OECD to unveil pension management principles
GLOBAL – The Organisation for Economic Cooperation and Development is set to unveil a five-point guideline for pension fund asset management tomorrow (March 21).
The OECD in Paris told IPE the guidelines are due for release tomorrow.
The document should provide a roadmap for how pension fund should manage their assets, according to the Journal of Pension Economics and Finance, which has links with the OECD and the International Organisation of Pension Supervisors.
In December last year IOPS circulated its newly approved set of principles for pension supervision.
The IOPS governing membership approved the 'Principles of Private Pension Supervision' - covering the independence of the supervisory authority, the necessity for adequate resources and powers, risk-orientation, transparency and governance - at its first annual meeting in Paris.
"These principles will be circulated for consultation during 2006," IOPS said at the time.
Private or otherwise non-public pension plans are becoming more and more important, both in the OECD area and in emerging economies. OECD work on the broader consequences of ageing has been reinforced in recent years.