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The draft guidelines which focus mainly on prudential supervision provide pension supervisors with general supervisory approaches for the conduct of the supervisory process.
Some reference to conduct of business practices are made, but the IOPS may consider developing more detailed guidelines on this area in future - especially for contract type Defined Contribution pension funds.
The guidelines are intended to cover all types of private pension arrangements, and although the term ‘pension fund’ is used in the document, some of the guidelines may also apply to the pension plan under which the fund itself is structured. Implementation of these guidelines will vary from country to country depending on the nature of the pension system and supervisory structure.
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