Recent Social Security Reforms In Selected Asian Countries

There are considerable variations in the philosophy, coverage, investment policies and performance, design of schemes, governance structures, degree of professionalism and adequacy of benefits among Asian countries. The pensions sector requires strong government regulation. For most Asian countries , given their level of development there is a strong case for dedicated pension regulator. However as distinctions among financial service providers becomes more blurred, greater coordination among regulators will be needed and eventually , a super regulator covering the whole financial and capital markets sector , may become necessary.