The industry association took part in the process led by the CMF to adapt the regulations, which obliges fund managers to adapt their systems and have them operational by December 1, 2025.
Banco de la Republica’s international investment modality still in doubt
The investment regime, including alternative assets, should be operational on July 1 together with start-up of the pension reform.
Bidding for participant stock raises concerns about impact on profitability
Returns for a pensioner could drop by an estimated 12%.
Positiva Seguros joins the list of ACCAI
This move places the Colombian government in direct competition with former AFPs.
Chilean executive takes over Colfondos presidency
His experience in the Chilean pension system was considered critical for dealing with the challenges of the new pension system approved in Colombia.
Porvenir gets 48.1% of participants in ACCAI selection process
The process showed some correlation with AFPs’ percentage market share before approval of the pension reform.
Executive from Habitat appointed as president of the AAFP
Will Assume the position vacated by Giovanna Prialé, who has taken over the presidency of FIAP.
Strong criticism of the pension reform from some AFPs
The bidding process for 10% of existing participants is one of the issues of most concern to players in this market.
Congress passes reform confirming the individually funded model
With the support of the main political forces, Congress finally passed the pension system reform. The reform raises contributions, confirms the role of AFPs and strengthens social protection.
Mid-January is the deadline for choosing a pension manager
In this first stage, participants will be allocated to the four existing AFPs but by mid-2025 new managers will be entering the system.