Private pensions

OECD Guidelines for Pension Fund Governance

 

Download the full text of the Guidelines (pdf)

These Guidelines lay down a framework for strengthening pension fund governance in order to better serve the needs of members and beneficiaries. The revised Guidelines tackle issues such as stakeholder representation in pension fund boards, the requirements of expertise and knowledge of the board, and the implementation of risk-based governance structures and mechanisms.

These Guidelines revise the OECD recommendation first issued in 2005. They reflect the views of the 30 OECD member governments as well as other countries (Brazil, Chile, Estonia, India, Israel, Russian Federation, and South Africa) that have observer status in the Working Party on Private Pensions, the OECD body that developed the guidelines, under the aegis of the Insurance and Private Pensions Committee.

The draft Guidelines are primarily addressed to governments, pension fund supervisors and pension fund associations.

 

Public consultation

The draft Guidelines for Pension Fund Governance was made available for public comment through an online consultation between 5 August and 1 October 2008. The OECD Working Party on Private Pensions considered the submissions at a meeting on 1 December 2008.

 

Related reading

Working paper on pension fund governance outlining challenges and potential solutions

 

 

 

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