DRAFT OECD/IOPS CONFERENCE ON PRIVATE PENSIONS IN LATIN AMERICA 29 March 2006 29-30 March, 2006 DRAFT AGENDA 8:30 9:00 Participants registration 9:00 9:30 Opening Remarks Mr. Andrés Velasco, Minister of Finance of Chile (tbc) Senior OECD representative (tbc) 9:30 10:00 Introduction to OECD/IOPS Work on Pension Regulation and Supervision Private Pensions, COVIP, Italia, Chair of the Conference Mr. John Ashcroft, President of the IOPS, Head of Strategy, the Pension Regulator, United Kingdom 10:00 11:30 Session 1: Pension Reform in Chile after 25 years Mr. Javier Cascante, Superintendente of Pension Funds, Costa Rica Refining the Model along the 25 Years Ms. Solange Berstein, Head of Studies Division, Superintendency of Pension Fund Administrators, Chile Challenges Ahead for the Chilean Pension System Mr. Guillermo Larraín, Superintendent of Pension Fund Administrators, Chile 11:30 12:00 Coffee Break Mr. Guillermo Arthur, President of the Association of Pension Fund Administrators of Chile and the International Federation of Pension Fund Administrators 1
12:00 13:00 Session 2: Private Pension Regulation in an International Context Mr. Augusto Iglesias, Primamerica Speaker: Overview of the OECD Principles and Guidelines and implications for Chile Mr. Juan Yermo, Principal Administrator, OECD International Discussion Panel: Mr. Ross Jones, Deputy Chairman, APRA, Australia Mr. Darren McShane, Executive Director, MPFA, Hong Kong Mr. Daniel Barr, Chief Economist, PPM, Sweden 13:00-14:30 Lunch Key Note Speaker: Mr. Osvaldo Andrade, Minister of Labour and Social Security, Chile (tbc) 14:30 16:00 Session 3: Challenge of Coverage Mr. D. Swarup, Chairman, Pension Fund Regulatory and Development Authority, India Challenges and Options for Increasing Coverage: A Public Finance Perspective Mr. Salvador Valdés, Catholic University The role of financial education in improving coverage Ms. Fiona Stewart, Administrator, OECD Mr. Andras Uthoff, UN ECLAC (tbc) Mr. Kim Hee-Sik, Senior Economist, IMER, Korea 16:00-16.30 Break 2
16:30 18:00 Session 4: Payout Phase of Pension Systems Mr. John Ashcroft, President of the IOPS, Head of Strategy, the Pension Regulator, United Kingdom Who Bears the Risk in the Disbursement Phase? Mr. Agustín Vidal Aragón de Olives, BBVA, Spain Performance of the Chilean Annuities Market: Competition Works? Mr. Craig Thorburn, World Bank and Mr. Marcos Morales, Diego Portales University Mr. Alejandro Ferreiro, SVS, Chile Mr. Esko Kivisaari, Chairman of Pensions and Employee Benefits Committee, International Actuarial Association Reception to be hosted by the Superintendency of Pension Fund Administrators of Chile 3
30 March 2006 9:00 10:30 Session 5: Risk Management in a Defined Contribution World Mr. André Laboul, Head, OECD Financial Affairs Division and Secretary General of the IOPS What risk is relevant in a DC world? Professor Eduardo Walker, School of Business Administration, Catholic University, Chile Risk sharing - collective DC schemes Mr. Jos R. Heuvelman, Divisional Director, Pension Fund Supervision, DNB, Netherlands Mr. Tamas Fülöp, Head of Pension Funds Supervision Department, Hungarian Financial Supervisory Authority, Hungary Mr. Bob Baldwin, Consultant, Trade Union Advisory Committee (TUAC) 10:30 11:00 Coffee Break 11:00 12:30 Session 6: Risk Based Supervision in DC pension systems Mr. Ross Jones, Deputy Chairman, APRA, Australia Overview of Risk Based Supervision Project Mr. Richard Hinz, World Bank Mexican approach to Risk Based Supervision Ms. Solange Berstein, Head of Studies Division, Superintendency of Pension Fund Administrators, Chile Discussion Panel: Mr. Axel Oster, Federal Financial Supervisory Authority, Germany Mr. Edward Odundo, Chief Executive Officer, Retirement Benefits Authority, Kenya 4
12:30 14:00 Lunch 14:00 15:30 Session 7: The Challenge of Investment Choice and Costs Mr. Aerdt Houben, Chairman of the IOPS Technical Committee, De Nederlandsche Bank, Netherlands Pension Fund Choices and Costs in Mexico Mr. Mario Gabriel Budebo, President, CONSAR, Mexico Choice and costs in the Italian Pension System Private Pensions, COVIP, Italia The Clearing House Model in Sweden Mr. Daniel Barr, Chief Economist, PPM, Sweden Discussant: Mr. Waldo Tapia, Consultant, OECD 15:30 16:00 Closing Remarks Mr. Guillermo Larraín, Superintendent of Pension Fund Administrators, Chile Mr. John Ashcroft, President of the IOPS, Head of Strategy, the Pension Regulator, United Kingdom Private Pensions, COVIP, Italia, Chair of the Conference Mr. Eimon Ueda, Head, OECD Outreach Unit for Financial Sector Reform 5