International Organisation of Pension Supervisors (IOPS)

The International Organisation of Pension Supervisors (IOPS, external link) focuses on developing international standards and methodological approaches for the supervision of pension funds and on establishing regulatory rules related to this activity. The organisation supports international information exchange and cooperation among pension fund supervisory authorities in member jurisdictions. It serves as a global forum for discussion and information sharing on the supervision of pension systems. It also promotes implementation and facilitates communication and dissemination of research results and the sharing of good practices.

IOPS is an international organisation comprising institutions responsible for supervising pension funds and covering all types of pension systems and their oversight. Issues related to pension fund regulation were initially addressed under the auspices of the OECD; later, a separate organisation was established, with the OECD and the World Bank providing administrative and advisory services for a fee. Its activities are partly funded by a grant from the World Bank. IOPS cooperates closely with other international organisations dealing with pension system issues, including pension funds (e.g., the OECD, the World Bank, the International Monetary Fund and the IAIS).

The CNB has been a member of IOPS since 1 January 2007. Membership in IOPS provides the CNB with the opportunity to participate in the development of global standards for the regulation and supervision of pension funds, exchange experiences with the relevant supervisory authorities in other jurisdictions, and acquire and apply knowledge of good practices in areas affecting financial stability and the effective supervision of pension systems. A representative appointed by the CNB also regularly attends the Annual Meeting, which includes the IOPS General Meeting.