The government has already announced a corrective bill to resolve some shortcomings not analyzed by the House of Representatives.
Senate passes pension bill and lower house has a deadline of June 20
The bill maintains four pillars and designates Banco de la República as manager of the public pension fund.
Skandia identifies growing interest in investing outside Colombia
In the wake of the uncertainty created by the pension reform debate, some wealth investors have opted to expand their positions in international equity.
Outlook for pension reform looks fairly good but with deadlines
Mid-June is the deadline for legislative proceedings for the government bill. Political negotiations will be intense.
Peru, Colombia and Chile raise basic pensions
The 2023 inflation adjustment measures have been presented in the framework of the debate on the reforms to the private pension system.
Industry associations prepare arguments for repositioning of pension debate
The main concern is the fiscal cost and the impact on the financial market.
Mutual funds: the goal is to strengthen distribution and make transactions easier for individuals
Germán Arce, president of Asofiduciarias, said that recent efforts to structure new funds, design financial education strategies, and create channels for promotion, dissemination and distribution of mutual funds are focusing on individuals.
Colombian AFPs shed international investments in February
Sales of international assets totaled USD 1 billion in the month, mostly affecting money-market funds.
Colombian AFPs shed risk positions in international portfolio in January
Pension funds took advantage of market rises at the beginning of the year to reduce their investments in international equity and bond funds, parking liquidity in money-market funds.