The Brazilian Pension Funds Authority (PREVIC) participated in a regional meeting of the Parliamentary Front for Strengthening Closed Pension Funds (EFPC), where its director-superintendent Ricardo Pena pointed to recent sector advances and set out the regulator’s forward agenda for modernising oversight. Pena cited the new tax regime and automatic enrolment as key achievements, and described upcoming work on the sanctions framework, a solvency model, and environmental, social and governance (ESG) criteria for investment. He also flagged the volume of pension-related bills in the National Congress, noting PREVIC is monitoring 213 initiatives which he characterised as mostly regressive for workers. The release highlighted the scale of the EFPC system in Minas Gerais, with 155,000 people covered and BRL 46 billion in accumulated assets across 14 entities and 190 sponsors.
Brazilian Pension Funds Authority (PREVIC) 2025-11-06
Brazilian Pension Funds Authority outlines sanctions, solvency and ESG regulatory agenda at parliamentary closed pension fund meeting
The Brazilian Pension Funds Authority (PREVIC) attended a regional meeting, where Director-Superintendent Ricardo Pena highlighted sector advances and plans for modernizing oversight. Achievements include a new tax regime and automatic enrolment, with future work on the sanctions framework, solvency model, and ESG criteria. Pena noted PREVIC is monitoring 213 pension-related bills in the National Congress, mostly seen as regressive for workers.