The Brazilian Pension Funds Authority (PREVIC) presented its strategic guidelines and priorities for the closed supplementary pension sector at an Abrapp regional meeting in Brasília, centring the discussion on recent regulatory changes led by Resolution PREVIC 26/2025. The authority framed the resolution as a modernised rulebook covering governance practices, communication with participants and beneficiaries, and more efficient investment guidelines, including the integration of Environmental, Social and Governance (ESG) criteria. PREVIC set out four priority axes: expanding coverage, including through automatic enrolment and the work of a Commission of Fomento to plan medium- and long-term targets; a regulatory agenda that includes embedding ESG directives in investment portfolios and revising rules considered outdated, such as CNPC Resolution 30/2018; strategic communications; and strengthening PREVIC through additional staffing via a public recruitment exam, technology investments to increase transparency and security, and improvements to its supervisory methodology. On ESG, the authority said closed pension entities (EFPC) should incorporate sustainability into investment policies using a double materiality approach, assessing both how ESG risks affect asset returns and how allocation decisions impact the environment and society; Resolution PREVIC 26/2025 updates Resolution PREVIC 23/2023 and follows CMN Resolution 5202/2025. The communication provisions emphasise plain language and clearer participant-facing disclosures, with PREVIC linking this to greater transparency and control for members and fewer errors, costs and conflicts for EFPC.

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