The Brazilian Pension Funds Authority (PREVIC) published its 2024 statistics on the handling of reports of alleged irregularities linked to 51 closed pension funds. It received 144 cases from individuals and legal entities and completed analysis of 131 (91%), with outcomes that may lead to supervisory procedures. PREVIC reported that its annual target is to process at least 80% of received reports within a maximum of 180 days and that the average analysis time in 2024 was 49.1 days. Of the 131 cases analysed, 34 (26%) were not treated as complaints due to insufficient information; among the 97 treated as complaints, 70% were dismissed as unfounded, 5% were upheld, 18% were partially upheld, and 7% became moot. The most common topics were governance (47 cases), benefits (15) and electoral processes (7), with reports submitted mainly through the Ombudsman channel or directly via PREVIC’s protocol.
Brazilian Pension Funds Authority (PREVIC) 2025-01-27
Brazilian Pension Funds Authority PREVIC completes analysis of 131 of 144 2024 irregularity reports involving 51 closed pension funds
The Brazilian Pension Funds Authority (PREVIC) released its 2024 statistics on reports of alleged irregularities involving 51 closed pension funds, analyzing 131 out of 144 cases received. Of these, 70% were dismissed as unfounded, 5% were upheld, 18% were partially upheld, and 7% became moot. Governance issues were the most reported topic, with submissions primarily through the Ombudsman channel or PREVIC’s protocol.