José Carlos Saavedra Solano took over the top job of the pension fund manager.
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.
Chilean Senate to begin reviewing pension reform in March
The text passed by the Chamber of Deputies will go through a debate stage, which is expected to be tough and complex, and may not be voted on until the last half of the year.
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.
AFPs likely to begin to receive an injection of flows from pension debts next year
The Superintendency of Banking, Insurance and AFPs (SBS) created a mechanism for regularizing debts which would transfer around USD 1.2 billion into the Private Pension System over the next 10 years.
Industry associations prepare arguments for repositioning of pension debate
The main concern is the fiscal cost and the impact on the financial market.
Private investors could be the new target for real estate funds
Luis Marcelo Indacochea, general manager of Core Capital, said the freezing of AFP investment in alternatives will push industry players to look for other sources of financing.
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.
Former Moneda and Credicorp executive to reinforce Frontal Trust AGF
Claudio Mehech Laban has wide-ranging experience in the investment funds industry.
Peruvian government proposes pension system reform
Prohibition of new withdrawals and entry of new players into pension fund management are some of the innovations.