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EUROPE ‐ Mandatory (Information valid at 01‐01‐2006): Iceland

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Abstract:

1998: Act 129 on Pension Rights Insurance and the Operation of Pension Funds; defines the entities that are allowed to operate as pension funds and to receive mandatory contributions, determines minimum pension rights, general requirements for pension funds regarding size, risk, internal auditing and funding, establishes guidelines for, and limits on, the funds' investment policies and creates the Financial Supervisory Authority (Fjármálaeftirlitid‐FSA) to supervise pension funds' solvency and compliance with legal requirements.

Document Type: Review Article

Publication date: September 1, 2008

oecd/16080289/2008/00002008/00000015/2108021ec044
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