The Financial Supervisory Authority (ASF) will represent Romania in the Executive Committee of the International Organisation of Pension Supervisors (IOPS), 2026-2027.
According to a press release from the ASF, the election of the institution, represented by Vice President Daniel Armeanu in the Executive Committee of IOPS, was approved in the General Assembly of the International Organisation of Pension Supervisors, which took place in Istanbul between 5 and 7 November 2025. This step reconfirms the recognition of Romania's contribution in the field of supervision of private pension systems and of its active role in the development of global standards, principles and good practices regarding the sustainability and protection of pension fund participants, the ASF claims.
"Romania's participation in the management of IOPS means an appreciation, at an international level, of the maturity and professionalism of our private pension system. It is an opportunity to actively contribute to the strengthening of the global pension architecture, in a period in which stability and intergenerational equity are becoming pillars of public trust in modern economies," said ASF President Alexandru Petrescu, in a press release.
While participating in the General Assembly in Istanbul, ASF Vice President Daniel Armeanu underscored the importance of ensuring periodic and sustainable payments for future retirees, as a central element of the functioning of a balanced private pension system.
"During the Istanbul meetings, discussions focused on how pension systems can ensure stable and sustainable incomes for future retirees. The main objective of IOPS is to improve the quality and efficiency of the supervision of private pension systems globally, in order to guarantee constant long-term incomes in retirement. In this context, long-term periodic payments from pension funds are encouraged, and lump-sum payments are recommended to be avoided, except in situations where assets are of low value or in exceptional cases," explained Armeanu.
The Financial Supervisory Authority is the national authority, established in 2013 by GEO 93/2012 approved by Law 113/2013, for the regulation and supervision of the insurance markets, private pensions, as well as the capital market, which totals over 10 million participants.
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