2023-05-22 18:36:27
The Closed Supplementary Pension recorded a 6% expansion in total assets in 2022, adding up to R$1.18 trillion in assets, representing approximately 11.9% of the Gross Domestic Product (GDP). In addition, the system currently has 2.6 million active participants (payers), 793,000 retirees and pensioners and 3.7 million dependents, totaling around 7.1 million people within the Closed Supplementary Pension Plan.
Os disclosed data by the Brazilian Association of Closed Supplementary Pension Entities (Abrapp), this Thursday (18), show that the system reached an annual profitability of 9.31% and also achieved a reduction in the net deficit to R$ 16 billion (R$ $36.4 billion in the previous year), representing a reduction of 56% compared to the value calculated in 2021.
This result was influenced, mainly, by the fixed income segment, impacted by the interest rate that had new highs throughout the year and ended at 13.75%. Additionally, in the last quarter the Ibovespa presented an improvement in performance and ended the year with an increase of 4.69%, slightly impacting the assets exposed in variable income.
“The result shows that we maintained the trend of recovery”, evaluated CEO Jarbas Antônio de Biagi.
Fixed income, which represents 78.2% of assets, returned 9.94% in the year, while variable income, which accounts for 13.7% of the portfolio, returned 7.91% in 2022. “We are on a trajectory consistent recovery. Compared to other economic indicators, the accumulated profitability of the system was above the IPCA (5.79%) and INPC (5.93%)”, said Biagi.
new categories
The results for 2022 show that the Family Plans ended the year with assets of R$1.3 billion in resources and the Abrapp Sectorial Plan totaled R$605.4 million in December, a consolidated result 64% higher than that obtained in 2021.
“We followed to the letter what we proposed in our promotion plan, with new instruments for accumulating social security savings for a new participant profile. This increase in new participants reflects this purpose, which is to provide Brazilians with security, freedom and well-being through social security savings”, commented Biagi.
With regard to the Federative Entities, the new Complementary Pension Regime (RPC) that emerged more recently to meet the requirements of Constitutional Amendment No. 03, of 11/12/2019, which established that states and municipalities must create their own RPC, a Previc’s survey showed that by December, 26 Closed Complementary Pension Entities (EFPCs) associated with Abrapp were already managing 603 pension plans in this category (all approved by the autarchy). There are still another 1254 municipalities that have already started validation work.
Governance
Abrapp also highlights the quality of the management and governance of the EFPCs, as well as the technical capacity and qualification of the managers, who are prepared to always act in accordance with the rules of good practice and conduct for investments, revisiting policies and making moves necessary to mitigate risks and reverse results. “Risk management is a point of great relevance in the governance of entities. In the first half of the year, we saw movements by some managers migrating to variable income and others reducing exposure abroad, which had low profitability due to the war in Ukraine”, evaluated Biagi.
For the executive, this is also the result of the certification work that Abrapp does in partnership with its affiliates, the National Union of Closed Complementary Pension Entities (Sindapp) and the Institute of Institutional Certification and Social Security Professionals (ICSS) – main certification institution for professionals from private pension entities. “In terms of qualification, the system has progressed a lot in recent years,” he said.
The system offers certification aimed from the technical level to managers and advisors. And each of them with emphasis on different areas, such as administration, investment and technical level, among others, through the self-regulation program, Seals of Governance and Governance in Investments were created.
Specifically, the Seal of Investments has already been won by 28 EFPCs and another 24 are in the process of being evaluated.
According to Abrapp, in the last ten years, the ICSS has already certified around 9.4 thousand professionals and re-certified more than 6.4 thousand.
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