Over 1.2 billion informal sector workers in developing countries are excluded from formal pension arrangements and face the grim prospect of living in poverty for over two decades after they are too old to work. Without an urgent and effective response to pension exclusion, poverty among the future elderly in developing countries will emerge as the dominant cause of increased global poverty. On the other hand, nations that succeed in achieving comprehensive coverage of public and contributions-based pension and insurance programs, will benefit from a surge in stable, long-term savings that can fuel economic growth, employment and infrastructure development. The book presents a number of new ideas on how countries can combine existing digital financial inclusion infrastructure, with well-designed pension systems to provide secure, simple and universal access to affordable pensions. It brings together a unique collection of country-level case-studies and thematic chapters by policy makers, market practitioners and academics working at the forefront of expanding digital pension inclusion. It will be an indispensable guide to anyone who wants to understand how to combine advances in ID, IT, digital payments and financial inclusion with best practice solutions in mainstream finance to design well-governed pension markets that work in the best interests of members.

EXPANDING PENSION COVERAGE TO INFORMAL SECTOR WORKER - POLICY OUTLOOK AND RECENT COUNTRY EXPERIENCES: Issues, Experiences and Solutions in Saving the Next Billion from Old Age Poverty: Towards Comprehensive Pension Coverage in India / Rethinking Pension Inclusion in Kenya / The Experience With Auto-Enrolment in the U.K. / Pension and Population on Razor’s Edge in BANGLADESH / The Private Pension Reform Experience in TURKEY / An Inclusive and Integrated Pension Model for Informal Sector Workers in RWANDA / Inclusion of the Self-Employed in the Pension System in CHILE / Developing Digital Pension Inclusion in MEXICO / Rethinking Pension Inclusion in JAMAICA / Rethinking Pension Inclusion in the PACIFIC ISLANDS / Pension Reforms and Voluntary Coverage Expansion in ALBANIA / Pension Inclusion in INDONESIA / BUILDING BLOCKS FOR INCLUSIVE PENSION PROGRAMS: National ID Systems and Pension Inclusion / Pension Inclusion and Digital Payments / IT and Digital Solutions for Pension Inclusion: Some Case Studies / Pension Investment Governance / Managing Costs and Optimizing Outcomes / Building a Mass-Market for Micro-Pensions: Learning from Micro-Insurance / Paying the Pension : Markets, Products and Choices / Regulation, Supervision, Market Structure and Member Protection / Financial Inclusion and Pension Inclusion Lessons Learning on Access, Usage and Financial Capability / Delivering the Reform the Central Role for a Mission Office.