OECD urges pension regulators to reduce importance of market consistency in stressed periods


As part of a bid to reduce counter-cyclicality, pension regulators should avoid excessive reliance on current market values for determining contribution levels in stressed periods, according to the Organisation for Economic Co-operation and Development (OECD). In a study called, "The impact of the financial crisis on defined benefit pension plans and the need for counter cyclical funding regulations", the Paris-based OECD called for reform to pension regulation in order to increase the attrac