Governance and risk management at IORPs: (finally) a practical guide from the FSMA!
Newsletter
Pensions
On 19 January 2022, the FSMA published on its website the "Practical Guide for Institutions for Occupational Retirement Provision on the Implementation of IORP II and EIOPA's Opinions on Governance and Risk Management" (link).
By means of this document, the FSMA communicates to the pension fund sector its expectations and provides examples of good practices for the application of the governance rules imposed by the IORP Act (WIBP).
The Practical Guide is not a revolution but rather an evolution, as the FSMA is drawing on the experience gained since 2019, the year in which the IORP II Directive was transposed into Belgian law. It is a document that IORPs should take into account in their future practice.
We hope you enjoy the read!