12-14 March 2001, Rio de Janeiro
The first OECD Conference on Private Pensions in Brazil was held on 12-14 March 2001 in Rio de Janeiro under the aegis of the OECD Centre for Co-operation with Non-Members. The conference was organised with the support of the Brazilian government and Brazilian private pension fund associations and was co-sponsored by the International Pension Foundation, United States. There were seventy participants including delegates from both OECD and non-OECD countries as well as governmental, business community representatives and academics from Brazil and other Latin American countries.
The main purpose of the conference was to promote high-level policy dialogue on private pension reform in Brazil with a view to strengthen the private pension system in that country through an efficient regulatory and supervisory system, as well as through the promotion of competition in the pensions market.
Major regulatory and supervisory issues related to Brazilian private pension system and specific policy issues such as tax treatment, investment regulation, pension funds governance, solvency protection, vesting rights and portability have been thoroughly examined.
The meeting was opened by the Chair of the OECD Working Party on Private Pensions, Mr Richard Hinz, the Acting Head of Financial Affairs Division, OECD, Mr André Laboul and the Minister of Finance of Brazil, Mr Pedro Malan. In his introductory speech, the Minister confirmed the priority of the current government to encourage long-term personal savings accumulation in Brazil through the granting of tax advantages to private pension plans and individual life insurance. In this respect, the Minister highlighted the significance and timeliness of the OECD conference on private pensions for his country, where the reform of the pension system was identified as one of the core concerns of policymakers.