A reporting standard for defined contribution pension plans
Pension regulators stress the need for plan members to receive information allowing them to monitor their future pension wealth and the investment risk they bear. This paper by Kees de Vaan (Syntrus Achmea), Daniele Fano (Tor Vergata University), Herialt Mens (Aegon) and Giovanna Nicodano (University of Turin) proposes a simple method for projecting DC pension benefits at retirement on a yearly basis, which may be a building block towards an industry reporting standard. They discuss two reporting formats, one based on accumulated capital at retirement and the other on monthly pension wage.