a financial planner today.

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