Information and notices for supervised entities

he Council of the OECD for the Good Design of Defined Contribution Pension Plans The OECD Recommendation for the Good Design of Defined Contribution Pension Plans was adopted by the OECD Council on 23 February 2022. It can assist governments in designing both occupational and personal pension plans in which retirement income depends on contributions paid, investment returns, and the method of payment of retirement benefits. The recommendation could help to improve the resilience of retirement systems and increasing clients trust because it takes their best interests into account. The  recommendation was based on the revised knowledge and experience of the OECD from 2012 in this area and was updated with current knowledge. More detailed information and recommendation can be found here.

The IOPS Good Practices for designing, presenting and supervising pension projections were approved by the governing members of the International Organisation of Pension Supervisors (IOPS) in 2022. This document entails a set of good market practices and experiences in the design, presentation and supervision of the  pension projections. The  goal of this document is to point out to highlight the importance of transparency in pension forecasting, its clear and simple presentation, and last but not least, it should help pension savings supervisory authorities in its application in the market practice and supervision. Adequate pension projections, among other aspects, can play a key role in promoting the sustainability of pensions (especially for defined contribution pension schemes and plans (DC schemes)). This document is not legally binding and is voluntary in nature. More detailed information and the document itself can be found here.

IOPS Supervisory guidelines on the integration of ESG factors in the investment and risk management of pension funds were approved by the governing members of the IOPS in 2019 and was published on the IOPS website on October 22, 2019. This document contains a set of guidelines on the integration of ESG factors in the area of supervision of pension fund investment and risk management. The guidelines point to the fact that taking ESG factors into account in investing and managing risks in pension funds is in line with the standards, investment policy and obligations of pension managers. It further suggests more acceptable disclosure of ESG factors by pension funds. The guidelines are not legally binding and are voluntary in nature. Closely related to these guidelines are the IOPS Principles of Private Pension Supervision and IOPS good practices on pension funds investment governance. More detailed information and these guidelines can be found here.