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New Delhi, Dec. 11

The Pension Fund Regulatory and Development Authority (PFRDA) has been elected as a member of the executive committee of the International Organisation of Pension Supervisors (IOPS). “This will enable PFRDA to interact with other pension regulators on issues pertaining to best practices in the development and supervision of the pension sector,” an official release issued here on Tuesday said. IOPS is an independent body representing international entities invol ved in the supervision and regulation of private pension arrangements. IOPS has 60 members representing more than 40 countries having different types of pension and regulatory systems. The main objective of the IOPS is to improve the quality and effectiveness of pension supervision and work closely with other international organisations involved in pension supervision and policy development. —

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