IOPS Principles of Private Pension Supervision
The IOPS Principles of Private Pension Supervision were approved by the governing members at the Annual General Meeting held in Istanbul in 2006. These Principles cover topics such as objectives, independence, adequacy of resources and powers, risk-orientation, proportionality and consistency, consultation and cooperation, confidentiality, transparency and governance. As well as being widely adopted and used by IOPS member authorities for the self-assessment purposes of their compliance with the Principles, these Principles have also been incorporated into the Organisation for Economic Co-operation and Development (OECD) Core Principles of Occupational Pension Regulation and have been used by the IMF and the World Bank in the Financial Sector Assessment Programmes (FSAP). A methodology for authorities to undertake self-assessment against the Principles has also been developed. The Principles were revised in 2010.
IOPS Guidelines and Good Practices
The elaboration and promotion of guidelines and good practices on pension supervision form part of the core activities of the Organisation. In addition to the IOPS Principles of Private Pension Supervision, the following guidelines have been approved by the Governing Members: