The Brazilian Pension Funds Authority (PREVIC) published an overview of its 2023-2024 actions and set out regulatory priorities through 2026 for Brazil’s closed supplementary pension sector, with protection of members’ and beneficiaries’ rights positioned as the top objective. The update referenced eight protection and promotion measures set out in Brazil’s 2022 Government Transition Report and highlighted work with the sector on regulatory improvements, recognition of representative associations, increased legal certainty for fund managers’ decision-making, and stronger democratic channels to promote and protect members’ and beneficiaries’ rights. For 2025-2026, PREVIC flagged the need to discuss and refine strategic National Council for Complementary Pensions (CNPC) rules covering actuarial parameters and deficits for Closed Supplementary Pension Entities (EFPC), the viability of benefit plans, selection of senior management, regulation of the “Family Plan”, and governance requirements, including expectations around manager selection and succession and how funds communicate with participants.

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