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INTERNATIONAL ORGANISATION OF PENSION SUPERVISORS
The International Organisation of Pension Supervisors (IOPS) is an independent international body representing those involved in the supervision of private pension arrangements. The organisation currently has over 40 members and observers representing more than 30 countries worldwide.
The IOPS, formed in July 2004, was instigated by the International Network of Pension Regulators (INPRS), an informal network of regulators and supervisors. It was felt that a more formal, independent, body could better serve as a world-wide forum for policy dialogue and the exchange of information, as well as the standard setting body, promoting good practices in pension supervision. Such functions serve the IOPS major goal of aiming to improve the quality and effectiveness of the supervision of private pension systems throughout the world, thereby enhancing the development and operational efficiency of private pension systems, allowing for the provision of a secure source of retirement income in as many countries as possible.
The aims and purposes of IOPS can be summarised as:
- serving as the standard-setting body on pension supervisory matters and regulating issues related to pension supervision, taking into account the variety of different private pension systems;
- promoting international co-operation on pension supervision and facilitating contact between pension supervisors and other relevant parties, including policy makers, researchers and the private sector;
- providing a worldwide forum for policy dialogue and exchange of information on pension supervision;
- participating in the work of relevant international bodies in the area of pensions, including joint activities to improve statistical collection and analysis;
- promoting, conducting and facilitating the distribution and communication of research, and collecting information in co-operation with relevant international bodies
The current President of the IOPS is Mr. John Ashcroft, strategic policy director of the Pensions Regulator in the UK. The Vice President is Mr Dube Tshidi, Registrar of Pensions at the Financial Services Board of South Africa. The other members of the Executive Committee are drawn from pension's supervisors in Australia, the People's Republic of China, Hungary, Italy, Jamaica, Jordan, Mexico, Netherlands and Pakistan.
The Chair of the Technical Committee of IOPS is Mr Aerdt Houben of De Nederlandsche Bank. The Vice-Chair is Mr Tariq Hassan Chairman of the Securities and Exchange Commission of Pakistan.
The organisation cooperates closely with other international organisations involved in pension supervision policy development and dialogue, including the OECD, World Bank, ISSA, IAIS and IMF.
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