The head of strategy at the Pensions Regulator has been re-elected as the president of the International Organisation of Pension Supervisors (IOPS).
Formed in July 2004, the IOPS elected John Ashcroft, head of strategy at The Pensions Regulator, to continue to serve as President of the Association with Guillermo Larrain, from the Chilean pension supervisory authority, Superintendencia de Administradoras de Fondos de Pensiones, as Vice President.
The IOPS has representatives from over 30 countries, and its aim is to improve the quality and efficiency of the supervision of private pension systems throughout the world. To achieve these objectives, the IOPS cooperates closely with international organisations including the World Bank and the International Monetary Fund.
As well as representatives from the UK and Chile, the remaining members of the organisation’s executive committee are drawn from Australia, China, Germany, Hungary, Italy, Jordan, Kenya and Pakistan.
Commenting on his re-appointment, John Ashcroft says: “Pensions supervisors across the world are working to tackle the challenges posed by an ageing population, the volatility of markets, globalisation and the move from state to work-based pension provision. Now that IOPS is fully functioning I hope that we can build on these strong foundations to provide supervisors, and those countries who are just starting on the private pensions path, with the help they need.”
If you have any comments you would like to add to this story or would like to speak to its author about a similar subject, telephone Nyree Stewart on 020 7968 4558 or email [email protected]IFAonline
What made financial headlines over the weekend?
'Right thing to do'
£69m spent on upgrades