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Finance and Credit
 

Automatic enrolment in pension systems: The experience of New Zealand, Italy, and the UK

Vol. 23, Iss. 47, DECEMBER 2017

PDF  Article PDF Version

Received: 31 October 2017

Received in revised form: 15 November 2017

Accepted: 1 December 2017

Available online: 22 December 2017

Subject Heading: FISCAL SYSTEM

JEL Classification: H55, I38, J32

Pages: 2843–2857

https://doi.org/10.24891/fc.23.47.2843

Pudova D.O. Financial Research Institute of the Ministry of Finance of the Russian Federation, Moscow, Russian Federation
dpudova@nifi.ru

Importance This article discusses the issues of pension systems in the OECD countries and their pension reforms.
Objectives The article aims to analyze the experience of using automatic enrolment as a pension plan mode in New Zealand, Great Britain, and Italy.
Methods The information and analysis materials and legislation of OECD countries are used to implement the objective.
Results The article presents the results of analysis of the retirement schemes and programs of the three countries mentioned.
Conclusions and Relevance The demand for automatic enrolment has increased in recent years, but not all countries have achieved effective implementation. The conducted analysis of the experience of OECD countries is a scientific and methodological contribution to justify the possible use in Russia of the foreign practice of including people in retirement schemes.

Keywords: automatic enrolment, pension plan, funded pension, retirement benefit scheme, coverage, OECD

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