The Mauritius Financial Services Commission (FSC) published a communiqué on its Pensions Industry Meeting with key stakeholders in defined benefit (DB) private pension schemes licensed under the Private Pension Schemes Act, focusing on identifying strategies to mitigate underfunding risks and strengthen the long-term sustainability of members’ benefits. The 25 November 2025 meeting brought together members of governing bodies, pension scheme administrators and actuaries. The FSC Chief Executive highlighted expectations around accountability and delivery by both schemes and the supervisor, transparent communication to members on scheme financial soundness, and timely reporting and compliance. The discussion was framed by a presentation on governance, funding and duties under the legal framework, followed by an open exchange that characterised underfunding challenges as complex and multi-layered. The session formed part of a wider series of FSC conversations with the pensions industry and concluded with a commitment to improve compliance by pension schemes.
Mauritius Financial Services Commission 2025-11-27
Mauritius Financial Services Commission convenes pensions industry meeting to address underfunding risks in defined benefit schemes
The Mauritius Financial Services Commission held a Pensions Industry Meeting to address underfunding risks in defined benefit private pension schemes. Key discussions focused on governance, funding, and legal duties, with an emphasis on accountability, transparent communication, and compliance. The meeting is part of ongoing FSC efforts to enhance the long-term sustainability of pension benefits.