Pensions and Provident Funds

Leveraging Technology to Secure Asia's Future

Publication Date	October 2006
Publisher	IDC
Product Type	Report
Pages	23
ISBN Number	not applicable
Product Code	IDC05206

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Summary

This Financial Insights report examines reform efforts in Asia's pensions and provident fund (PPF) industry. It presents two case studies showing how new technology and outsourcing are playing a central role in these reform activities.

"Today, Asia is enjoying strong economic growth coupled with favorable demographics," notes Douglas A. Jaffe, research director, Financial Insights Asia/Pacific. "However, old-age dependency ratios are increasing, and rapid economic growth will eventually slow."

Jaffe concludes, "This reality is forcing PPF reform onto government agendas, and leaders would be wise to consider the benefits of technology and outsourcing in helping achieve their reform goals."

Content

Financial Insights Opinion
In This Report
- Brief Description of the Situation
  - Information Technology and Outsourcing
Situation Overview
Figure: Asia/Pacific Demography: Old-Age Dependency Ratio by Selected Country, 2005 and 2050
- A Change Is Occurring
Future Outlook
- Russell Investment Group
  - The Superannuation Industry
    - Introducing Choice
    - Move Toward Consolidation
  - Business Drivers
    - Decision to Outsource
  - Implementation
    - Project Goals
      - Win-Win Agreement
    - IT Investments
    - Table: IBM Investment Initiatives
    - Timeline
    - Figure: Russell/IBM Project Timeline
  - Business Benefits
  - Table: Benefits for Russell
  - Table: Benefits for IBM
  - Challenges and Lessons
  - Table: Future Challenges and Concerns
  - Future Plans
- Coal Mines Provident Fund Organization
  - How It Works
  - Business Drivers
  - Implementation
    - Project Goals
    - Technology Partners and Solutions
    - Timeline
    - Figure: Coal Mines Provident Fund Organization/SAP Project Timeline
  - Business Benefits
  - Table: Project Benefits of the Coal Mines Provident Fund Organization Implementation
  - Challenges and Lessons
  - Table: Challenges Faced During the Coal Mines Provident Fund Organization Implementation
  - Future Plans
- A Bright Future
- Table: Pension Assets Under Management by Selected Country, 2004 and 2015 (US$B)
Essential Guidance
- Actions for Financial Institutions
- Actions for Vendors
Learn More
- Related Research
- Appendix: Clarification of Pay-As-You-Go and Funded Pensions
  - Explanatory Note
    - Pay as You Go Versus Funded
    - Net Burden on Society
- Synopsis