DC Program 2019

Over the last couple of decades, retirement systems around the world have been facing similar challenges as life expectancy increases and puts pressure on the sustainability of both public Pay-As-You-Go systems and traditional employer-sponsored Defined Benefit plans. Several countries have countered these challenges with a significantly increased emphasis on Defined Contribution (DC) private saving, giving rise to what we call the Defined Contribution (DC) generation: those who will rely on this form of private saving to fund their retirement. DC systems shift much of the risk and decision-making responsibility around retirement planning onto individuals. Many new DC savers are on lower and moderate incomes, or working in sectors with employment patterns that have traditionally made them hard for the pensions industry to reach. Lots have no prior experience of pensions or investment products. The design and detail of the policies, markets and products that underpin DC systems vary from country to country, and there is a lack of discussion around how well they are serving the full spectrum of savers.

This was the starting point for the inaugural Global Defined Contribution (DC) Forum. In June 2019, Nest Insight partnered with the International Centre for Pension Management (ICPM) and the Aspen Institute Financial Security Program (FSP)to deliver a two-day conference in Vancouver, Canada, bringing together leading experts from around the world to exchange knowledge and ideas on the major issues facing savers and best practice in responding to those issues.

So, what’s next? We will soon be announcing the date for the next DC Program to be held in Dublin, Ireland.

Read about the key takeaways and discussions from the event (PDF)


  • Keith Ambachtsheer, KPA Advisory/ICPM – Canada
  • Neil Lloyd, Mercer – Canada
  • Ida Rademacher, Aspen Institute/Aspen FSP – USA
  • Katie Selenski, CalSavers – USA
  • Courtney Eccles, Secure Choice Illinois – USA
  • Lew Minsky, Defined Contribution Institutional Investment Association (DCIIA) – USA
  • Mark Fawcett, Nest Corporation – UK
  • Brnic van Wyk, QSuper – Australia
  • James Choi, Yale School of Management – USA
  • Christine Stokes, TIAA/Nuveen – USA
  • Anne Lester, J.P. Morgan Asset Management – USA
  • Barbara Sanders, Simon Fraser University – Canada
  • Lisa Bruggen, Maastricht University – Netherlands
  • Nico Lacetera, Rotman School of Management – Canada
  • Rob Bauer, ICPM/Maastricht – Netherlands
  • Alwin Oerlemans, APG – Netherlands
  • Todd Baker, Columbia University – USA
  • Jorge López, Miles to Retirement/Vitalis – Mexico
  • Carlo de Bassa Scheresberg, Global Financial Literacy Excellence Centre – USA
  • Karen Andres, Aspen FSP – USA
  • David John, AARP Public Policy Institute – USA
  • Alex Mazer, Common Wealth – Canada
  • Will Sandbrook, Nest Insight – UK