IOPS is an international standard-setting organisation gathering pension supervisors from more than 75 jurisdictions worldwide.
The major goal of the IOPS is to improve the quality and effectiveness of the supervision of private pension systems throughout the world, thereby enhancing their development and operational efficiency, and allowing for the provision of a secure source of retirement income in as many countries as possible.
IOPS currently has 87 Members and Observers representing supervisory bodies from 77 jurisdictions and territories worldwide. The organisation cooperates closely with other international organisations involved in pension supervision policy development and dialogue, including the OECD, the World Bank, ISSA, IAIS and IMF.
Our Main Objectives
The IOPS operates by an Executive Committee and a Technical Committee assisted by a Secretariat. Participation in the Technical Committee meetings is open to all IOPS Members.
The Executive Committee consists of a minimum of 5 and a maximum of 12 members, elected by the Governing Members, representing at least 3 continents, to serve a 2 year term. It has all the powers necessary to achieve the objectives and purposes of the Organisation, including the appointing of Chairpersons and Vice-Chairpersons, the consideration of membership applications and the setting of membership fees, the oversight of the Secretariat and the establishing of agenda for the Annual General Meeting and Conferences. The Committee prepares the biannual Programme of Work, the Annual Budget and the Annual Report of the Organisation, and is the main liaison body with other international organisations.
The Technical Committee participates in and conducts the development of principles, standards and good practices on pension supervisory issues and on regulatory issues related to pension supervision. It also oversees the extensive body of research that the IOPS members and Secretariat undertakes. The Technical Committee develops the Programme of Work of the Organisation, which it recommends to the Executive Committee, and well as serving as a forum to discuss, develop and analyse matters related to pension supervision that are of interest to the membership.
The IOPS Secretariat is hosted by the Organisation for Economic Cooperation and Development (OECD), according to the IOPS/OECD partnership agreement.
IOPS holds a variety of events yearly, including Committee meetings, regional seminars and training workshops. Executive Committee meetings and Technical Committee meetings are usually held three times a year. The IOPS Annual General Meeting is held once a year. The full governing membership of the IOPS is invited to attend the AGM in order to provide formal approval of standards, working papers and various administrative issues. This occassion is used to communicate IOPS work and news to the press.
The IOPS Principles of Private Pension Supervision focus on protecting the interests of pension fund members and beneficiaries, by promoting the stability, security and good governance of pension funds. A methodology for authorities to undertake self-assessment against the Principles has also been developed. [more]
Programme of Work
The Programme of Work for 2017-2018 was approved by the Governing Membership at the Annual General Meeting held in Hong Kong, China in November 2016.
In addition to the completion and continuation of projects already launched, the Technical Committee agreed to start work on 5 new projects.
Past work programmes