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OJK Selected as A Member Of The Executive Committee of the International Organisation of Pension Supervisors (IOPS)


Bali, 18 November 2024 – Indonesia Financial Services Authority (OJK) has been elected as a member of the Executive Committee of the International Organisation of Pension Supervisors (IOPS) for the 2025–2026 period. This decision was announced at the IOPS Annual General Meeting (AGM) held in Bali on Tuesday, following a nomination period and voting process by IOPS members.

Established in 2004, IOPS is an international organization bringing together pension fund regulators and supervisors from across the globe. Established at the initiative of the Organisation for Economic Co-operation and Development (OECD) and the International Network of Pension Regulators and Supervisors (INPRS). Currently, IOPS has 92 members and observers that representing pension fund regulatory bodies from 84 jurisdictions and territories worldwide. Indonesia joined IOPS when pension fund oversight transitioned from the Ministry of Finance to OJK, aligning with the shift in regulatory authority.

The election of OJK to the IOPS Executive Committee underscores Indonesia’s commitment to actively contributing to the development of inclusive and sustainable global pension fund policies.
In the time, Chief Executive of Insurance, Surety, and Pension Fund Supervision of OJK, Ogi Prastomiyono, revealed that the OJK will leverage this momentum by learning from international best practices and contributing to innovative solutions for global challenges. 

"Indonesia is ready to provide new perspectives in global pension fund policy. We believe that collaboration among IOPS member countries will be a significant step in addressing global challenges and strengthening the pension industry and systems in each country," Ogi stated.

In the election of Executive Committee members conducted by IOPS, in addition to Indonesia, which is represented by OJK, several other members were elected, so the new members of the Executive Committee for the 2025-2026 period include:

  1. Indonesia Financial Services Authority (OJK), Indonesia
  2. Australian Prudential Regulation Authority (APRA), Australia
  3. Brazilian Pension Funds Authority (PREVIC), Brazil
  4. Croatian Financial Services Supervisory Agency (HANFA), Croatia
  5. Federal Financial Supervisory Authority (BaFin), Germany
  6. Pension Fund Regulatory and Development Authority (PFRDA), India
  7. National Commission of the Retirement Savings System (CONSAR), Mexico
  8. National Bank of Slovakia, Slovakia

Meanwhile, Astrid Ludin from South Africa Financial Sector Conduct Authority (FSCA) was elected as President of IOPS for the same term, while Angela Mazerolle from Canadian Association of Pension Supervisory Authorities (CAPSA) was elected as Vice President.

Ogi emphasized that Indonesia’s membership in the IOPS Executive Committee is not only an acknowledgment of OJK’s achievements, but also proof of Indonesia's contributions on the international stage.

“OJK’s involvement in the IOPS Executive Committee will strengthen the capacity of national pension fund supervision and create opportunities to contribute to more progressive and relevant global policy development,” Ogi said.