Superintendency of Banking, Insurance and Private Pension Fund Administrators of Peru signs ONP agreements to implement centralized pension affiliation and transfer platform

The Superintendency of Banking, Insurance and Private Pension Fund Administrators of Peru has signed a framework agreement and a specific agreement with the Pension Standardization Office to support the rollout of the Secure and Transparent Affiliation Platform, a central tool under Peru’s pension system modernization law. The digital platform will centralize member choice, affiliation and transfers between the Pension Standardization Office and private pension fund administrators, and will also support implementation of the semi-contributory pillar. The framework agreement sets governance arrangements for closer coordination between the two institutions, while the specific agreement provides for secure, real-time information exchange to carry out pension system choice, affiliation and transfer processes. The platform will be managed by the Pension Standardization Office under joint governance with the Superintendency of Banking, Insurance and Private Pension Fund Administrators of Peru, and will centralize information on affiliations, pension regime changes, and records linked to contributors and members. Both bodies will share databases and develop technological mechanisms to validate information. The agreements run for an initial three years and include provisions on digital governance, cybersecurity, personal data protection, and permanent technical coordination.