International guidelines for pension fund licensing and governance issued by the Organisation for Economic Co-operation and Development (OECD) and the International Organisation of Pension Supervisors (IORPS) have been welcomed, even though the effects of these reforms will not be felt instantly.
Speaking to Global Pensions, Tim Reay, principal, Hewitt, praised the guidelines as a "model of good practice and governance" and said they would have a wide ranging effect on less mature pension m...
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