Acknowledgements To focus on this critical and challenging topic, the World Michael O’Brien, Chief Executive Officer, EMEA, and Co- Economic Forum brought together multiple stakeholders, Head, Global Investment Solutions, J.P. Morgan Asset including national, state and local governments, regulators, Management, United Kingdom private and institutional investors, asset managers and insurance companies, drawing on solutions and experiences Robert Prince, Co-Chief Investment Officer, Bridgewater from various regions and countries, to implement the Associates, USA Retirement Investment Systems Reform project in Tharman Shanmugaratnam, Deputy Prime Minister and collaboration with Mercer. Coordinating Minister for Economic and Social Policies of Singapore The objective is to raise awareness of the implications of the market shift and look for opportunities to drive pension Theresa Whitmarsh, Executive Director, Washington State policy reforms. Best practices are also identified, and draft Investment Board, USA recommendations aim to ensure: 1) access by individuals to retirement solutions; 2) the sustainability of retirement Project Expert Committee systems; and 3) access by businesses and infrastructure to long-term capital. Leah Anderson, General Director, Financial Sector Policy Branch, Department of Finance of Canada, Canada The World Economic Forum would like to extend thanks to all those who support this project and the ongoing Angela M. Antonelli, Executive Director, Center for partnership. Retirement Initiatives, McCourt School of Public Policy, Georgetown University, USA Lead Author Gautam Bhardwaj, Co-Founder and Director, pinBox Stephanie Lane, Project Collaborator, Investors Industries, Solutions, Singapore World Economic Forum (on secondment from Mercer) Mel Charles, Head, Strategy, Design and Delivery, The World Economic Forum project team Pensions Regulator, United Kingdom Michael Drexler, Head of Financial and Infrastructure Mike Colby, Director, Client Services, Bridgewater Systems, Member of the Executive Committee Associates, USA Natalya Guseva, Community Lead, Institutional Investors Harry Conaway, President and Chief Executive Officer, Industry Employee Benefit Research Institute (EBRI), USA Adam Robbins, Practice Lead, Long-Term Investing Soon Khai Eng, Group Director, Policy, Central Provident Initiatives Fund Board of Singapore, Singapore Han Yik, Head of Institutional Investors Industry Casper van Ewijk, Chairman, Network for Studies on Pensions, Aging and Retirement (NETSPAR), Netherlands Project Steering Committee Matthew Eyton-Jones, Chief Executive Officer, CERN Jed Laskowitz, Co-Head, Global Investment Management Pension Fund, Switzerland Solutions, J.P. Morgan Asset Management, United Kingdom Elsa Fornero, Professor of Economics, University of Turin, Melissa Ma, Co-Founder and Managing Partner, Asia Italy Alternatives, Hong Kong SAR Tove Birgitte Foxman, Senior Consultant, PensionDanmark, Renée McGowan, Global Head of Individual Wealth, Denmark Mercer (MMC), USA Olga Fuentes, Deputy Chairman, Regulation, Torben Moger Pedersen, Chief Executive Officer, Superintendence of Pensions, Chile PensionDanmark, Denmark Robert Gardner, Chairman and Founder, Redington, United William Francis Morneau, Minister of Finance of Canada Kingdom Barbara Novick, Vice-Chairman, BlackRock, USA Teresa Ghilarducci, Bernard L. and Irene Schwartz Professor of Economics, The New School for Social Research, and 22 How We Can Save (for) Our Future