Brazilian private pension sector congress

The 47th Brazilian Congress of Private Pension (CBPP), organized by Abrapp, concluded in São Paulo with approximately 5,000 participants attending both in-person and online. The event addressed various aspects of the supplementary pension industry, including governance, cybersecurity, ESG criteria, and the role of Fiscal Councils in managing closed supplementary pension entities (EFPC).

As the congress progressed, discussions centered on expanding complementary pension coverage to address an aging population and evolving labor relations. A significant focus was placed on micropensions, a project designed to include informal workers and digital platform laborers who possess variable incomes and typically fall outside traditional contribution models. Devanir Silva, president of Abrapp, emphasized the necessity of a pension project that “balances financial sustainability with social protection.”

To increase participation, experts explored behavioral techniques. David Laurent, Chief Behavioral Officer at Novaster, presented findings on ‘Quick Enrollment’—a method where employees are provided with pre-selected contribution rates and investment funds. This approach, similar to automatic enrollment regulated in Brazil, aims to increase plan adherence by simplifying complex decision-making processes.

During the event, Abrapp also showcased its ‘Previdência para Todos’ (Pension for All) initiative. This program is designed to democratize access to supplementary pensions by connecting individuals, families, and companies with solutions offered by EFPCs. The platform aims to increase the visibility of various plan alternatives, helping pension entities reach new audiences and contribute to the growth of the system.