OECD sets insurer guidelines

By Christian Annesley

ON THE same day that Lloyd’s sets out its blueprint for achieving contract certainty (see front page), the country members of the Paris-based Organisation for Economic Co-operation and Development (OECD) have officially endorsed new guidelines for insurers and pension funds designed to improve investor and customer confidence in the insurance industry. The guidelines will also help to protect individuals’ pensions from mismanagement and fraud.