The Brazilian Pension Funds Authority (PREVIC) announced that the Closed Supplementary Pension Development Committee (COFOM) will resume work with a new composition and hold its first meeting of the year on 5 February to debate concrete initiatives aimed at modernising, expanding and strengthening Brazil’s closed pension fund sector. The agenda includes development measures focused on accessibility, attractiveness, efficiency, engagement with society, innovation and inter-cooperation among closed supplementary pension entities (EFPC). Membership changes were set out in PREVIC Ordinance 1,192/2025, including the replacement of PREVIC’s principal representative who chairs COFOM and updates to representatives (principal and alternate) indicated by Anapar, Abrapp and the EFPC segment that administers family or sectoral plans. PREVIC also highlighted the sector’s scale of BRL 1.36 trillion in invested assets, around 11% of Brazilian GDP, and flagged topics such as expanding risk coverage, cooperation agreements to share experiences, and incentives for financial and pension education. The 5 February meeting is intended to begin turning COFOM’s 2025 diagnostic work into short-, medium- and long-term actions.

Original source View in tracker