OECD invites public comment on draft guidelines on pension fund governance

01/08/2008 - The OECD is inviting public comment on draft guidelines to help pensions regulators and supervisory authorities improve pension fund governance. They are part of a broader OECD effort to strengthen public confidence in private pension systems.

The guidelines, which were first issued as an OECD recommendation in 2005, have been since revised by the OECD Working Party on Private Pensions to strengthen the requirements of good pension fund governance.

New issues covered by the revised guidelines include the need for balanced representation of stakeholders in pension fund boards, greater expertise and knowledge among board members, and risk-based governance structures and mechanisms.

The deadline for comments is 1 October 2008.

See the draft guidelines. See a comparative report, summarising recent developments in pension fund governance, including regulatory initiatives in OECD and selected non-OECD countries.

For further information, journalists should contact Juan Yermo, OECD Financial Affairs Division, (tel. + 33 1 45 24 96 62), or Fiona Stewart, IOPS Secretariat (tel. +33 1 45 24 14 52).

Useful links:

• For more information on pensions: www.oecd.org/daf/pensions