Existing pension fund managers (AFPs) will have to compete with new players, while also being allowed to expand into areas such as banking and insurance. The reform aims to level the playing field, boost competition, and ...

A newly released draft decree on capital markets development omits any reference to mandatory repatriation, signaling a shift toward strengthening local markets through regulatory reform rather than direct intervention—at least for now.

New regulations from the Superintendency of Pensions define capital, governance, and outsourcing requirements.

The initiative represents one of the early steps by local managers to offer qualified investors locally domiciled vehicles with exposure to international assets.

Alpheon, Danske, DPAM, Fidelity, Global X, iShares, Sixth Street, T. Rowe Price and Wellington were the fund sponsors gaining approval for new products in November.