Supervision of Voluntary Pension Funds Management Companies

The primary aim of the National Bank of Serbia in the supervision of voluntary pension fund management companies represents a part of the general function of establishing a creditable financial system. The function of the National Bank of Serbia in this segment of financial services is the provision of stability and market discipline of voluntary pension funds through the transparency of work, adequacy of risk management systems and responsibility for the operations of pension fund management companies, as well as confidence in supervision.

The National Bank of Serbia will aspire to establish the real transparency of operations, which will enable citizens to decide on the volume of risk they accept by becoming members of a particular pension fund, in line with their priorities. The transparency of voluntary pension fund operations shall be accompanied by adequate transparency of the creation of normative conditions and the supervision of the National Bank of Serbia, with a view to fostering the relations of mutual trust and enabling expert, academic and general audiences to monitor the processes. The National Bank of Serbia shall be governed by the principles of proactive protection of adequacy of voluntary pension fund assets management, and principles of preventive supervision of voluntary pension fund management companies in general.