The Brazilian Pension Funds Authority (PREVIC) used Abrapp’s Regional Meeting 2025 Southwest in São Paulo to outline its current supervisory and legal-risk priorities for Brazil’s closed supplementary pension funds, emphasising risk-based supervision, stronger social participation mechanisms and monitoring of court cases with potential systemic impact. Acting superintendent Alcinei Rodrigues identified expanding participant and beneficiary protection, fostering the closed pension segment and increasing legal certainty for investment decisions as key challenges, pointing to PREVIC Resolution 23/2023 and the reintroduction of the concepts of Regular Management Act and Risk-Based Supervision to support more predictive supervision and more efficient enforcement. The agency also described its Commission for Monitoring Relevant Actions as a mechanism to track and analyse judicial proceedings from early stages and propose preventive responses where rulings could trigger spillovers across multiple entities, while PREVIC’s head federal attorney highlighted mediation and conciliation options through PREVIC’s Mediation, Conciliation and Arbitration Chamber. Resolution 23/2023 was also cited for enhancing transparency and defining a concrete process for social participation, including admitting associations as interested parties in specific administrative proceedings.

Original source View in tracker