OECD turns its attention to possible further regulation of DC plans, impact of accounting standards

At the recent Working Party on Private Pensions (WPPP) meeting of the Insurance and Private Pensions Committee (IPPC) of the Organization for Economic Cooperation and Development (OECD) in Paris, the agenda focused on largely on defined contribution plans and the current economic turmoil.  This should be of interest to employers and service providers to DC plans everywhere, whether engaged in cross-border business activity or not, as this appears to signal of the beginning of a long schedule of work in this area by the OECD.  Though often thought of primarily as a data-gathering entity, the OECD also reviews private pension systems in member countries, analyses policy and technical issues, and formulates pension policy recommendations.  As those who follow it have observed, the OECD has become increasingly active in the pension area.