OECD Calls for stricter private pension oversight

"While attention to date has focused on improving banking regulation, the OECD believes that now is also the time to strengthen regulation of private pension funds," the organisation said in a release. The new Core Principles of Occupational Pension Regulation called for policy makers to improve the operations of the private pension systems including licensing, governance, funding, investments and the rights of the scheme's members. The OECD also issued new guidelines on pension fund governance which focuses on the need to improve risk-based governance structures. It also recommends e...