Public consultation on Draft IOPS Good Practices on the Role of Pension Supervisory Authorities in Consumer Protection related to Private Pension Systems
10 October 2017 - 9 November 2017
Recognising the crucial importance of protecting the interests of members and beneficiaries in the private pension field, and drawing on the work developed by the G20/OECD Task Force on Financial Consumer Protection and other international organisations, the IOPS Members decided to launch a project looking at the specificities of consumer protection in private pension systems and the role that Supervisory Authorities play in this respect. These draft Good Practices identify a number of the key areas and supervisory measures directed at enhancing consumer protection in the private pension sector.
The IOPS Members met on the occasion of five plenary Committee Meetings during 2016-2017 to prepare and discuss the text of the Good Practices. The current version is still a work in progress.
The process of the public consultation is intended to collect comments on the draft IOPS Good Practices on the Role of Pension Supervisory Authorities in Consumer Protection related to Private Pension Systems. It is targeted at international organisations with an interest in financial sector supervision and other relevant stakeholders. Based on the comments and feedback received through the process of the public consultation, the Good Practices will be reviewed and presented for final approval by IOPS Members.
DRAFT TEXT FOR COMMENT
DOCUMENTS AND LINKS
G20 High-Level Principles on Financial Consumer Protection (endorsed by the G20 Leaders in November 2011 and adopted by the OECD Council as a Recommendation in July 2012).