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SAVING THE NEXT BILLION
FROM OLD AGE POVERTY
GLOBAL LESSONS FOR LOCAL ACTION

WHY THIS BOOK

This Book Project is the first of a series of initiatives by pinBox to jumpstart a global dialogue and collaborative action on pension inclusion across Asia, Africa and Latin America.

Over 1.2 Billion Future Destitute Elderly

Over 1.2 billion non-salaried workers in Africa, Asia and Latin America are excluded from formal pension arrangements.

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Sustainable Social Protection Policy Options

The only sustainable social protection policy option for developing countries is to:

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Drawing Lessons from Comparable Initial Conditions

OECD countries have mature pension systems and a wealth of experience with program design and implementation.

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Global Cooperation for a Replicable Solution

This Book is the first of a series of initiatives by pinBox to jumpstart a global dialogue and collaborative action on pension inclusion across Asia, Africa and Latin America.

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Challenges to Universal Pension Coverage

Table of contents

The Book presents the policy outlook, past efforts and planned interventions by several developing countries as well as thematic chapters on the key principles and issues in design and implementation of inclusive pension arrangements.

SECTION ONE

EXPANDING PENSION COVERAGE TO INFORMAL SECTOR WORKERS:

POLICY OUTLOOK AND RECENT COUNTRY EXPERIENCES

  • Towards Comprehensive Pension Coverage in India Dr Shashank Saksena, Adviser, Department of Economic Affairs, Ministry of Finance, Government of India
  • Rethinking Pension Inclusion in Kenya Dr Edward Odundo, Former Chief Executive Officer, Retirement Benefits Authority, Kenya and Former President, IOPS
    Dr Shem Ouma, Chief Manager and Head of Strategy, Retirements Benefits Authority, Kenya
  • The Experience with Auto-Enrolment in the U.K. Charlotte Clarke, Director, Private Pensions and Stewardship, U.K. Department for Work and Pensions
    Charles Counsell, Chief Executive, Money Advice Service
  • Pension and Population on Razor’s Edge in Bangladesh Dr Kavim Bhatnagar, Senior International Consultant
    Muhammad Muslim Chowdhury, Additional Secretary, Finance Department, Government of Bangladesh
  • The Private Pension Reform Experience in Turkey Uluc Icoz, Head of Department, Turkish Treasury
    Dr Kamer Karakurum Ozdemir, Senior Economist, The World Bank
  • An Inclusive and Integrated Pension Model for Informal Sector Workers in Rwanda Eric Rwigamba, Director General, Financial Sector Development, Ministry of Finance and Economic Planning, Republic of Rwanda
  • Inclusion of the Self-Employed in the Pension System in Chile Dr Javier Bronfman, Professor of Public Policy, School of Government, Adolfo Ibáñez University
    Dr Gonzalo Reyes, Senior Social Protection Economist, The World Bank
  • Pension Reform Challenges and Prospects in Nigeria Chinelo Anohu-Amazu, Former Director General, National Pension Commission, Nigeria
  • Developing Digital Pension Inclusion in Mexico Dr David Tuesta, Chief Economist, Financial Inclusion Unit, BBVA
    Carmen Hoyo, Head of Pensions, Banco de Mexico
  • Rethinking Pension Inclusion in Jamaica Nicolette Cupidon-Jenez, Deputy Executive Director, Financial Services Commission, Jamaica
    Sekayi Campbell, Chief Actuary, Financial Services Commission, Jamaica
    Al Kiel, Managing Partner, Morneau Shepell, Ontario
    Audia Bacchas, Associate Consultant, Pensions, Morneau Shepell
  • Rethinking Pension Inclusion in the Pacific Islands Denton Rarawa, Governor, Central Bank of Solomon Islands
    Krishnan Narasimhan, Deputy Programme Manager, PFIP/ UNCDF
  • Pension Reforms and Voluntary Coverage Expansion in Albania Astrit Hado, Director General of Social Insurance Institute (SII) of Albania
    John Ashcroft, JA Pension Consulting
  • Pension Inclusion in Indonesia Yves Guérard, Senior International Social Security Expert

SECTION TWO

BUILDING BLOCKS FOR INCLUSIVE PENSION PROGRAMS

  • National ID Systems and Pension Inclusion Robert Palacios, Global Lead, Pensions and Social Insurance, The World Bank
    Ernesto Brodersohn Ostrovich, Senior International Consultant
  • Pension Inclusion and Digital Payments Raghu R Malhotra, President, Middle East and Africa, MasterCard
  • IT and Digital Solutions for Pension Inclusion: Some Case Studies Parul Seth Khanna, Director, Global Head Communities and Partnerships, pinBox Solutions
    Gautam Bhardwaj, Director and Global Head Fintech, pinBox Solutions
    Varsha Marathe Dayal, Senior Financial Sector Specialist, The World Bank
  • Pension Investment Governance Dr Dorothee Franzen, Managing Director, Avida International, Germany
    John Ashcroft, JA Pension Consulting
  • Managing Costs and Optimizing Outcomes Mike Heale, Principal, CEM Benchmarking
    Paul Martiniello, Director, CEM Benchmarking
  • Building a Mass-Market for Micro-Pensions: Learnings from Microinsurance Craig Churchill, Chief, Social Finance Programme, ILO
  • Paying the Pension: Markets, Products and Choices William Price, Senior Financial Sector Specialist, The World Bank
    Evan Inglis, Senior Vice President, Nuveen Asset Management
  • Regulation, Supervision, Market Structure and Member Protection Michael Hafeman, Senior International Consultant
    William Price, Senior Financial Sector Specialist, The World Bank
  • Financial Inclusion and Pension Inclusion Lessons Learned on Access, Usage and Financial Capability Susy Cheston, Consultant, Cheston and Associates; Senior Advisor, pinBox Solutions
    Dr Elisabeth Rhyne, Managing Director, Center for Financial Inclusion at Accion
  • Delivering the Reform: The Central Role for a Mission Office Dr Alok Pande, Deputy Director General, Department of Posts, Government of India
    Darren Ryder, Director, Auto Enrolment, The Pension Regulator, U.K

ABOUT THE AUTHORS

The authors are senior policymakers, regulators and independent experts from several developing countries as well as global domain experts, with specialized knowledge and experience of both OECD and developing country pension and financial inclusion environments.

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Al Kiel

Managing Partner, Morneau Shepell, Ontario

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DR. ALFRED OUMA SHEM

Chief Manager and Head of Strategy, Retirement Benefits Authority

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Dr. Alok Pande

Deputy Director General, Department of Posts, Government of India

more...

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Astrit Hado

Director General of Social Insurance Institute (SII) of Albania

See Video  |  more...

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Audia Bacchas

Associate Consultant, Pensions, Morneau Shepell

more...

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Carmen Hoyo

Head of Pensions, Banco de Mexico

more...

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Charles Counsell

Chief Executive, Money Advice Service

See Video  |  more...

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Charlotte Clarke

Director, Private Pensions and Stewardship, U.K. Department for Work and Pensions

See Video  |  more...

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CHINELO ANOHU-AMAZU

Former Director General, National Pension Commission, Nigeria

more...

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Craig Churchill

Chief, Social Finance Programme, ILO

more...

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Darren Ryder

Director, Auto Enrolment, The Pension Regulator, U.K

See Video  |  more...

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Dr. David Tuesta

Chief Economist, Financial Inclusion Unit, BBVA

See Video  |  more...

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Denton Rarawa

Governor, Central Bank of Solomon Islands

more...

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Dr. Dorothee Franzen

Managing Director, Avida International, Germany

more...

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Dr. Edward Odundo

Former Chief Executive Officer, Retirement Benefits Authority, Kenya and Former President, IOPS

See Video  |  more...

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Dr. Elisabeth Rhyne

Managing Director, Center for Financial Inclusion at Accion

See Video  |  more...

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Eric Rwigamba

Director General, Financial Sector Development, Ministry of Finance and Economic Planning, Republic of Rwanda

more...

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Ernesto Brodersohn Ostrovich

Senior International Consultant

See Video  |  more...

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Evan Inglis

Senior Vice President, Nuveen Asset Management

See Video  |  more...

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Gautam Bhardwaj

Director and Global Head Fintech, pinBox Solutions

See Video  |  more...

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Dr. Gonzalo Reyes

Senior Social Protection Economist, The World Bank

See Video  |  more...

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Dr. Javier Bronfman

Professor of Public Policy, School of Government, Adolfo Ibáñez University

more...

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John Ashcroft

JA Pension Consulting

See Video  |  more...

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Dr. Kamer Karakurum Ozdemir

Senior Economist, The World Bank

more...

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Dr. Kavim Bhatnagar

Senior International Consultant

more...

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Krishnan Narasimhan

Deputy Programme Manager, PFIP/ UNCDF

more...

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Michael Hafeman

Senior International Consultant

See Video  |  more...

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Mike Heale

Principal, CEM Benchmarking

See Video  |  more...

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MOHAMMAD MUSLIM CHOWDHURY

Additional Secretary, Finance Department, Government of Bangladesh

more...

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Nicolette Cupidon-Jenez

Deputy Executive Director, Financial Services Commission, Jamaica

See Video  |  more...

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Parul Seth Khanna

Director, Global Head Communities and Partnerships, pinBox Solutions

See Video  |  more...

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Paul Martiniello

Director, CEM Benchmarking

more...

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Raghu R Malhotra

President, Middle East and Africa, MasterCard

See Video  |  more...

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Robert Palacios

Global Lead, Pensions and Social Insurance, The World Bank

more...

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Sekayi Campbell

Chief Actuary, Financial Services Commission, Jamaica

more...

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Dr. Shashank Saksena

Adviser, Department of Economic Affairs, Ministry of Finance, Government of India

more...

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Susy Cheston

Consultant, Cheston and Associates; Senior Advisor, pinBox Solutions

See Video  |  more...

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ULUC ICOZ

Head of Department, Turkish Treasury

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Varsha Marathe Dayal

Senior Financial Specialist, South Asia Finance and Private Sector Unit The World Bank

more...

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William Price

Senior Financial Sector Specialist, The World Bank

See Video  |  more...

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Yves Guérard

Senior International Social Security Expert

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VIEW FROM THE DEMAND SIDE

Brief interviews with young and old excluded informal sector workers on their present situation and outlook towards income security in old age

pinBox is a global social enterprise committed to digital pension inclusion in developing countries

CONTACT US

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80 Robinson Road, #02-00
Singapore (068898)

Email: info@pinboxsolutions.com

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